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DS News June 2022

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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25 organizations are looking to hybrid models to support different working styles. When it comes to the remote working conversations, the companies that keep an open mind and a flexible, employee-centric approach will win in the end. Are more employees looking for a healthy work-life balance? How does that play into an organization's need for long-term growth? Based on our surveys of hundreds of employees and candidates, work-life balance only accounted for 10% of the reasons why someone leaves an organization. At the same time, employers should focus on how they can support and encourage employees to have lives outside of work and pursue their personal interests. Balance leads to happiness, and happiness leads to productivity. We need to focus less on hours worked and focus more on impact delivered. is will always be better for the employee and the employer. How can mortgage companies train new talent to become future leaders? What are the best training methods? Growth and learning are by far the most important factors behind why someone joins and stays at a company. In fact, our surveys found that 55% of people cite a lack of growth and learning as the reason they leave companies. Savvy organizations are investing in programs and platforms to help employees grow. is might include structured mentorship programs, learning and development curriculum, or allowances to take courses or certifications. How can mortgage companies motivate talented individuals for better production and stimulate greater interest in their position? Not surprisingly, in talking with candidates and employees alike, job satisfaction is key. Employees at all levels want to be respected. is goes back to promoting a strong company culture. Employees want leaders to do what they say and say what they do. It is critical that all employees feel that they are part of a larger vision and that their work directly contributes to the company's goals, regardless of their level or role. Employees want access to leaders, and they want their opinions to be heard. In short, better culture leads to better teams, which leads to better business results. DS News is the leading publication dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Connect with us online at DSNews.com. THEFIVESTARINSTITUTE

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