Engaging your employees is critical to the success of the credit union

A recent study, conducted by Cornerstone OnDemand, looked at what motivated US employees to stay at their jobs. They interviewed 494 employed Americans ages 18 and older. The study focused on what would motivate the participants to stay with their employer other than compensation. The employees responded as follows:

  • 48% said a good manager for whom I enjoy working
  • 46% said feeling appreciated by my supervisor or employer
  • 39% said the opportunity to advance my career
  • 38% said a promotion or a new title
  • 32% said opportunity to learn and develop my skills

Credit Unions of all sizes face the challenge of how to keep their top employees to ensure success. Employee engagement issues are not new. The business and regulatory environment is always changing and evolving. In this post-great recession economy, earnings have improved, loan losses declined and there is light at the end of the tunnel. However, nobody cares understands appreciates (ncua) continues to pummel credit unions into the dirt.

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