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.

Gender Pay Gap: Exacerbated by the Pandemic

 Simply put, women still only earn $0.82 on average per every $1.00 that their male counterparts earn for the same work.

How Incentive Plans are Changing in 2021 (And How They’re Not)

 Should corporate incentive plans be paid out when the economy is sick with a pandemic and corporate goals are devastated?

Addressing the Minimum Wage Elephant in the Room

 Many top employees respond to praise and recognition with unreasonable compensation demands. Learn how to balance this essential management practice so your best employees feel both valued and treated fairly.

The Double-Edged Sword of Praise and Recognition

 Many top employees respond to praise and recognition with unreasonable compensation demands. Learn how to balance this essential management practice so your best employees feel both valued and treated fairly.

How to Give a Successful Performance Review During a Pandemic

 Now may not feel like the right time to conduct performance evaluations. But a global crisis means compassionate and direct communication with your employees is crucial.

Finding our way in the valley: when performance matters most

 Athletic coaches don't wait for an annual review to give their players feedback, and neither should business leaders.

Lending Compensation Survey full of surprises

 Our 2020 Lending Compensation Survey provides a glimpse into compensation strategies in mortgage and commercial lending. Given the current economic crisis, it might be time to make some dramatic mid-year adjustments to incentive programs.

How to give a successful performance review during a pandemic

 Now may not feel like the right time to conduct performance evaluations. But a global crisis means compassionate and direct communication with your employees is crucial.
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