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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work.

Banking 95
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Could HR be the most data driven function?

HR Digest

If you analyze functions like finance, IT, and marketing you will find common drivers of success. For instance, by designing an effective recruitment and reward system, HR can directly decrease attrition and increase the revenue of the company by saving the cost of training new hires. Talent Management. Hiring Efficiency.

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Study: Smaller Teams Perform Better Than Bigger Teams

HR Digest

Cross-functional teams do better than specialist groups—counterintuitively, this holds even when the specialist group are finance professionals. SJTs also reduce attrition rates. The distance between the individual and the commercial reality is a crucial predictor of effective or ineffective practice.

Team 69
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The Disconnect that Keeps Your Company from Performing at its Peak

Strategy Driven

Typically, Finance, Marketing, and Operations all have input, direct or indirect, on the creation and revision of the strategic plan. But that familiarity carries a steep cost: slow growth, missed targets, attrition, and unfulfilled potential. I call this obstacle The Disconnect. Sales often have no such contribution.

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Recommended Resource – The No Asshole Rule

Strategy Driven

We believe workplace hostility is a leading contributor of diminished moral, reduced productivity, and elevated attrition; all of which poison an organization’s culture and hurt its bottom line. Recommended Resource – Finance Without Fear. See StrategyDriven ‘s Diversity and Inclusion topic area.)

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The Boomers are Leaving! – How to Create and Implement a Knowledge.

Strategy Driven

What is the historic attrition and turnover rate and how do these map to the skills that keep you competitive? Gina has covered a wide range of business topics that include keeping Boomer skills in the workplace, teaching finance to non-finance professionals, and growth and change in urban and suburban business clients.

How To 72
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The Boomers are Leaving! – How to Create and Implement a Knowledge.

Strategy Driven

Quantitative measures, such as attrition data, employee performance data, and program attendance rates give you the numbers you may need to defend your program to executives. Evaluation: Managers who skip the evaluation phase may discover their program loses relevance if they don’t check in from time to time. Petersburg, Florida.

How To 62