With the entrepreneurial nature of the lending space, retention of employees is a common challenge that continues to affect businesses. Showing real growth potential and reviewing employee's remuneration at more regular intervals is a strategy to mitigate attrition.
As the broker market share consistently grows YoY, lenders are investing heavily in their proprietary channels. Furthering the gap in salary alignments between broking and banking ensures, less and less operational and front-line lenders are open to making the move.
With the industry on the brink of mass consolidation, smaller brokerages find themselves at a crossroads: scale up or sell off. We’re fortunate enough to live behind the curtain and facilitate both scale ups and mergers.
