Leading with Empathy: Navigating the Delicate Conversation About Salary Limits

One of the most challenging conversations you may encounter is explaining to employees that their current salary level exceeds the maximum of the pay range, making them ineligible for a salary increase.

Navigating Bonus Disappointment: A Guide for Senior Managers

Most senior managers at financial institutions are accustomed to receiving an annual bonus to recognize the hard work and dedication.

30 Fastest-Growing Salaries for Financial Institutions in 2024

A 3.5% midpoint shift in 2024 salary ranges limits differentiation for high performance and adjusting salaries below market rate.

The Definitive Merit Increase Matrix for 2024

High pay raises and a stressed talent market are priming 2023 to continue driving employee compensation even higher next year—a reality that puts added pressure on HR professionals to get their salary budgets right even as companies struggle in the current interest rate environment.

SBA Lending: The Highest Salaries in the Lending Department

Administrator Isabella Casillas Guzman, Head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses, opened a window of new applications for Small Business Lending Company (SBLC) licenses for the first time in over 40 years.

Suffering from Wage Compression is Optional

Determining if your organization is experiencing wage compression requires a thorough analysis of your employees' compensation levels and the pay structure within the company.

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.

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.

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.
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