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Compensation Report
Budget-building season is here once again. The BalancedComp team has handpicked vital trends and compensation insights to help HR professionals and executives in the financial industry remain competitive in the coming year.
What’s in store for you in this year’s highly-anticipated Annual Compensation Report?
Hear from Christie Summervill, Founder and CEO of BalancedComp, and Jacqualyn Summervill, BalancedComp’s COO and Head of Product.
Masterful merit increases are at your fingertips
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.
Read The Definitive Merit Increase Matrix for 2024
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
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Average HR Salaries
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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.
2023 Bank
Incentive Pay
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2023 Credit Union
Incentive Pay
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2023 Staff Favorites
Here are some of the BalancedComp team's favorite things from 2023
2023 Pay Equity
by Minority Status
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2023 Pay Equity
by Gender
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2023 BalancedComp Stats
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Thank you for making FinComp a huge success!
Drawing in a diverse array of attendees and featuring a lineup of renowned speakers, the engaging discussions, networking opportunities, and positive feedback from participants underscored the event's significance in fostering collaboration and knowledge sharing within our industry.
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.