How Top 5% Banks Drive NIM Through the Roof—Without Raising Rates [VIDEO]
Net interest margin is under pressure—and if your bank is still waiting on rate changes to save your profitability, you’re already behind. In this sharp, no-fluff...
Something’s gotta give. New research shows that employees are exhausted to the core. The stresses of the workplace are so far beyond the good ol’ days. Remember when we used to take lunches together every day off site? Me neither. Well, it’s been a long time, anyway.
And trends have a way of, well…trending. The load isn’t likely to lighten anytime soon.
As a leader, how do you help keep your people sane and continue performance breakthroughs?
Start by getting rid of the pointless obligations that cost time and effort without producing results. I call this a radical obligectomy, and it’s a do-it-yourself operation. Start by making not a “to-do” list, but a “get rid of” list. Better yet, get your people thinking of their own “get rid of” lists.
Giving your people permission to slash and burn anything that isn’t getting new customers or making the experience great for a customer helps to keep them focused externally. In a world where organizations constantly shift back to the internal minutiae of spreadsheets, unnecessary reports, unnecessary meetings, and frivolous projects that don’t fit the strategies, or 27 steps when three would do…well, that’s when it’s time for spring cleaning, no matter what season it is.
Just make sure they’re clear that you’re in business to constantly upgrade the quality of your customers, to find new ones, and to take great care of ones you have. Those things never get cut.
Net interest margin is under pressure—and if your bank is still waiting on rate changes to save your profitability, you’re already behind. In this sharp, no-fluff...
Bankers, let me ask you a brutal but necessary question:Why are you still playing checkers while the top-performing banks are playing 4D chess with deposit growth? If...
Do you agree that high quality customers love high quality attention? Let's explore how you can transform your safety and profitability by creating the kind of...
What if you can use extreme differentiation to get 150 basis points or more on the loan side and improve your deposit pricing at the same time? If you're the kind of...
You deserve to get paid more. Rate matching is the most destructive force in community banking today. And because of it, as a community bank, you are underpaid for the...
Does every team member on your team know how they tie to profit? I mean really know? When a study published in Businessweek revealed they had asked 6,000 employees, "Do...
Everyone has patterns of disbelief. Some people believe that in politics, there is one side or the other, and they're unwilling to look at the alternative. Still others...
I hear the same thing everywhere I go—"We need to build an accountability culture!" Great idea, right? But here’s the problem: we’ve been saying this for decades, and...
I have a book that I love—a book I read a couple of times last year and still reference often. It’s called Intelligent Thinking—which, let’s be honest, sounds like a...
Are you still working off a to-do list? Well, I’ve got a suggestion for you: throw that list out—and do it now! Not all tasks are created equal, and that's a big reason...