How Banks Can Retain Top Junior Bankers

Posted by Don Woodland on Jan 27, 2015 10:43:05 AM

It’s no secret that banks are constantly scoping out the landscape of promising talent in the banking world.  For many institutions, the bulk of investment in development of junior bankers comes in the way of time, training, and identifying future professional paths.  However, junior bankers are also one of the most highly recruited individuals in the banking world because loyalties might not yet be developed and compensation packages aren’t quite exorbitant yet, making them prime targets for outside banks to entice away.

So, what’s a bank to do when it comes to recruiting the right people and retaining existing up-and-comers? Banks looking to acquire and retain top talent need to create strategies, some of which are: 

  • retaining_young_bankersEnsure the right individuals are hired
  •  Respect and trust employees
  •  Allow employees the authority and responsibility to get their jobs done as autonomously as possible
  •  Create a positive environment that fosters loyalty and positive morale
  • Give recognition for achievement and feedback on performance opportunities

What Motivates Junior Bankers?

Every individual is different and determining what is of most value to each banker in the organization will enable upper management to structure their handling of each banker specific to those motivators, increasing the growth of loyalty to the bank and improving the odds of retention of that high value employee.

The motivators that managers use to rank priorities of an individual and subsequently create custom profiles and professional pathways are:

  •          Personal and professional development
  •          Compensation
  •          Flex time and PTO
  •          Added responsibility opportunities and professional challenges
  •          Recognition and Respect
  •          Enjoyable environment, co-workers, and experiences

GSBLSU Helps Your Retention of Junior Bankers

The focused training and professional banking development that takes place in the GSBLSU 3 year program is one that current students and alumni will attest to its value and prestige.  Many junior bankers identify the appointment of attendance at the school as a vote of confidence in ability and a step in the pathway to upper-level banking roles.  It not only reinforces the investment of the bank in the junior level bankers but it also shows active movement along the path to promotion and leadership.

Take the next step in the development of your talented bankers and encourage them to complete an application for the 2015 session of GSBLSU.  The 2015 session dates are May 24 – June 5. The final date to submit an application for the 2015 session is April 16, 2015.  The application can be accessed here and can be completed online or in a printable version as well.

Graduate School of Banking vs MBA

Tags: How to Acquire and Retain Top Banking Professional, How GSBLSU Can Help Your Retention