Love Your Neighbor as Yourself: A Guiding Principle for Compensation Management in Financial Institutions

By Christie Summervill

Love Your Neighbor as Yourself: A Guiding Principle for Compensation Management in Financial Institutions

What if the most powerful compensation philosophy didn’t start with salary benchmarks, but with a timeless value: “Love your neighbor as yourself”?

Before you scroll past, thinking this sounds too soft for the hard numbers of comp strategy, consider this: fairness, equity, empathy, and retention are the very pillars of effective compensation management. Applied thoughtfully, this principle becomes more than a moral compass—it’s a competitive advantage that community banks and credit unions can live out.

Let’s break it down.

 

“As yourself” means walking in their shoes

We naturally advocate for ourselves—for fair pay, growth, and recognition. “As yourself” means applying that same advocacy to others. It’s looking beyond benchmarks and asking, “Is this pay truly fair for the value they bring?”

  • A parent reentering the workforce who starts below range just to get a foot in the door
  • An underpaid manager-level employee because their title still says “supervisor”

If we’d raise a hand for ourselves in that situation, we should raise one for them too. As HR professionals, we hold the corporate moral compass. It’s time we take responsibility for living out the values of integrity and “preferred employer” that our websites often tout.

 

Loving your neighbor means equity isn’t optional

Equity isn’t achieved through one-time audits. It’s a continuous, deliberate process that scans for hidden biases and course-corrective structures, and calls out what is quietly unfair, even when it’s uncomfortable. Loving our neighbor means being vigilant that employees are treated equally and equitably, compensated both fairly and with intention. It ensures that gender, race, background, and the lower-level job they are initially hired for do not predict pay. It also recognizes that rewarding top performance must go hand-in-hand with access to opportunities and support for those still climbing.

 

Empathy + transparency = retention

Transparency is a sign of respect. When people understand how their pay is determined—and believe that the process is just—they are more likely to stay. When employees know that decisions are made with empathy and grounded in values, they develop trust. In fact, organizations that demonstrate a commitment to fairness and care have higher engagement, stronger culture, and lower turnover. In an industry battling talent shortages parallel with wage pressure, this isn’t just nice—it’s necessary.

 

Serving the community starts within

Banks and credit unions were founded to serve communities. But how can we serve communities well if we do not serve our employees with the same sense of responsibility? Love your neighbor inside the organization, and watch the ripple effects extend far beyond. Fair and generous compensation practices fuel employee morale, attract top-tier talent, and reflect an institution’s commitment to soundness, core to the trust we promise our customers.

 

Humanity isn’t a liability—it’s an advantage

Compensation professionals are often seen as stewards of the budget. But we’re also stewards of value—of what and whom we choose to reward. Embedding “love your neighbor as yourself” into pay philosophy doesn’t replace strategy—it strengthens it. It ensures we’re not just retaining talent, but honoring it.

 

Leaders hold the compass, even when it’s risky

Raising your hand to ask, “Are we living the values we claim?” takes courage.

But that’s what leadership is.

Progress has always been driven by those willing to take risks to improve systems, not by those who stayed silent. The most respected institutions—and societies—are shaped by those who lead with conviction and are brave enough to step forward to challenge the status quo.

If we want to build organizations that people admire and trust for generations, this is part of the work. Align the compass. Speak up. Take action.

So, HR leaders, let this be our call to action:

Let the spreadsheets be savvy. Let the policies be kind. And in every pay decision, ask: Would I feel seen, valued, and respected if this were me?

That’s love. That’s leadership.

And that’s the future of compensation management.


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