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The Power of Trust in Bank and Credit Union Strategic Planning
Master trust in your bank and credit union strategic planning session via communication, relationships and more using this On The Mark Strategies article.
Read MoreThe financial industry is undergoing a period of significant change. More and more young people are flooding the workforce…and they don’t have the same characteristics as older team members. Institutions need leaders who can effectively manage this new multigenerational workforce.
And that’s where bank and credit union leadership training comes in!
Effective bank and credit union leadership training equips leaders with the skills and knowledge they need to motivate, inspire and develop talent across generations. By understanding the different generational cohorts that make up today's workforce, leaders can create a more inclusive and productive work environment.
Here's a closer look at how to lead different generations in the financial industry:
Gen Xers (born between 1965 and 1980) are known for their independence, work ethic and self-reliance. They value work-life balance and appreciate a direct communication style. When leading Gen X, consider these desires:
Millennials (born between 1981 and 1996) make up 35% of the labor market (the largest generation in the workforce today). They are digital natives, value purpose in their work and seek opportunities to collaborate. When leading Millennials, focus on:
Gen Z (born between 1997 and 2012) is the newest generation to enter the workforce. They are entrepreneurial, socially conscious and tech-savvy. When leading Gen Z, think about these three factors:
By understanding the different generational cohorts, bank and credit union leaders can create a more engaged workforce. Bank and credit union leadership training programs play a vital role in equipping leaders with the skills they need to bridge the generational gap and foster a culture of innovation.
Bank and credit union leadership training is an investment in the future of your institution. Developing strong leaders creates a more engaged and productive workforce. It also builds your bench, ensuring the institution’s viability long after the current leaders are gone.
Are you ready to form a new generation (or two) of leaders? Book a free consultation with On The Mark Strategies and put together your custom curriculum today.