Workforce management
Revenue challenges are driving the Utah bank's plan to reduce expenses, according to CEO Harris Simmons. "I talk to our peers, and everybody's looking for ways to cut costs," he said.
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Frontline staffers are asking for better pay, internal talent development programs and more flexible work environments.
September 13 -
Hybrid working made it easier for some women to pursue a career while balancing family demands but a renewed return-to-office push may reverse some of those gains, a report predicted.
September 11
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Employees across the financial services industry are organizing in the hopes of obtaining better wages and other workplace improvements.
September 6 -
Southwest Financial Credit Union, which led American Banker's Best Credit Unions to Work For, says employees are taking up to 400 hours more off than before its unlimited PTO policy took effect — but they are happier, and so are the members of the branchless credit union.
August 31 -
The job cuts come amid caution about the industry's growth potential in the second half of the year. Some 45,000 positions have been lost in banking and related industries over the last two-plus years.
August 21 -
There has been a recent surge in organizing efforts among credit union employees. To discourage this, leaders should pay workers well, provide good benefits and be accessible.
August 18 -
Unionizing a workplace is an arduous process, meaning that employees who organize are dedicated to change. Executives must seize on these moments to address workers' concerns instead of reacting defensively.
August 18 -
Many institutions are building internal development programs to lower the barriers of entry to more senior roles as aging leaders retire.
August 17 -
Offices impacted are located in Chicago, Cincinnati and Kansas City, a company representative said Wednesday.
August 17
