TOOLS TO MANAGE TELLER RECRUITMENT AND SELECTION TO REDUCE HIRING RISKS

Banks Invest Significant Time and Money to Acquire Talent 

Banks constantly manage business risks like extending credit, underwriting insurance, selling mortgages, investing their cash utilizing tools and models to set guidelines for their managers.  Yet most financial institutions tolerate a 30%-50% error rate on hiring (defined by turnover). So when it comes to hiring decisions why don’t banks systematically manage their hiring risk like they do in all other aspects of their operation?

Did you know by reducing this error rate by even 10 percentage points would save most banks over $1M in direct costs as well as 5 times that in indirect?

Read this white paper to learn more about managing hiring risks for banks.