OHA struggles to recruit qualified loan manager amid high interest rates and salary concerns

In a recent meeting of the Committee on Budget and Finance of the OHA Board of Trustees, significant discussions centered around the challenges of recruiting qualified loan managers amid a competitive job market. The meeting highlighted the complexities of the current hiring landscape, particularly in the context of high interest rates that have dampened the loan business, leading to fewer applicants for positions that traditionally attract talent through commission-based incentives.

Steve, a committee member, emphasized the importance of having a skilled loan manager who is also proficient in accounting. He noted that the current salary range of $71,000 to $87,000 may not be sufficient to attract the caliber of candidates needed for the role. This concern was echoed by Stacy, who pointed out that the organization is actively working to enhance its recruitment strategies, including the potential introduction of signing bonuses to make positions more appealing.

The committee acknowledged that the recruitment challenges faced by OHA are not unique and reflect broader issues affecting government agencies across the state. Stacy reassured members that the organization is committed to addressing these constraints and is taking the recruitment process seriously. She mentioned ongoing efforts to rebuild OHA's reputation as an employer of choice, which has been a long-term challenge.

The discussions underscored the urgency of filling these vacancies, as existing staff are reportedly overworked. The committee is exploring various avenues to attract talent, including leveraging professional networks to tap into a shallow pool of candidates. The meeting concluded with a commitment to continue addressing these recruitment challenges and to keep the board informed of progress in filling critical positions.