Since we are past bonuses being paid, has there been an up tick performers resigning. Believe this will be an on-going issue impacting everyone left as well as ability to generate revenues. Thoughts?
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I’m a top performer and earned TPA (before they took that away in addition to so many other benefits). I am actively looking and cannot wait for the day to be able to give my resignation
@5wto+1rM146zX tells you all you need to know about how this bank currently is operating. Worse part is no one in executive leadership seems to care. I hope the BOD takes action soon but I don’t expect it. And no I don’t think Beau is the answer. We need dynamic younger leadership who can communicate with employees, customers and the stockholders.
There is clearly no interest in maintaining the Community Bank segment. I left about 6 months ago and I cannot believe how many clients are calling me at my new bank, looking for a new bank. Beyond my wildest expectations...These are good/solid /long term clients and they are literally being treated like trash - a different person every couple of weeks assigned to them (because the exodus of talent from Truist is that rapid), no relationship with the bank, being told that the bank doesn't want to renew their loans at maturity, and so on and so on. I'm even getting Great referrals from my former Truist colleagues still stuck at Truist . They care about helping the clients by referring them OUT of the bank. THANK YOU Truist - I am going to be a Superstar at my new Bank with all the great business!
The fact that David Weaver didn’t save Libbie tells you everything you would ever need to know about him.
The fact Weaver has survived under Rogers tells you all you need to know. Lesher will likely send him to retirement and if she is as smart as purported Jenna will be right behind him. Then she can begin purging all the rot in her organization.
I check Linked In weekly to see who else has left. Personally I jumped ship over 2 years ago when it became obvious what Bill Rogers and Joe Thompson had in mind for dismantling the Wealth Division. It’s now clear that that plan was for the entire bank. “Bigger is better…Huge and inefficient is Best” Good talent has run for the doors. The beneficiaries are the community banks, regional banks and Brokerages.
People are resigning left, right, and center across the COMMUNITY bank. David Weaver is getting exactly what he deserves. I love it!
Problems:
#1. Consultants who have never run anything hired to give advice
#2 the misguided thought that you can outrun your problems by growing your way out of them.
#3. No mandatory retirement age. Too much deadwood hanging onto high salaries.
#4. Weak executive leadership
Seeing all these banks having so many issues is disturbing. I’m glad I don’t bank at any of them.
But I do feel for the workers. It’s not their fault, in this industry or any, that so many poor decisions are being made to mess up people’s life’s. AI and over seas will not remedy anything. Long term it will destroy everything.
I’m tendering notice on Monday.
Too 10 in my division
I remember when we’d do a trip for top performers
Peace out
Yes there has been particularly in community banking. The good ones are leaving and so are clients. All the potential replacements were riffed. No bench strength left. Only people too replace those leaving are complete incompetents. Welcome to the new SunTruist where no one knows what the plan is and management only cares to protect themselves. It is a circular firing squad.