The Definitive Merit Increase Matrix for 2024
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.New Features: September 2023
This month, the dev team has been laser-focused on the preparatory work necessary for us to put our applications through regular penetration testing. But don’t worry, we still snuck in a few new features!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.New Features: August 2023
This month, we’ve introduced a myriad of meaningful enhancements to existing features!SBA Lending: The Highest Salaries in the Lending Department
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.Suffering from Wage Compression is Optional
Determining if your organization is experiencing wage compression requires a thorough analysis of your employees' compensation levels and the pay structure within the company.New Features: July 2023, pt. 2
This month’s update brings you top-notch security, advanced insights, and streamlined authentication. Embrace a new era of convenience, control, and optimization - only with BalancedComp!New Features: July 2023
July’s update is packed with highly requested features! We're thrilled to introduce improved job description formatting, an on-demand Rewards trial experience, and automated company admin onboarding.The Changing Landscape in Tech Salaries at Financial Institutions
The U.S. is home to some of the largest and most successful IT companies in the world. Regardless of a financial institution’s asset size, it will compete with large companies for top-tier IT talent capable of implementing evolving technology strategies. From 2000 – 2020, most exempt-level IT salaries moved year over year twice as fast as positions in the market at large, making it difficult to stay competitive to the market and requiring higher salary increases to attract experienced talent. Prev
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