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Banks of all sizes are dealing with a difficult challenge: employee turnover at an unprecedented rate. Employees and executives of all levels are rethinking their career goals and evaluating work-life balance. To address this challenge, banks need to ensure they have the best retention and compensation strategies in place to keep the right leaders today but also build, develop and keep a pipeline of future leaders to meet long-term goals.
In this session, we discuss what different banks are doing to set them themselves up for success in the future, including: enhancing culture and investing in diversity, equity and inclusion programs; reviewing and implementing appropriate and differentiating compensation plans; and being proactive about succession planning and identifying and developing future leaders