Pub. 11 2022 Issue 3 23 Josh Heck is Syndeo’s marketing manager. Reach him at jheck@syndeohro.com or at (316) 440-9940. Syndeo is an industry-leading outsourced human resources provider serving banks across Kansas. “Yes, you will be attracting new talent, but you will not be retaining your current talent if all you’re doing is increasing the wage you are offering new employees,” says Connor Cross, Director of HR for Syndeo. “What I would suggest is find an acceptable balance between budgeting for new hires and budgeting for retention activities.” Additionally, consider how offering performance-based incentives and employee-referral bonuses can aid your recruiting and retention efforts. Grow your own The importance of retention isn’t lost on banking leaders. Wareham says Kansas banks also are responding to market changes by re-evaluating their benefits packages and increasing the pay rate for existing employees. Community banks are not only competing for workers with larger financial institutions but also other industries. Many Kansas banks also have the added challenge of being able to recruit people to rural areas and smaller communities. Wareham says that is why retention initiatives are so important. Recent efforts from Kansas banks include an added emphasis on growing employees within an organization. “Banks have learned they need to grow their own talent, especially when you are a rural community bank,” Wareham says. Other efforts are focused on attracting the next generation of banking professionals through internship programs and initiatives aimed at educating high school and college students about career opportunities within the industry. “Rural community banks simply cannot afford not to be proactive,” Wareham says.
RkJQdWJsaXNoZXIy ODQxMjUw