Gender and Minority Pay Disparity Virtually Vanquished by Community Banks and Credit Unions

A comprehensive pay analysis conducted by BalancedComp, a consultancy specializing exclusively in financial institutions, reviewed data from over 300 client banks and credit unions with assets between $50M and $12B, representing over 67,000 employees.

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New Features: August 2024

 This month, we're thrilled to introduce our largest Results feature yet, empowering employees with the option to enter self-ratings. Additionally, we've addressed a commonly reported issue from our support team, streamlining the password reset process for smoother navigation.

Why Hire a Compensation Consultant?

 Compensation consultants help make HR a better business partner to their company as they drive the total employee reward proposition, limiting unnecessary turnover, and demonstrating how pay compares to the market rate for better business decisions.

New Features: July 2024

 This month, while a major focus was time-proofing our internal-facing data, we were also able to implement several improvements specifically requested by clients during our Annual Client Satisfaction survey in May!

Strategies for Optimizing Employee Satisfaction During Mergers and Acquisitions

 Strategic foresight, meticulous planning, and a people-centric approach are indispensable in navigating the complex landscape of compensation issues during a merger or acquisition.

New Features: June 2024 – Employee evaluations and much more

 This month, we're thrilled to introduce our largest Results feature yet, empowering employees with the option to enter self-ratings. Additionally, we've addressed a commonly reported issue from our support team, streamlining the password reset process for smoother navigation.

Nice Workers Can Finish Last

 Small to medium-sized financial institutions are typically employee-centric and deeply committed to fostering a positive work culture that values collaboration, empathy, and kindness. Their core values align with the belief that a friendly and supportive environment enhances employee well-being and strengthens customer relationships. However, this can make addressing the delicate balance between niceness and performance challenging.

New Features: May 2024

 Our May release is focused on one major BalancedResults and a few small but powerful enhancements.

New Features: April 2024

 Our April release is focused on you, our company admins - drawing your attention where it’s needed, ensuring you have access to training, and eliminating common maintenance requests and process hiccups we know you field.

The AI Revolution

 As AI reshapes the financial services industry, banks and credit unions must adapt to remain competitive. The transformation of compensable factors and job duties is inevitable.
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