Love Your Neighbor as Yourself: A Guiding Principle for Compensation Management in Financial Institutions

HR leaders, let spreadsheets be savvy and policies be kind. And in every pay decision, ask: Would I feel seen, valued, and respected if this were me?

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2025 Banks & Credit Union Employee Salaries

 After years of reshuffling, the labor market is finally finding its footing. But with Gen Z on the move and hiring cooling off, what comes next for employers?

The Biggest Compensation Trends for 2025: What to Expect in the Future of Work

 The compensation landscape in 2025 is poised to be more transparent, equitable, and flexible than ever before. Companies that embrace these trends will be better positioned to attract and retain top talent. As the workforce becomes more diverse and demands more personalized and fair compensation, businesses must adapt to these shifts or risk falling behind in an increasingly competitive global market.

Help! My Turnover is Too Low

 When it comes to employee turnover, financial institutions often focus on reducing it, equating lower turnover with decreasing costs, stability, and success. Lower turnover means fewer replacement costs and less time spent recruiting and onboarding new employees, which, on the surface, is a win. However, what if too low of low turnover is quietly working against your organization’s long-term goals?

Navigating Pay Transparency Laws in 2025: A Guide for Financial Institutions

 Pay transparency laws rapidly reshape the employment landscape, impacting hiring practices, salary negotiations, and organizational culture. That’s why our team partnered with Morgan Geffre, an employment and labor law Associate at Foulston-Siefkin LLP, to discover what to know and expect in order to stay ahead of these upcoming changes.

30 Fastest-Growing Salaries for Financial Institutions in 2025

 This includes the top 30 position salaries that have seen pay increases 150-500% faster than the average annual market rate within the financial industry. Interestingly, this includes some executive positions and jobs that require a high school diploma.

New Features: November 2024

 November brought some massive changes to BalancedComp and BalancedResults, from a revolutionary Turnover Report to expanded and redesigned Feedback Sessions. These updates not only offer insight into turnover trends but also enhance the user experience for both supervisors and admins, making it easier to manage feedback and track performance.

Transforming Performance Reviews: From Cruise Control to Growth Engine

 The end goal of performance reviews is to help employees understand their strengths and weaknesses and improve. Managers often treat these mechanically, while employees are primarily focused on the amount of annual increase they will receive, with little concern for the feedback from their manager. Could it be that by shifting their perspective and recognizing the mutual benefits of open communications and genuine feedback, the performance review can completely transform?

Industry Update: DOL’s Ruling Struck Down

 HR executives at banks and credit unions should be aware of a significant legal development regarding the U.S. Department of Labor’s (DOL) proposed salary threshold increases for exempt employees under the Fair Labor Standards Act (FLSA).

New Features: October 2024

 This October, we’ve released a litany of massive, widely requested features in BalancedComp and BalancedResults. They include new vibrant avatars, an unlocked post-review section, the ability to update review dates en masse, and much more!
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