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.

Why CEO Pay Ratios Don’t Really Matter

 Is it out of line for the Chief Executive of a successful company to be paid hundreds of times the salary of their average employee? Or are these high salary discrepancies are deserved?

The Pitfalls of Poor Compensation Strategy

 A good compensation strategy is essential to any financial institution. More than a "nice to have" or "best practice," a solid compensation strategy ensures that your bank or credit union pays for performance and demonstrates equitable pay values from top to bottom.

30 Fastest-Growing Salaries for Financial Institutions in 2023

 2022 has been like any other year for measuring compensation at banks and credit unions. Salaries writ large are having trouble keeping up with inflation, but these top 30 fastest-growing salaries span all departments of financial institutions.

The Definitive Merit Increase Matrix for 2023

 Every financial institution relies on some form of a merit increase matrix to ensure that they are paying for the performance of their top employees. 2023 is shaping up to be the most consequential year to date for compensation. Having an accurate and timely merit increase matrix will help to guide you through turbulent times in the financial industry.

2022 Salaries of Employees at Banks & Credit Unions

 The Great Resignation is having rippling effects on salary expectations for banks and credit unions nationwide. Based on BalancedComp data, we have compiled the average salaries of 17 commonly held positions in the financial industry.

How Inflation Impacts Compensation Levels

 Above-average inflation will continue to confound financial institutions that wish to remain competitive with salary compensation in 2022. This article will help you to better navigate inflation and how it may impact compensation at banks and credit unions.

What Can Make a Corporate Bonus Program Fail?

 It is better not to have a corporate bonus program than to have one that leaves the impression it is unjustifiable or unreasonable.

The Definitive Merit Increase Matrix for 2022

 Inflation is projected to reach 8% next year and if you want to remain competitive with your salary and compensation you will need to adjust your Merit Increase Matrix. We have assimilated some facts and information that will help you ensure that you are paying accurately and fairly in 2022.
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