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Essay / Research Paper Abstract
7 pages in length. The writer discusses the impact Internet banking serves to have on staffing. Bibliography lists 9 sources.
Page Count:
7 pages (~225 words per page)
File: LM1_TLCintbk.doc
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Unformatted sample text from the term paper:
commerce where beating the clock and waiting in long lines are becoming a thing of the past. There is no question that the concept of Internet banking, which has
been in the works for over twenty years, has taken a stronghold upon society with its incredible ease and convenience. The object of the whole system is to one
day completely eliminate the use of cash and paper checks, rendering all retail transactions totally paperless. To be sure, there are a number of advantages to such a system,
not the least of which is significant payroll reduction. However, in spite of the obvious usefulness of Internet banking, there also exist inherent problems, as well (Osterberg et al
1). II. EMPLOYER ADVANTAGES/DISADVANTAGES Staffing has become a significant issue with regard to Internet banking, being that many companies today can get
by with a fraction of the employees once necessary to run brick and mortar locations. In light of the fact that employees do not actually have to be on
site in order to perform their various functions, the concept of an extended staff -- those who are hired by the company yet telecommute without having to go into the
office -- makes it quite feasible both large and small banks to effectively compete with one another. Indeed, every opportunity to cut costs and increase revenue brings a company
that much closer to overpowering its industry rival. Used to be that the employee pool was limited to those who were in immediate proximity to the particular branch, however,
all of that has drastically changed with the advent of Internet banking. "Electronic money has proved more in demand from machines than from people" (Anonymous 73).
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