In a paper that consists of ten pages depository institutions are examined in terms of their current status and future changes. Ten sources are cited in the bibliography and five tables are also included.
Name of Research Paper File: CC6_Ksbanking02.rtf
Unformatted Sample Text from the Research Paper:
US business changed dramatically over the past generation, particularly as the economy lurched from a manufacturing to a service orientation. Such is the hallmark of a mature economy anyway,
and most of the shift already had occurred during previous decades. Those artificially protected industries lost much of their protection, wreaking havoc within the lower employment tiers.
Nonetheless, the decade of the 1990s represents the longest period of economic expansion known in the history of the country. The recent recession was
painful as all "corrections" are, but it also was short lived. Changes occurred in the banking industry as a result of both, but the changes in banking are expected
to be long term, systemic shifts in structure that will affect the employment mix for several years into the future. Financial and
Employment Conditions The decade of the 1990s was industry-changing for all of the financial sector, and particularly for depository institutions. Most gained
online banking capabilities, increasing their need for technical personnel and reducing the need for tellers and other "front line" employees. The need for administrative staff declined, but the need
for sales and marketing staff increased. This trend is expected to hold true at least for the next decade, according to the US Department of Labor. Table 1
illustrates current employment conditions in commercial banking and growth expectations for the current decade. Table 1. Employment of wage and
salary workers in banking by occupation, 2000 and projected change, 2000-10 (Employment in thousands) Occupation Employment, 2000 Percent change, 2000-10 Number Percent All