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Planning for the Future at East Coast Bank Paula Mason is one of three new assistant regional managers of East Coast Bank (ECB).
Planning for the Future at East Coast Bank
Paula Mason is one of three new assistant regional managers of East Coast Bank (ECB). Her position was recently created to provide administrative support and advice for the regional manager in charge of the southwest region, Ian Swartz. In their first meeting as a team, Paula and the two other assistant regional managers met with Ian to discuss areas throughout their branches that might be addressed to lower costs and raise profitability. Each of the assistant managers was given different aspects to emphasize, and Paula was asked to focus on ways to reduce labor costs and/or increase labor productivity among employees throughout the eight branches. In part, this was a response to feedback from the branches regarding an increase in recruitment and training expenses, as well as a decrease in employee morale.
Paula's first course of action was to evaluate some direct and indirect labor costs related to turnover and retention, as well as areas of bloated labor (labor surpluses) through the southwest region. Based on her analysis, Paula arrived at the some basic points of information for the branches. First, ECB is organized into several broad regions throughout New Jersey, Pennsylvania, and Delaware. Each region comprises 8 to 12 bank branches. Each branch consists of 4 primary positions: branch managers, assistant managers, loan officers, and tellers/customer service agents. On average, each bank has 1 branch manager, 3 assistant managers, 4 loan officers, and 15 tellers/customer service agents.
Beyond the average staffing levels, Paula was also able to get some information regarding the movement of employees throughout and out of the organization. As shown in the following transition matrix, ECB averages 26% turnover, with turnover among the tellers/customer service agents slightly higher, at 33% and turnover at the assistant manager level the lowest, at 17%.
