Page 41 - Banking Finance January 2024

ARTICLE

Another strategy that is very effective in building a successful respective fields. It enhances their reputation and position
career path is seeking regular feedback and getting right them as valuable resources within the organization.
mentorship. It is necessary to regularly seek feedback from
managers, mentors, and also from peer colleagues. The By implementing these strategies, public sector bank
feedback received gives a 360o understanding about self and employees can effectively navigate their career path within
help to identify areas for improvement. In addressing the their organizations, thereby increasing their chances of
weakness identified, skills can be refined and employees can promotions, gaining recognition, and achieving their long-
position them to achieve their goals. term career goals. Thus, career cushioning, even with job
security, empowers employees to take control of their
Also, mentors offer valuable advice and help employees professional development, and pursue fulfilling career
navigate their career path. Hence, it is required to seek aspirations.
mentorship from experienced professionals within the bank
who can provide guidance, support, and insights into career Complement Career with Career Cush-
advancement opportunities. Active participation in ioning:
mentorship programs or coaching initiatives offered by the
Career cushioning is not an indication of dissatisfaction with
respective bank are great forums to gain valuable insights
a public sector job; rather, it's a proactive approach to
and accelerate career growth. Besides, these programs
provide structured approach to career development apart maximizing career potential, enhancing personal fulfilment,
from guidance from experienced mentors. and preparing for a successful future in the dynamic world
of finance. By proactively preparing for potential career

Lastly, an indispensable strategy to further one's career is transitions, enhancing their skills, and expanding their
demonstrating value and contribution. Consistently networks, banking professionals can navigate changes with
confidence, and seize new opportunities. Public sector bank
exceeding expectations in current role by delivering high-
quality work, and meeting deadlines, will differentiate the employees who inculcate this mindset can thrive and
employees as ones who are working on cushioning their achieve their long-term career goals.
career. Proactively identifying areas and exceeding
Career cushioning is an empowering tool that can help
performance targets make them strong contenders for new
individuals take control of their professional destinies, not
opportunities which results in career advancements.
just in times of uncertainty but throughout their careers. It
instills a sense of proactive engagement, continuous
Moreover, sharing knowledge and expertise with colleagues
learning, and adaptability, preparing them to thrive in the
through presentations, workshops, or internal training
ever-changing banking sector. It is worth noticing that
sessions establish the employees as thought leaders in their
career cushioning is not a one-time endeavor; it's an ongoing
process that empowers the employees to continuously
enhance professional growth, and take control of the career
trajectory. It is pertinent to embark on the professional
growth journey by embracing career cushioning today,
rather not just by relying on job security.

References:
1. https://www.thehindubusinessline.com/economy/rbi-
takes-stock-of-high-attrition-in-private-banks/
article67551257.ece
2. https://www.indiatoday.in/education-today/latest-
studies/story/indian-professionals-value-skills-over-
degrees-seek-companies-aligned-with-their-values-
linkedin-survey-2376869-2023-05-09

36 | 2024 | JANUARY | BANKING FINANCE