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.
The Great Resignation era was unofficially declared over in the Summer of 2023. This year shows dynamic shifts and settling to these recently turbulent labor market conditions.
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.
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.
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.
Determining if your organization is experiencing wage compression requires a thorough analysis of your employees' compensation levels and the pay structure within the company.
