Deposit Growth Without Begging or Discounting—Here’s How the Top 1% of Banks Do It [VIDEO]
Why paying for deposits destroys margin—and how elite banks grow core deposits without rate gimmicks.
We’ve all played the game of Telephone. The leader shares a comment with one person, and the idea is whispered around the room. By the time the last person shares what they heard, everyone roars at how distorted the info is.
And so goes the onboarding of new employees.
To protect the sanctity of your vision, values, standards, and other key information, consider an automated process on your Intranet. Here are a few ideas of what could be included:
Most importantly, make sure your new employee orientation is trainee-based, not trainer-based. In other words, the person accountable to learn the information is the individual being trained. If they are confused, they need to know that they must pursue all answers so they can be held accountable for knowing the material quickly.
You’ll still want some face time with your new people to engage them, but this system will allow for a streamlined process.
Why paying for deposits destroys margin—and how elite banks grow core deposits without rate gimmicks.
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