New Grouped Tag for Employee Retention

How to Acquire and Retain Top Banking Professionals

Effective leadership is crucial for any bank to succeed, and one of the critical factors that fall under the purview of such oversight is the acquisition and retention of top talent. Ensuring that the right employees are in the correct positions and have the right skill sets is necessary for organizational stability and future security.

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The Journey of Employment Development [INFOGRAPHIC]

Embarking on a successful career is akin to embarking on a transformative journey of personal and professional growth. Just like climbing a ladder, each step towards career excellence takes effort, determination, and guidance. The stages of employment development, ranging from “The Enthusiastic Beginner” to “The Self-Reliant Achiever,” represent an enlightening framework that illuminates the progression of individuals as they evolve in their careers.

Derived from the esteemed “Performance Management” class led by the dynamic instructor, Laura Shreaves, at GSBLSU, these stages of employment development offer profound insights into the milestones every professional traverses on their path to success and help managers better understand how they can better help both their employees and their organizations succeed.

In this infographic, we showcase the transformative journey through these stages of employment development, illustrating the evolution from eager beginners to empowered achievers.

 

 

How Banks Can Retain Top Junior Bankers

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

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