Contrary to national trends, Legacy Bank executive branch leaders are seeing the payoff of bucking today’s average employee tenure rate. In a recent announcement, Legacy Bank promoted twelve employees in which the median tenure was 8 years; almost double the 4.2 years reported by the Bureau of Labor Statistics.
“We value our staff as much as our customers,” commented Andrew Trainor Regional President of Legacy Bank. “Employee loyalty is part of our culture and it is at the core of what makes Legacy Bank such a personable banking experience.”
Legacy Bank conducts a highly disciplined promotional process in which candidates must represent both the necessary and soft skills to execute their role, demonstrate the ability to manage feedback effectively while exhibiting initiative and professionalism.
“While turnover in today’s society is fairly common, Legacy Bank has been able to recruit, retain, and celebrate our employee development,” added Trainor. “Providing crisp definitions of employee expectations and the skill required to perform duties makes promotion not only achievable, but desired.”
Significant promotions within Legacy Bank are reviewed by a promotions counsel that consists of members of the Board of Directors.
“Our employees are doing their life’s work for our company. Their time, talent and efforts should be recognized when they have labored diligently to reach our mission on an ongoing basis,” remarked Trainor.
The twelve promoted employees represent all seven markets served by Legacy Bank.
National information on employee tenure is routinely gathered from the Current Population Survey (CPS) through supplemental questions gathered every 2 years since 1996. The median number of years that wage and salary workers have been with their current employer has continued to decline in recent years. The most current data collected in January 2016 was 4.2 years, down from 4.6 years in January 2014, according to the U.S. Bureau of Labor Statistics.