New Features: April 2023
As we prepare to give all our clients a sneak peek of BalancedRewards during the month of May, our April release was primarily focused on Rewards finishing touches. But we were still able to add in a few additional features!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.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.New Features: March 2023
Our March release is focused on speed, baby! The net result is our engineering team building features at a faster pace, and our users completing frequent or complicated features instantaneously.New Features: February 2023
While our primary focus for February has been polishing up our new corporate bonus planning software, BalancedRewards, we’ve also worked in some small but mighty improvements to our BalancedComp and BalancedResults apps.New Features: January 2023
This release was entirely based on client feedback. We reserve December for responding to increased client needs and quickly building and releasing improvements for you as you are in the system working on budgets and performance reviews this time of year.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.New Features: December 2022
We know firsthand just how arduous Q4 can be! This December, our release focuses on enhancing the processes we know our clients are navigating this time of year: creating budgets and helping supervisors complete their employees’ performance reviews. Prev
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