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Hiring from larger institutions can be a big boon to community banks but can also prove a hindrance if the cultural fit isn’t there.
In times of economic dislocation and layoffs, managers need to manage the anxiety of their employees with honesty and confidence to keep the company moving forward.
Size makes all the difference in the way in which banks manage their infrastructure.
As layoffs accelerate in the financial services industry, unemployed bankers face the question: what to do next? The answer is not always obvious.
Lacking financial incentives, banks are trying to keep their best employees by using more creative incentives such as executive mentoring and Web-based training.
Before initiating across-the-board layoffs to cut expenses, banks should consider alternatives such as part-time staffing models.