I work in a Bank. The attrition rate in the branch banking side has always been high. The inter bank poaching is one aspect. The quality of the hiring is also poor, since this is an entry level with a major part of salary is linked to incentives the hiring teams also do not pick the right candidates,
May people hired realise their interest in other things, go for higher studies, go to selling in other industry, study in parallel and switch. Further the people who do well carry on a move to a better roles while the new talent comes in.
I agree there is a need for the Banks to think of this talent pool differently.
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