Thread regarding Wells Fargo & Co. layoffs

Referrals, referrals, referrals

How many referrals this week? How many referrals last month? How many referrals from tellers? From bankers?

Referrals. That seems to be retail banking's new motto. Referrals to premier bankers, to financial advisors, mortgage consultants, business. All customers can benefit from a referral; just get their consent or anything resembling consent. Branch and district managers are active at getting everyone in line. A team member is not producing enough referrals? That's a reason for concern--management needs to coach, needs to shadow, to document "opportunities". Individual metrics are reviewed, barely, some of them never because management skips over to get to referral numbers.

I understan this is important, but is the most important matter, or the one deserting most of the efforts?

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Post ID: @OP+1rkJH0Ay

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Our department was under constant pressure to refer/route agency customer business to an internal desk in NY even when the numbers showed our customers were far better off when their business was not routed to the internal desk. We could present hard data that the internal desk was exploiting our customers rather than doing what was right for them. Management eventually took it out of our hands and started routing 95% of that business automatically.

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Post ID: @2vzy+1rkJH0Ay

This is pure gold for the EEOC keep it up

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Post ID: @1prm+1rkJH0Ay

It sounds like sales goals again to me

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Post ID: @uof+1rkJH0Ay

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