"The Great Resignation" is a true phenomenon that every credit industry has witnessed over the past year. Current figures reveal that one-third of new hires resign within six months.
There might be a lot of problems with your current staff development process. For starters, as a credit manager you may be overburdening your staff with transactional work but rarely include a well-defined growth strategy for them.
As a credit manager, you may not have the authority or budget to keep your employees satisfied but be aware of what your competitors might have. It is also your job to explore the hazards and options with management if they neglect this scenario.
Watch this course on The Great Resignation by our industry expert Robert Schultz and learn how to arrest the situation.
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