Banking consultant advises bankers over poaching

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The culture of aggressively recruiting talented employees from competitors also known as poaching in the banking sector, is expected to continue despite the ongoing crisis in the industry.

That is the assertion of Banking Consultant Nana Otuo Acheampong.

With as many as 15 banks still striving to meet the deadline for the Central Bank’s minimum capital requirement of 400 million Cedis, a number of them are also expected to recruit employees of their competitors in order to strengthen their position.

But speaking to Citi Business News on the subject of poaching, Nana Otuo Acheampong said, banking professionals should be circumspect in the job offers they accept as a result of the current crisis.

“The practice of poaching will still be there, but the advice I will give to the staff is that they shouldn’t think once or twice, but three times and deeply before they move. Money shouldn’t be the ultimate consideration.”

He asked young banking professionals to develop themselves before moving across or up the career ladder.

“In majority of the cases our young ones, after getting one or two years of experience feel they are at the height of their careers and therefore decide to move when companies come with better offers. They sometimes end up finding out that the situation at the new place is worse than their former work place. So money should not be the ultimate reason for a move. People should consider other things as well.”

Source: citibusinessnews.com