Banking Awards Is a Great Way to Recognize Employees

 

The objective of this global banking and finance review is to collect quantitative and qualitative information from various private banking institutions in order to provide a credible selection of global awards for excellence. Banks that receive global awards are judged on a wide range of criteria including service, products, innovation and the culture they instill in their respective communities. To ensure accuracy of our reviews we use a standard set of metrics for evaluation. This is a concise description of each of the five categories of global awards used throughout our bank-worthiness evaluations:

Banking Awards - The main objective of this global banking and finance awards is to assess banks based on a range of metrics. We ask banks to provide an overall 'Best Performance' in each category of our judging criteria, as well as individual performances in key performance areas. Banks can improve significantly on their weaknesses by focusing on reducing weaknesses in one or two areas and increasing strengths in other areas. Our 'Best Performance' indicators reflect the proportion of positive results for the four key areas of performance that we evaluate.

Overall Scorecard and Measurement Approach - In addition to providing quantitative analysis of specific areas of performance, the global banking industry should be analyzed through a subjective, analytical approach using data from both internal and external sources. Both internal and external data will need to be collected and analyzed to provide an objective assessment of each of the categories of performance used in our Banking Awards. The overall scorecard is an important element of this process, as it provides banks with an overall picture of performance. This is an essential step in preparing for future award presentations and helping recipients understand why they are being given awards.

Selection and Evaluation of Banks and Broker Companies - Banks and broker firms have several options available for evaluation before our awards process begins. For example, we might assess banks based on their past performance against a variety of metrics, including profit and loss, return on equity, capital gains, and other financial metrics. We could also look at the types of financial products that each bank offers. These are just some of the areas that we might want to take into account.

After selecting the top performers, we'll next determine the order of presentation. In the US, for example, our award judging process occurs in two separate steps. First, the names of the winning bank or firm are called out. Then, the recipients are revealed. At the end of the awards ceremony, recipients receive one of three extraordinary banking awards, presented below.

Executive Awards - Winners are presented with an executive diamond business watch. These are awarded for those who have excelled both in their personal and work lives. The awardees are then given another chance at a similar venture if they qualify for an executive retirement-networking opportunity sponsored by our company. The grand prize could be a trip to a resort as a guest of honor, or a membership in our company's club.

Marketing Awards - Winners will receive a marketing award for their efforts in the community. There are several marketing-oriented ceremonies held annually to recognize exemplary recipients, among them the Marketing Awards Ceremony held annually in April. Winners are generally industry leaders. Marketing-oriented awards also recognize creativity. Some of these include the Banking Awards Ceremony, which recognizes outstanding contributions in business; the Marketing Awards Gala, which is for the best industry-related marketing in the previous year; or the Business Development Awards, which are given to those whose contributions helped make the business more profitable.

Corporate Awards & Parties - Winners can receive a variety of corporate gifts in addition to a bankable product. These may be presented at a shareholders' meeting, a retirement party, an advertising campaign, a seminar, a conference, a panel discussion, a workshop, a networking event, or a luncheon. These can be tailored to fit the interests of the recipient and his/her professional goals. For example, if the recipient is striving to become a CFO, a Marketing Awards Ceremony might be a great way to encourage him/her to take this goal on. Other corporate awards can be in the business field, such as recognizing outstanding sales or services, or naming a facility.



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