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:
- Ensure 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
- 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 upcoming session of GSBLSU. Our graduate banking school application can be found here.