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Talent Trade Tidbit - Purple Spotted Unicorn
Bonus Episode28th March 2024 • The Talent Trade • Southwestern Family of Podcasts
00:00:00 00:02:13

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On the hunt for the rare beast known as the "purple spotted unicorn"? We've got bad news for ya...you're not going to find one.

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Transcripts

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Hi, this is Stephanie Maas.

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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.

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