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

HR Digest

Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work. Wall Street banks are trying to automate as much grunt work as possible to save the younger bankers from feeling overwhelmed. Headcount in the banking industry is likely to get reduced, aided by technology.

Banking 95
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The Bank Account

Tony Mayo

Imagine there is a bank that credits your account each morning with $86,400. For Executives How to Set Goals Goal Setting Personal Goals Planning' It carries over no balance from day to day. Every evening deletes whatever part of the balance you failed to use during the day. What would you do?

Banking 107
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Executive Search Firms in Finance: Unlocking Fiscal Leadership

N2Growth Blog

Every organization has unique dynamics and strategic goals, from investment banks to hedge funds and private equity firms. It is also vital to assess a candidate’s cultural fit and ability to align with its values and goals.

Finance 411
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Measuring Right: Understanding Goodhart’s Law

QAspire

A bank executive once insisted that I do him a favor by getting a free credit card (even when I did not require it). Narrowly defined targets can become proxy of the goal while ignoring several other factors that contribute to accomplishing the real and meaningful outcome. In an organizational context, how do we manage this?

Metrics 122
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Performance Management: How to Give Feedback to a Team Member Who Isn’t Changing

Let's Grow Leaders

You’ve got to be able to take my word and bank on it. It’s important that you achieve all of your goals here, and this is going to prevent that. I know you want to be able to trust me as your leader, as your manager. And I want to have that same relationship with you. Right now, that’s not happening. I want to see you succeed.

Team 437
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Psychological Rewards Could Raise Saving Rates

The Horizons Tracker

Research from City University London suggests that games with psychological goals could make people 20% more likely to reach their saving goals. The study shows that by using elements from games, such as leaderboards, progress bars, and badges, people were more likely to achieve the saving goal they had set for each month.

Long-term 121
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Tips to Apply For a Money Market Account

Strategy Driven

A good money market account is a safe bet for investors, but it is important to consider your financial goals and personal situation before you decide to open one. Here are some: – Make sure you check the bank’s interest rate requirements. Check out the bank’s fees. Know the bank’s requirements.

Marketing 107