Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BANK ONE -- Ignore unavailable to you. Want to Upgrade?

To: Epics who wrote (290)	2/9/2000 8:36:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 466

"Performance Enhancement Initiative Launched: Bank One has introduced a corporate-wide Performance Enhancement Planning Program, designed to improve the company's bottom line through expense management. The bank will examine staffing throughout the organization, reduce management layers and cut expenses. The program will be directed by Barbara Murphy and be overseen by a steering committee made up of Verne Istock, Dave Bolger, Tim Moen and Bob Rosholt. The program has two key initiatives: Implementing several "quick-hit" projects and establishing a longer-term benchmarking process that will compare the bank's performance metrics against those of competing financial institutions. The quick hits include the following: Examining management layers and spans-of-control within lines of business and staff units. Developing an inventory of staff functions, clarifying roles and responsibilities and eliminating redundancies. Creating an inventory of staffing models, identifying over/under utilization conditions, and sharing information about availability of models across businesses. For example, businesses that have Call Centers might want to use staffing models that other businesses have successfully used. Working with Strategic Sourcing and the business units on sourcing projects that may have enterprise wide impacts, such as event planning and the coordination and use of outside consultants." Found this on the Yahoo Board today.