How Training Bankers Can Save Main Street

A CFO asks a CEO, "What happens if we invest all of this money in training and people leave?" The CEO replies, "What happens if we don’t and they stay?"

With major conglomerates like Walmart, Google, Apple and Facebook trying to move into the banking space, many are left wondering – how can smaller, regional banks compete?  

Community banks support the local mom and pop shops that give character to our towns and cities. It’s crucial that community banks invest in training, in order to pass on the necessary knowledge that small businesses need to survive in this economy.

Progressive bankers work to educate and develop good borrowers and prospects.  When the education process is ongoing, the result is a more successful borrower, a stronger loan portfolio, and a common basis of communication and understanding between the banker and borrower.

Below is an example of this from Accenture on how investing in training is becoming more and more popular in the US because of the increasingly high ROI that it provides. 

Infographic from Accenture

Infographic from Accenture