The Great Resignation and Resulting Talent Gap

Report Summary

The Great Resignation and Resulting Talent Gap

The past two and a half years have seen a dramatic shake-up when it comes to hiring and retaining talent.


Download table of contents

Gabrielle Inhofe

July 14, 2022 – Amid the COVID-19 pandemic, rapid digitalization, and changing demographics, younger baby boomers are retiring earlier than expected, while midcareer and younger employees are switching jobs at an astronomically high rate. This phenomenon—dubbed the Great Resignation—has resulted in a talent gap, a labor shortage that has had firms in the financial services and cybersecurity dramatically rethinking their approach to retaining and attracting talent.

This report analyzes the Great Resignation and subsequent talent gap, and how financial services firms can best respond to the changing world of work. This report, which includes sections by representatives of each Aite-Novarica Group practice, draws on surveys, expertise, and quantitative and qualitative desk research.

This 36-page Impact Report contains seven figures and one table. Clients of Aite-Novarica Group’s Capital Markets; Wealth Management; Commercial Banking & Payments; Retail Banking & Payments; Healthcare Payments; Life, Annuities, & Benefits; Property & Casualty; Cybersecurity; Fraud & AML; Customer Experience; or Financial Services CIO/CTO Advisory service can download this report and the corresponding charts.

Download table of contents

This report mentions Alphabet (Google), Amazon, Apple, Facebook, and Microsoft.

How can we help?

If you have a question specific to your industry, speak with an expert.  Call us today to learn about the benefits of becoming a client.

Talk to an Expert

Receive email updates relevant to you.  Subscribe to entire practices or to selected topics within

Get Email Updates