Hoosier Banker 53 1 Pew Research Center: Majority of Workers who quit a job in 2021 cite low pay, no opportunities for advancement, feeling disrespected (https://pewrsr.ch/3LCV0iw) 2 Forbes: Where to Start in Reskilling the Workforce (https://bit.ly/McKinseyWEFsurvey) 3 Training Magazine: Upskilling and Reskilling for Employee Retention (https:// bit.ly/ReskillRetention) the perfect industry for an upskilling or reskilling program. For example, you employ a hard-working, promising teller. You identify a skills gap in your company and believe this teller has what it takes to fill that need. Your training program will help them learn skills to become a relationship banker, including on-the-job training and online education courses. Instead of hiring a new employee (which is costly), you’re utilizing talent already on hand. If your employee succeeds in this role, you might help them prepare for management responsibilities through increased business management duties and employee oversight. Creating Growth Plans Successful upskilling and reskilling require a plan tailor-made to your business needs. A growth plan for financial service employees can be divided into several stages, including identifying employee needs, setting clear goals and objectives, providing training and development opportunities and regularly reviewing progress. First, you’ll want to assess skills gaps within your company. Which skills do you require to help your company grow? And who on your team might fill those needs? The more specific needs you identify, the more successful you will be. Next, conduct a needs assessment to determine the skills and competencies that employees need to develop in order to fill those gaps. Then, train your employees by upskilling and reskilling. This can be accomplished through online courses, webinars, job shadowing and more. Now it’s time to give your upskilled employees new responsibilities and move your reskilled employees to new roles. Continue to track their progress and provide them with feedback and more training regularly. The job market and business landscape are continuously changing, and new technologies and processes are being introduced every day. It is crucial for employees to stay adaptable and flexible to meet these new challenges. Upskilling and reskilling enable employees to develop new skills and competencies, making them better equipped to tackle new challenges as they arise. Upskilling and reskilling employees has also become essential for organizations to remain competitive and relevant in today’s fast-paced and ever-changing world. It is crucial for organizations to invest in the professional development of employees to ensure they remain adaptable, productive and satisfied. By doing so, organizations can reap the benefits of a skilled and engaged workforce, which can lead to improved customer satisfaction, innovation and profitability. HB Data-Driven Strategy for Today’s Banker With increasing competition for deposits and market volatility, banks and thrifts are looking for ways to better analyze branch footprints and untapped markets. In addition to the most recent release of Summary of Deposit data by the FDIC, our tools allow for a quick, yet comprehensive analysis of vital competitor data. – Deposit Market Share — National and Regional level – Branch Map – Branch Market Overlap Analysis Application – Pre-built Excel Templates for Branch Market Analysis – U.S. Bank Branch Data Feeds spglobal.com/'××麧æ-Summary-of-Deposits
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