The AI Revolution

As AI reshapes the financial services industry, banks and credit unions must adapt to remain competitive. The transformation of compensable factors and job duties is inevitable.

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2024 Bank & Credit Union Employee Salaries

 The Great Resignation era was unofficially declared over in the Summer of 2023. This year shows dynamic shifts and settling to these recently turbulent labor market conditions.

New Features: March 2024

 March brings our first-ever report showing data from all industries and asset sizes, some improvements to existing features, and a glimpse of an exciting future BalancedResults feature!

Quiet Quitting: The Silent Retention Killer for HR

 HR departments and line managers are feeling the growing pressures of supplying adequate work accommodations and effective ways to track performance.

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.

New Features: January 2024

 This month, our release is focused on feedback we received while you, our clients, built your labor budgets and commenced the 2024 performance review process. We’ve added a few major features that will potentially revolutionize both processes!

Navigating Bonus Disappointment: A Guide for Senior Managers

 Most senior managers at financial institutions are accustomed to receiving an annual bonus to recognize the hard work and dedication.

30 Fastest-Growing Salaries for Financial Institutions in 2024

 A 3.5% midpoint shift in 2024 salary ranges limits differentiation for high performance and adjusting salaries below market rate.

BalancedComp’s 2023 Salary Survey Offers Unparalleled Compensation Insights for Financial Institutions

 This report equips financial HR professionals with the knowledge needed to make informed decisions & attract top talent.

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.
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