How Productive are Financial Service Employees?
Often productivity eludes the service business. Read below some interesting competitive stats on financial service employees.
What Constitutes Productivity?
Lake Forest, IL (November 10, 2020) Productivity can be measured by the amount of assets an institution has divided by employees per FTE, or full time equivalent. The Moebs Research chart shows banks and thrifts are very similar at $10 Million Assets per FTE. Credit unions (CUs) fall short by 50% at $5M Assets per FTE.
So, are CU employees unproductive?
Do all blond people have blue eyes? Genetically this is not true. The same applies in gaging the output of depository employees, or as Shakespeare said, “All that glisters is not gold.” READ FULL ARTICLE
Written By: m.moebs
Date Posted: 11/10/2020
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