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Jan 14, 2015 10:10:00 AM

Does Your Bank Culture Retain Talent?

In this last installment of our three part series about talent, we examine the heart and soul of long-term organizational success – retaining your talent pool. As we discussed in earlier segments, your bank can build competitive advantage and improve the potential for ongoing profitability by attracting and training a quality talent pool.

Recognizing that training your competitor’s work force is not a sustainable business plan, here are the four considerations that should go into building a culture of internal talent development and retention.
 

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Topics: Leadership, Recruiting, Talent

Nov 6, 2014 2:39:00 PM

How Is Your Bank Planning For Executive Retirement?

Executive attrition and the war for talent are enduring themes faced by banks. Even with a trend toward executives continuing to work later in life, and fresh memories of the financial crisis shaking people’s confidence in their ability to retire, banks are faced with figuring out how to attract, train and retain talent.  

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Topics: Leadership, Recruiting, Talent

Jun 25, 2014 10:00:00 AM

Considerations for Board Membership Tenure

Do you want to have one of those awkward board room discussions? If so, bring up the topic of board member term limits. As I type this I can hear my two girls in their high pitch voices saying…awkward! This may be a tough discussion item, but I believe it is one that needs to occur in bank board rooms across the country. Many bank boards are comprised of significant stockholders and community leaders, but often with terms that are reminiscent of US Supreme Court justices.  

I had a conversation recently with a client and they expressed a desire to bring some “new blood” with fresh ideas to the board but don’t have room on the board unless current members retire. That statement may be part of the issue. Often, leaving a board is considered “retiring” and only happens due to mandatory age limits or health reasons. 

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Topics: Board Members, Retirement, Recruiting