New employee recruitment. Photo: SOMMAI/Shutterstock

As the Great Resignation persists and turnover rates continue to climb, credit unions are challenged to retain and attract top talent. While raising salaries and improving benefits is the kneejerk reaction, that’s not feasible for everyone – and, it’s often only a part of the fundamental employee retention dilemma. It’s time to shine a light on the employee experience, something that has traditionally been overlooked.

Employees should be served with the same vigor that members are. While some believe that putting employees first causes a notable financial burden, it’s actually far more expensive to lose staff than to make the effort to keep them. A study by the Society for Human Resource Management found that employers spend the equivalent of six to nine months of an employee’s salary in order to find and train their replacement.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.