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.

Why Every Professional Needs a Mentor (or Three)

If you measure the success of a fish by how far it can run, it will fail; If you measure by how far it can swim, there will be success.

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.

Recruiting Insight: Essential HR Positions

Human Resources managers and executives are some of the most sought-after candidates for all major companies today, not just at financial institutions. The following is a closer look at salaries for HR professionals at banks and credit unions nationwide.

The Great Resignation or The Great Realignment?

This is proving to be one of the most difficult periods for HR managers at banks and credit unions. Hiring and retaining talent is a top priority nationwide and everyone is trying to find the best practices for building a successful work culture and compensation packages at all levels. With crisis comes opportunity and in this case, The Great Resignation is showing a surprising silver lining for financial institutions that can capitalize on it.

How Culture Can Help Combat The Big Quit

We are in the midst of one of the greatest ages of employee turnover in recent history. While some are changing jobs because of better pay or a career change, many more are quitting their jobs due to toxic work culture. We interviewed Heather Hernandez, a VP of Human Resources and a BalancedComp client regarding the positive work culture changes she has implemented, which have had a positive return on employee retention.

This is the Year of Equal Pay

2022 is the year of “equal pay” for women at all levels of work. State and city legislation is being implemented across the country so that all workers know what the salary range is for jobs they are applying for in advance. What does this mean for financial institutions moving forward?

The 3 Revamps of 2021 and Beyond

The new normal comes with new rules. BalancedComp’s 2021-2022 Salary and Incentive Survey provides essential intel for the changing financial industry workforce.
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