BFS Chapter 13

Operations

Operations provides support services such as bookkeeping

Departmentalization

Division of the bank into departments

Customer service representative (CSR)

A Customer Service Representative is a person employed by an organization to serve its customers. CSRs may interact with customers using several channels including the telephone, e-mail, letters and text chat. In the personal/individual banking department

Integrity

steadfast adherence to a strict moral or ethical code

Teller

The most common position at banks (have the most contact with customers). They balance the cash drawer daily by adding deposits and subtracting withdrawals from the opening cash funds. They also process customer transactions (checking and savings deposits

Job description

The formal document that factually and concisely identifies the job, responsibilities, work involved, and education required.

Benefit

Involve matters such as hours of employment and time off for vacation, illness, holidays, and jury duty. Benefits cover health insurance policies and retirement plans.

Telecommuting

Let's employees do some work from home via computer

Merit based employment

selecting the person with the best qualifications for a specific position

Job fair

Public employment events at which banks can present employment opportunities, requirements, and personnel benefits Rona large number of people at one time.

Orientation

Welcomes new employees at the bank and helps them understand it's policies and how it operates.

Performance standard

Performance standards define for both supervisors and employees the expectations for completing ba job's essential functions and tasks

Evaluation form

A form on which employee performance during a given period is rated. In an effort to make their performance evaluations fair and objective, many banks use standardized forms, called evaluation forms, on which to record employee assessments.