If the bank's philosophy is that customers will get used to anything, from higher fees to new faces, then these dual-function positions might be okay. This downside outweighs any positive benefits the bank may receive from instituting such a program. Next, we should look at the various lending functions. Loan servicing, however, may indeed be a function which could be reduced in numbers of hours needed to perform each week. But, should regulations ease, a closer examination of the accounting function would be in order.
Administration is a tough one to call, especially at the most senior levels.
But, it has been my experience in a number of institutions that personnel and purchasing could be reduced to a four-day workweek. No organization would grind to a halt if this were so. It is doubtful that more than a quarter of an existing staff could rationally be placed on such a schedule. Third, those positions most likely affected are in the lower ranks. It is my opinion that a four-day workweek will come.