Today I want to talk to you about the purple spotted unicorn.
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Here's what the purple spotted unicorn is.
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The purple spotted unicorn, first and foremost, is a unicorn.
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I'm not even sure if that exists, but it's a unicorn.
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And then it's a very specific type of unicorn.
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Over the last couple of months, unfortunately, I've actually had to turn down a couple of different searches.
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And the reason?
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Was because of the purple spotted unicorn.
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What I mean is the hiring manager of the organization that I was representing had expectations of being able to find a purple spotted unicorn.
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And when I came to them and shared with them that, Hey, the skills, the compensation, the opportunity, all those things are not congruent with what the talent in the market is bearing.
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It creates a purple spotted unicorn.
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And we've had to back off and say, Hey, I don't even know if that person exists, let alone, I cannot confidently tell you I can go find it.
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Now, let me also clear this up.
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We're not looking for any handouts.
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We don't get paid for the easy searches.
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All of my searches are looking for some kind of a unicorn or a horse that maybe used to be a unicorn or something kind of similar to that.
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We can do that all day, every day, but the purple spotted unicorn, that's where we're going to have our challenge.
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And quite frankly, moving forward, especially in commercial banking and commercial finance, the unicorn or unicorn like talent is dwindling significantly.
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This is going to be one of our biggest challenges going forward, regardless of what happens in the market.
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It's truly finding the talent that we need.
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Unfortunately, for a lot of banks, this is going to mean getting creative, trying to find other solutions.
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And we're happy to talk through what some of those could be.
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If you find yourself really wanting a purple spotted unicorn, but knowing they don't really exist.
