STAND OUT


MBA endorsed partner BankTalentHQ offers these strategic actions to follow for talent recruitment.


    


    


   


    


   


   


   


    


Your benefit plan and your opportunities for growth may be significant. Do you have a formal compensation structure in place? For example, do you have in your compensation structure a teller trainee, a teller, a teller I, a teller II? Development opportunities could consist of a certified professional teller program that includes additional compensation and recognition. Te compensation structure is a combination of performance milestones, as well as training and development milestones.


I find banking is very rich when it comes to total rewards through benefit plans, compensation, training and development, 401K matches and flexible spending accounts. Identify every component of total rewards that you offer and then assign a value to that so you can use that in your advertising to differentiate.


Consider featuring employees on your website or social media to talk about their roles at the bank and why they enjoy being part of the bank. Show your participation in volunteer activities in your community. All those things that make you unique as an employer help people envision themselves being a part of your bank.


For your current employees, how do you keep them motivated and from facing burnout? Employee engagement is critical. We know that about 80% of people who are highly engaged are less likely to leave, so you need to have strategies in place to keep people engaged.


I see three things that really have a meaningful impact on employee engagement. One is meaningful work. People have to understand the impact of their work. Help them to see the meaningfulness of their roles and how it contributes to the bank as a whole.


Another component is opportunities to learn and grow. Training and development are critical when it comes to engagement. An employee feels appreciated and valued when their bank wants to invest in their professional development.


16 mobankers.com


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