Contributor : Tim Reimink
Bank boards understand the value and importance of their data, but there is still a lot to learn.
From the efficiency ratio to customer demographics, the data your bank collects is a common thread and critical tool for your bank’s performance.
Bank executives regularly compare their efficiency ratio to peers and often set strategic goals for reducing it.
How can your bank get employees on board with organizational change?
Don’t overlook the importance of employees in implementing a successful change initiative.
While some issues are of near universal concern among financial services organizations, some concerns vary by size of institution.
A successful merger or acquisition involves more than just finding the right match and negotiating a good deal. As essential as those steps are, effectively integrating the two organizations is equally important—and equally challenging.
Turnover is the highest in at least a decade while banks grow their staff.
As the baby-boomer exodus from the workplace grows in the coming years, many banks will find themselves with a groundswell of leadership positions to fill.
With the challenges financial institutions face these days, it’s no wonder many banking executives are focusing intently on cutting costs and “right-sizing” their operations.