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2024 BalancedComp Top Articles

The Definitive Merit Increase Matrix for 2025
The labor market is starting to cool off after record-high pay raises in 2023 and 2024. Last year was the year of the outlier for the banking industry, with some jobs, like IT Business Analyst, seeming to have salary growth of up to 40% over the past two years in at least one national survey.
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How does CEO base compensation compare to that of their employees?
Download BalancedComp's research findings, which provide the average ratio for this comparison across various asset sizes for banks and credit unions.
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Comparisons with similar asset sizes across the industry
can help determine
whether your CEO's
compensation aligns with the corporate compensation
strategy.
Average Chief Officer
Salary
Increases
How did your Chief Officers' 2024 salary increases stack up against the industry averages for your asset size? Download a report of the average increase for the CEO, CFO, COO, CLO, and CIO positions.
Download the reportAverage HR Team Salaries
Download a report including positions like Head of HR, HR Director, HR Manager, Recruiter, HR Generalist, and HR Specialist.
Download the report2024 BalancedComp Stats
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How do your major departments' headcounts compare to the competition?
This report can only be found at BalancedComp and covers other subjects like average direct reports to the CEO and average numbers of supervisors.
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Consider your strategy amongst departments versus your
peers. Paying too
many
people can be worse than paying individuals too much or
too little.
2024 Bank Incentive Pay
Download and view average and median incentive pay percentages for 50+ benchmark positions across all asset sizes in the Bank industry.
Download the report2024 Credit Union Incentive Pay
Download and view average and median incentive pay percentages for 45+ benchmark positions across all asset sizes in the Credit Union industry.
Download the report2024 Staff Favorites
Here are some of the BalancedComp team's favorite things from 2024
2024 Pay Equity by Minority Status
BalancedComp has evaluated average compa ratios for minorities vs non-minorities across all our asset sizes for Banks and Credit Unions.
Download the report2024 Pay Equity by Gender
BalancedComp has evaluated average compa ratios for men, women, and non-binary employees across all our asset sizes for Banks and Credit Unions.
Download the report2024 BalancedComp Stats
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FinComp 2024: A Milestone Year of Growth and Connection
This year's event surpassed our inaugural conference, with a larger, more diverse audience and an outstanding lineup of renowned speakers. The lively discussions, expanded networking opportunities, and enthusiastic feedback highlighted FinComp's growing impact on fostering collaboration and innovation within your industry.
We look forward to seeing you again next year!
Accelerate your compensation and performance strategy
Over 300 banks and credit unions across the US pay and evaluate their employees using the BalancedComp suite of products.
2024's Essential Product Updates: Top 10 New Features
Our team's goal is to make your day easier, more productive, and maybe even a little more fun. Here's your exclusive look at the most exciting updates of the year—each designed to supercharge your experience.
The BalancedComp app comes with job descriptions for more than 300 industry positions, which you can modify and incorporate when building your own.
Job descriptions added in 2024:
- Credit Analyst III
- DevOps Engineer
- HELOC Underwriter
- Licensed Sales Assistant
- Scrum Master I
- Sr. Risk Specialist
- Systems Engineer
- Interactive Teller (ITM)