Overdue Revolution in Community Banking
The idea of empowerment is associated with the notion that we can take control of our lives and create something great. Unfortunately, only a few people think about creating work or taking responsibility for their success in life. People often associate this thinking with introspection and self-reflection rather than action. It’s a reinforcement of an idea society has taught us since childhood:
The Reality of Job Satisfaction
“If everyone were quiet, then there might be room enough.”
Unofficial statistics reveal that only 2% of us would remain in our current jobs if we won the lottery. That suggests the odds are slim for any significant shifts in pride, innovation, or commitment when 98% of us are waiting for the next opportunity to leave.
Imagining a Different Future
At times, it’s hard to imagine a world where, by contrast, 98% of us WOULD stay in our jobs if we won that same lottery. In reality, it seems like such an easy task; but on the other hand, you hear things like, “Why do these things if nobody will ever know better?!”
The Leader’s Burden: No Safety Net
The hardest part about being a leader is that there’s no safety net. You’re on your own, and if things go wrong, people will always blame you for their problems instead of looking in the mirror. Most people wouldn’t like what they see as a result, so they remain quiet!
Taking Responsibility for Your World
It doesn’t have to be so scary—empowering yourself starts with taking responsibility for everything in your world. It means making tough decisions quickly and owning the outcome. Although life may not give us much control at first, we can still move towards creating more balance by moving away from blaming external factors (our boss) or other individuals or groups who might hold some power over us.
Empowerment as a Revolution
In the end, empowerment can become a revolution. It starts with how we live our lives and then changes everything for good, including what it means to be an employee or leader in today’s society.
Some revolutions are long overdue. As community bank CEOs, you have the power to ignite this revolution. Empower your teams by encouraging responsibility and accountability. Create an environment where people feel valued and motivated to stay, even if they have the financial freedom to leave.
Leading by Example
Lead by example. Take bold actions, own your decisions, and show your team that true empowerment comes from within. By doing so, you’ll transform your organization and the lives of those you lead.
Consider how this principle can apply directly to your bank. Imagine a workplace where your employees are so engaged and empowered that they would choose to stay even if they won the lottery. This isn’t just a dream; it’s a tangible goal you can achieve by fostering a culture of empowerment and accountability.
Creating Accountability and Transparency
Encourage your managers to take ownership of their teams and projects. Promote open communication and transparency, ensuring that everyone feels heard and valued. You can create a more resilient and innovative organization by shifting the focus from external blame to internal responsibility.
Let’s start this overdue revolution today and redefine what it means to work and lead in the community banking sector. Empowerment isn’t just a buzzword—it’s the key to unlocking your bank’s full potential and driving lasting success.
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