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It's a tight job market, with companies coping with talent shortages and unfilled jobs. Not only are workers aging out of the job market, but younger people aren't staying in one company anywhere near as long as older workers used to—exposing employers not just to vacant jobs but also to a talent drain.

While slightly higher pay and a sharper focus on benefits are helping to recruit new workers, employers haven't exactly opened their purse strings as much as prospective employees are looking for, so bosses are having to resort to unconventional talent pools to keep their businesses running. In fact, among others, they're taking another look at candidates they might never have considered before, or even that they had considered but rejected.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.