Deposit Accounts per Employee

Benchmarking Report

Deposit Accounts per Employee

This PDF report includes benchmarking data (in a visual, chart-based format), a comprehensive KPI definition, characteristics of high performers and technical details on measuring Deposit Accounts per Employee. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.

What is Deposit Accounts per Employee?

The total number of new deposit accounts managed divided by the number of company-wide employees working for the bank at the same point in time.

Why should Deposit Accounts per Employee be measured?

Deposit Accounts per Employee measures the total number of deposit accounts managed by the bank divided by the number of company-wide employees working for the bank at the same point in time. A relatively low value for this metric is typically related to a few common factors, including untargeted marketing and advertising campaigns concerning the bank’s service and product offerings, disinterest by potential customers to deposit their money in certain banks or bank branches, general inefficiencies in deposit account management processes (e.g., lack of clear instructions to customers on what is needed to open a deposit account, an overabundance of customer contacts due to incorrect or missing information/documentation, untimely deposit account statement generations, etc.), and sub-par retail branch banking employee training and performance. Each of these factors can not only frustrate the bank’s current deposit account owners and increase customer attrition, but such factors can also dissuade potential customers from opening one or more deposit accounts with the bank or bank branch.

Download a Sample Deposit Accounts per Employee

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