In This Issue…
- Results compiled from OBA bank vaccine survey
- CareerTech looks to partner with banks on apprenticeships
- 2021 versions of banking code, trust books available
- OBA education corner …
Results compiled from OBA bank vaccine survey
The OBA sent out last week a short survey about the COVID vaccine and whether our member banks have, or plan to have, a mandate for their employees.
We wanted to share the results of the non-scientific survey with our members. Here are the results:
(answers | percentage of total answers)
Q1: Does your bank have a COVID vaccine mandate for its employees?
A1: Yes, all employees eligible are required to be vaccinated (1 | 2%)
A2: No, we have no vaccine requirements (50 | 89%)
A3: Yes & no — we require eligible employees to be vaccinated OR they must wear a mask (5 | 9%)
Q2: Do you expect to create a COVID vaccine mandate in the future or require non-vaccinated employees wear masks?
A1: Yes (7 | 17%)
A2: No (35 | 83%)
Q3: Has your bank given vaccine encouragement to employees through tangible benefits, such as extra vacation time, monetary bonuses, etc?
A1: Yes (12 | 24%)
A2: No (39 | 76%)
Q4: What is your bank’s general location?
A1: Oklahoma City metro (13 | 24%)
A2: Tulsa metro (5 | 9%)
A3: Northeast Oklahoma (8 | 15%)
A4: Southeast Oklahoma (14 | 25%)
A5: Southwest Oklahoma (6 | 11%)
A6: Northwest Oklahoma (9 |16%)
Q5: What is your bank’s size, in assets?
A1: Less than $250 million (30 | 55%)
A2: $250-$500 million (13 | 24%)
A3: $500-$750 million (6 | 11%)
A4: More than $750 million (6 | 11%)
CareerTech looks to partner with banks on apprenticeships
The Oklahoma Department of Career and Technology Education would like to partner with banking institutions to support registered apprenticeships for bank tellers and branch managers.
The CareerTech BMITE Division currently has more than 400 programs in high schools and technology centers across the state, with pathways centered around business management and administration, finance, marketing and information technology. The primary goal of this partnership is to help banks increase the qualified applicant pool of the jobs they are looking to fill, by giving them access to the best and brightest students with strong employability skills.
In a recent survey to banking CEOs, more than 60% believed it has become more difficult to hire workers in their industry. They advised that competition is stiff from other industries who are looking for similarly talented workers. Compounding the challenge is the fact financial services do not have the exposure other career choices, such as the tech industries, have among our youth.
Like most industries, the financial services sector has faced a digital transition in recent years, which will continue to evolve with rapidly changing technology. So, why would CareerTech want to support apprenticeships within occupations that may transition much of the workload to a digital system? It believes apprenticeships provide a solid roadmap and a guided transition into the industry. CareerTech administrators explain “this is how to get into a good career, we want to invest in you, and we are going to grow together.”
Each day, new digital systems are formed that require new skill sets. The financial services industry will have to grow the staff to support these new systems. This apprenticeship model will provide a new influx of workers to assist in creating the future financial services framework.
If you are interested in learning more about this recruitment strategy, please contact:
Statewide Work Based Learning Liaison
Oklahoma Dept. of Career and Technology Ed.
1500 West Seventh Avenue
Stillwater, OK 74074
2021 versions of banking code, trust books available
The most recent updates of the banking code, as well as the book on trusts and estates are now available from the OBA.
The Deskbook on Trusts & Estates gives a comprehensive update on several Oklahoma statutes, while the Oklahoma Banking Code is a must for every bank, attorney and CPA.
Click here for more information and to order the Oklahoma Banking Code book.
Click here for more information and to order the Deskbook on Trusts & Estates.
OBA education corner …
We’re officially into the dog days of August! It’s still almost a month until football season and 100-degree temperatures remain to be dodged. But the OBA education department can help you move through the dog days with its online and in-person offerings, including the following:
NOTE: Effective March 16, 2020, and until further notice, TTS (our webinar provider) has extended the OnDemand access period for all ‘Live Plus Five (Days)’ registrants to 60 days (versus five business days). Also, they are waiving the $75 per location fee for additional locations.
- The Right of Setoff, Aug. 17, webinar — Do you know when the right of setoff is allowed and when it isn’t? Do you know if your financial institution has a statutory or contractual right of setoff? Do you understand the financial risks of using your setoff rights incorrectly?
- Opening Trust Accounts, Aug. 24, webinar — This webinar will cover standard trust-opening procedures and many “dos and don’ts” that arise as trusts and account holder situations change.
- 2021 Supervisor Bootcamp, Sept. 8-Tulsa; Sept.9-Oklahoma City — Explore the coaching and leadership skills that lay out your plan for success as a highly effective supervisor in this results-oriented workshop!
Also, the Graduate School of Banking in Madison, Wisconsin, and the Wisconsin School of Business Center for Professional and Executive Development are offering a FREE webinar on Sept. 14 on Inclusion and the Future of Banking. You can read more about this event, as well as register, by clicking here.
Finally, Deluxe invites bankers to their second annual “Unlocking Potential” (UP 2021) conference. UP 2021 is a free, one-day, live, virtual personal and professional development event hosted by Deluxe Women’s Employee Resource Group. Click here for more info, and to register.