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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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Are Career Interruptions As Harmful For Senior Employees As For Junior Ones?

The Horizons Tracker

New research from UC Berkeley, Haas School of Business explores the resilience of bank employees in the wake of the Lehman Brothers bankruptcy. The study analyzes the fortunes of 14,536 employees at the bank as of January 2008, including their education, skills, and demographics. Uneven split. Avoiding the blame.

Career 128
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3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

A Resistant Culture. People may be partial to the bank’s existing way of doing things, especially for major tasks like financial analysis and reporting. They might be intimidated by the new software, as this will be their first time to see robotics and machine learning applied in banking processes.

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Brands, Leadership and the Climate Crisis

Great Leadership By Dan

Indeed, the Governor of the Bank of England, memorably declared a few months ago that “firms ignoring the climate crisis will go bankrupt”. XR use nonviolent resistance to protest against climate breakdown, biodiversity loss, and the risk of human extinction and ecological collapse.

Crisis 290
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Black Entrepreneurship In The United States

The Horizons Tracker

I’ve written previously about the poor state of female entrepreneurship , so it’s interesting to see a new report from the University of Nevada, Las Vegas, on the current state of Black entrepreneurship in the United States, and in particular, strategies banks can deploy to improve matters.

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The Value of Value Chain Analysis in Transforming Your Business

N2Growth Blog

People are less likely to resist any recommendations for dramatic change in their area of the business, if it comes in an objective, non-threatening way. So, value chain analysis makes a nice centerpiece to your transformation effort.

Analysis 270
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Stocking Your Relationship Improvement Toolbox

Lead Change Blog

Stephen Covey, in his book, The 7 Habits of Highly Effective People , introduced the concept of the emotional bank account. He said positive things feed our emotional bank account while negative things make withdrawals. Feed The Emotional Bank Account – We divided the full project into smaller work groups to simplify the context.

Banking 150