Find 2 cost cutting strategies for small banks.

Please conduct a high quality yet short research to find 2 different ways for a small bank (<15 branches) to cut staffing costs. So, the title(part A) will be the same for your 2 results. The other parts (B, C, D) should change. Below is the format which I expect you to deliver your results, anything else will not be accepted. Make sure your 2 results are different than the example in the format. Make sure your findings are accurate and up to date from Google.

***Please note how long this assignment took in total for you to complete and add to your results in the end***

A. Title: Example: Cut Staffing costs (this part stays the same, the rest changes)

B. How: Example: Creating an effective staffing plan

C. Implementation:
Example:
1. Determine your business goals
2. Establish your current people landscape
3. Analyze people patterns
4. Identify staffing and people needs
5.Create a future staffing projection
6.Develop a strong employer brand and workplace culture
7.Review the plan regularly

D. 2 Pros and 2 Cons for Creating an effective staffing plan (part B)
Example:
Cons:
- The items cannot be grouped and ordered at a time since the reorder points occur irregularly.
An example of statistics is listed below
- The Cost of Recruiting
Pros:
1. ROI increases to over 200% in the third year.
2. Reduce time for inventory management by 40%

Now, repeat again for the second way of how to cut Staffing Costs.
About the recuiter
Member since Mar 14, 2020
Zahid Merali
from Nagano, Japan

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