Don’t let staffing problems hurt your ability to compete
The Covid-19 pandemic brought many challenges for credit unions and community banks over the past few years, including the Great Resignation. This ongoing trend of employees voluntarily leaving their jobs in search of more money, flexibility and satisfaction is expected to continue. People are quitting their jobs in droves. By the end of November 2021, there were about 10.56 million job openings in the United States.
In the wake of this dramatic swing, credit unions and community banks are struggling to hire staff to operate at full capacity, and the problem doesn’t stop there. Despite the labor shortage, regulatory changes are on the horizon and competition for institutions continues to increase. You’re expected to accomplish more, with fewer resources.
While the challenges of the Great Resignation are expected to continue this year and even though 2023, smart credit union and community bank leaders are seeing it as an opportunity to gain a competitive advantage. Maple Street suggests an enlightened approach.
STOP doing what you’re doing
Stop giving your employees tedious work. Give your employees the chance to elevate their skills and do meaningful work by eliminating time-consuming, monotonous tasks, and show them they are valued. Let your risk management employees actually manage risk.
START doing what works
Outsource your program to our team of professionals! Let us do the heavy lifting.
Only Maple Street has the Vendor Advantage System®, which will not only save your team valuable time and eliminate drudge work, but save money too. This complete vendor management system is proven to reduce expenses, improve vendor performance, and manage risk.
The Vendor Advantage System®:
- Guarantees you’ll pass all your exams
- Reduces time involved in obtaining and maintaining all contracts by 80 percent
- Reduces time involved in doing risk assessments, risk ranking, gathering and reviewing vendor due diligence information by 80 percent
- Reduces vendor expense by 25 percent over the next three years
- Implements a vendor performance review process
Stop hiring people that are just going to quit on you. Outsource to Maple Street and get the job done right…the first time! Call 800-513-6839 or email mssales@maplestreetinc.com to find out how we can transform your vendor management from an expense to an expense reduction program.