Enlarge/This article by Robert Graham, Ars Technicom via AP article The bank teller profession is in the midst of a massive transformation as more and more of its employees are expected to leave the field.
While the trend may seem counterintuitive at first, bank tellers have long been known as a hard-working, efficient workforce that serves the needs of customers and employees alike.
A recent survey by consulting firm EY found that more than 70 percent of bank telless work in non-traditional jobs, such as retail, construction, and manufacturing.
The survey also found that nearly 40 percent of tellers work in full-time positions.
According to EY, this is the first time the profession has seen a job change in nearly two decades.
Bank tellers aren’t alone in facing the changing face of the workplace.
According the Census Bureau, the number of workers employed in the financial services industry has fallen by about 8 million in the past decade.
These changes mean the need for more and better trained and skilled personnel is growing.
According in the report, the average bank tellery worker in 2019 will need to earn $17,500 to make ends meet.
That’s up by a whopping 23 percent from 2016, when the average pay was $16,000.
The average bank check is now $10,958, according to the Bureau of Labor Statistics.
With these trends, some bank telles have questioned the value of a job, as well as the need to keep up with technology.
The new industry will bring many challenges, especially given that bank tellrs will be replacing a majority of their employees with computers.
This is especially true in the U.S. where there is a significant population of tech-savvy consumers.
But there are some steps bank tellees can take to stay in the profession.
The good news is that you can get ahead of the trend, according Ryan Haney, CEO of the Bank of America.
Bank of American’s new website has a wealth of information about bank tellings.
You can learn more about the bank, learn how to become a bank tellee, and learn more on how to prepare for the transition.