The Changing Landscape in Tech Salaries at Financial Institutions
The U.S. is home to some of the largest and most successful IT companies in the world. Regardless of a financial institution’s asset size, it will compete with large companies for top-tier IT talent capable of implementing evolving technology strategies. From 2000 – 2020, most exempt-level IT salaries moved year over year twice as fast as positions in the market at large, making it difficult to stay competitive to the market and requiring higher salary increases to attract experienced talent.New Features: June 2023
June brings the release of our two most-requested features of all time! Along with those heavy hitters, we were also able to focus on speed and uniform styles (as always!)New Features: May 2023
May welcomes the beta release and free 30-day trial of BalancedRewards, our new corporate bonus planning product. Predictably - that’s where our focus has been! As our first clients have begun digging in, we’ve added monumental new features and further enhanced the already-lighting-fast mass actions throughout the application.Dear Employee, You Deserve a Reward
Many banks and credit unions just completed the biggest net income year seen in many years. This didn’t merely happen due to general strategies in place by senior managers. The interest on loans advised on, processed, and delivered by knowledgeable employees who had earned clients’ trust over the years was a driving contribution.Corporate Incentives Without Expensive Entitlements
Organizations are shifting their corporate reward program structures, validating the importance of employee productivity and the motivations needed to help the company achieve its growth strategy and share mutual rewards.New Features: April 2023
As we prepare to give all our clients a sneak peek of BalancedRewards during the month of May, our April release was primarily focused on Rewards finishing touches. But we were still able to add in a few additional features!2023 Bank & Credit Union Employee Salaries
Over half of credit unions and banks have reported plans to increase their staff in 2023, either overall or in select departments. Based on BalancedComp data, here are 17 compiled employee salary averages of commonly held positions in the financial industry.Remote Work Spotlights Geographic Wage Differentials
With the increase in remote hiring, more than 50% of financial institutions have expanded their recruiting to other markets. With employees’ newfound ability to work from anywhere, geographic pay differentials (“geos”) have been thrust into the spotlight.New Features: March 2023
Our March release is focused on speed, baby! The net result is our engineering team building features at a faster pace, and our users completing frequent or complicated features instantaneously. Prev
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