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Archive for May, 2013

Every year, especially around summer time, numerous movie sequels emerge.  Sometimes sequels are good, great even… (every Rocky movie except for that weird one where Rocky’s son becomes the focus).  But sometimes sequels are downright failures, and may even reflect badly on the first one, making it less liked.  You may be asking yourself what in the world a movie sequel and banking have to do with each other. Don’t worry, I’m getting there 🙂 .  I’m talking about quality, how to go about finding it and delivering it, whether that be pertaining to a quality candidate or movie.    Sequels that just don’t measure up typically have a few things in common; they’re badly written, thrown together, and made simply to make money.  People see a name like Die Hard and flock to the theaters to fork over 10 bucks.  Movie producers know this, and they (sometimes) make the decision to not spend time and money to make a good film. (Die Hard 5 for example… *cough* *cough*)  People will go to see a movie based solely on name recognition.  The Hangover 3 has TERRIBLE reviews, from movie-goers and critics alike, yet still earned $42.4 million in its first week, simply because the first film was so well liked.  Until people stop paying to see subpar, unoriginal movies the vicious cycle will remain.  Now, you may be saying to yourself, “so what? It’s a $10, 2 hour mistake.”  And to that I would say that you are absolutely right.  Wasting a little time and money is not a big deal in the grand scheme of things.  However, this kind of mentality is detrimental—especially when it comes to hiring employees.  Just as people will still go see a movie even though it has a 21% rating on rottentomatoes.com, ( Again, talking about The Hangover 3 ), some hiring managers will hire a candidate despite the warning signs of a bad hire—bad reviews, job hopping, being fired numerous times, etc.—because it is easier and cheaper to do so.  Going to see a bad movie is a tiny mistake that may make you angry for the rest of the day, but hiring the wrong employee is a huge mistake that may take months or years to rectify.  It may be faster, easier, and cheaper to hire Joshua Jackson (you know, Pacey, the sensitive and loyal side-kick from the hit 90’s show Dawson’s Creek) to play Batman instead of Christian Bale, but Batman fans would have picketed the theaters.  (Believe it or not, before Bale was cast, Jackson actually was considered for the role.)  Anyway—as we all know making a decision to hire someone is a process and should always be thoroughly examined and thought out.

P.S. As we also all know The Mummy 3 is the worst movie sequel (three-quel, whatever) ever made in history.  It has a 13% rating on rottentomatoes.com. I’m telling you. Worst. Movie. Ever.

Thoughts, opinions, arguments?  Thanks for reading, and Let’s Talk!  -Rachael

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Banks seem to be the last of their kind when it comes to doing business the old-fashioned way.  We now have the e-reader; whether it be the kindle, nook, basically any tablet of any kind, or any smart phone, you can purchase, read, and sample books digitally.  Book stores exist, but many have either closed or consolidated.  Really, how often do you see a family owned book store?  The big chains have survived, (for now), but you have to remember, they do not solely sell books.  They have games, novelty items, stuffed animals, coffee and treats, and of course, e-readers that are sold there.  Remember the days of browsing aisles and picking out a VHS tape?  The concept is almost laughable now, in this time of Netflix, RedBox, and every other streaming video option now available. Heck, even recent technologies are going by the wayside, such as DVDs & Blu-Rays, due to streaming capabilities.  Video stores still exist, but they are few and far between.   As we all know, technology is constantly advancing and affecting our way of life.  Whether you’re happy about it or not, the world is going digital, even the banking world.

It is now possible to cash your checks at Wells Fargo by downloading an app and taking a picture of the check with your smart phone.  (We’ve all seen the commercials.)  Recently, PNC announced its plan to close 200 branches.  According to several media outlets, the general statement from PNC about these changes can be summed up by saying that the way customers are choosing to bank is changing, and that PNC is trying to change with them.  Large banks are not the only ones downsizing their branches.  Smaller, community banks seem to be following the same path.  Many banks now allow customers to open checking accounts, savings accounts, and loan applications online.

Some changes being tested/ considered by the big banks, (JP Morgan Chase, PNC, Bank of America, etc.) include:

  • 1.       24/7 teller machines with video to a live person
  • 2.       Self-serve kiosks & drive thru lanes
  • 3.       Going paperless, not just with statements, but getting rid of the need for paper checks, deposit slips, etc.
  • 4.       Having instant debit cards available (instead of having to wait the usual 1-2 weeks)
  • 5.       An alternative to a debit card—a sticker with some kind of bar code that could be used to purchase items— as well as the ability to purchase items using apps available through a phone or tablet.

 

Most banks are encouraging customers to make the switch and use digital means when it comes to everyday banking.  Less branches means less employees to pay, less electricity to run, less rent to pay…the list goes on and on.  In theory, banks could save a fortune by decreasing, or even eventually eliminating branches altogether.  However, there may be some necessary aspects of branch banking that some overlook.  What about safe deposit boxes? Great Aunt Thelma’s precious jewels certainly cannot be locked down and kept safe digitally. (Well, who knows, maybe that technology will exist someday…)  And what about cashier’s checks, money orders, loan closings? Will we reach a point when these aspects of banking can be taken care of via the internet? Most likely, but I think we’re still a ways off from that day.   Additionally, there are always going to be people who want the branch experience.  Perhaps because of this, branches will always exist, but certainly not in the way they do now.

(You can find this information anywhere, but most of the new technology facts in this entry were taken from www.bankrate.com)

Thanks for reading and Let’s Talk! – Rachael

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