What is a Performance Improvement Plan?

| Category: Performance Improvement Plan (PIP).

Now a coach/mentor can initiate a performance improvement plan( PIP) in Profit.co.Once the coach/ mentor initiates a performance improvement plan, the user will get a notification in the Action Center. Note: Super users can add a coach/mentor by adding the user’s name in the mentor board before initiating the plan. Why this feature? The Performance… Read more

How do I award my peers?

| Category: Engagement.

Anyone has the ability to give awards in Profit. To award someone, navigate to your News Feed page. To do so, Go to Home→ News Feed. In your News Feed, you’ll find mentions, check-ins, and other updates from company employees on the right side of the webpage. You can organize your updates by any of… Read more

How do I view awards given by my team members?

| Category: Engagement.

Profit.co allows you to reward your employees with regards to their performance in the organization. The idea behind this is that the employees will get motivated when their efforts are recognized, Consequently encouraging them to perform better. Why this Feature? Using this feature the users can view awards given by team members to others in… Read more

How do I view awards given by me?

| Category: Engagement.

Profit.co provides an option to view the awards that you have given to others. Why this Feature? By using this feature users can view all the awards granted by them via My Awards: Given view under the engagement tab. All the Awards given by the users are listed under Award history in chronological order. To… Read more

How do I view awards that I’ve received?

| Category: Engagement.

Profit.co provides an option to view the awards that you have received. Why this feature? Receiving awards in an organization boosts morale and encourages employees to perform better. By using this feature, users can view all the awards received by them under the CFR tab. All the Awards received by the users are chronologically listed… Read more

Growing Consumer Lending

Growing Consumer Lending

| Category: Banking, Industries.

According to Pablo Sanchez, the regional head of retail banking and wealth management at HSBC, the unsecured personal loan market in the U.S. is increasing by 20% each year. There are millions of consumers who need loans for a variety of reasons including expenses, home improvement, and debt consolidation. By the end of 2020, unsecured… Read more

Improving Teller Operations

Improving Teller Operations

| Category: Banking, Industries.

Frontline banking employees like tellers are large determinants of customer loyalty, customer retention, and the organization’s corporate image. Not only are tellers more visible and have more contact with clients, but they also determine the speed and quality of most bank product deliveries. The teller is the primary conduit between customers and the money they… Read more

Growing Credit Cards

Growing Credit Cards

| Category: Banking, Industries.

According to a Federal Reserve report from 2018, the top ten card issuers held over 85% of outstanding credit card balances in the U.S. Collectively, American consumers were reportedly juggling $1.08 trillion in debt in 2019. There’s no doubt that the credit card industry is extremely lucrative, but it’s currently dominated by only a handful… Read more

Top 4 ways OKRs can be used by HR Department

What are the approaches to choosing your OKR levels?

| Category: OKR Management.

TL;DR OKRs can be set at four levels: Corporate, Department, Team, and Individual. Most organizations start simple with 2 levels (Corporate + Department) to avoid complexity, then expand to Team and occasionally Individual as maturity grows. There are five rollout approaches: Get a feel (corporate-only), Department-centric, Individual-centric, Department + Individual (as needed), and Cross-functional initiatives…. Read more

Improving Branch Performance

Improving Branch Performance

| Category: Banking, Industries.

With the advancement of digital technology and the increasing number of channel options, traditional branch locations are struggling. However, brick and mortar branches have long been a foundation of the banking industry and can offer a personalized and efficient experience for customers. Branches need to do their best to keep up with the evolving environment… Read more

Growing Financial Advisory

Growing Financial Advisory & Investments Service

| Category: Banking, Industries.

Wealth management is facing significant disruption on two fronts – digital transformation and customer experience. To effectively succeed in this environment, understanding client’s demographics and expectations is essential. The median age of High-Net-Worth Individuals(HNWI) is skewing younger, with millennials demanding hyper-personalization, an omnichannel experience, and niche portfolios like sustainable investing. To successfully manage these challenges,… Read more

Top 4 ways OKRs can be used by HR Department

When and how do you automate check ins?

| Category: OKR Management.

Check-ins are an integral part of the OKR process. Profit.co has distinctly designed the OKR software with an automated check-ins option that would help you glide through the OKR process smoothly and easily. Most often check-ins are simply considered as a process to update the key result’s progress value. But it is more than that,… Read more