Compensation Strategies to Attract, Retain, and Motivate

Products are rarely the differentiating factor for success in financial services. The capabilities of your people provide the best opportunity for competitive advantage. Are you allocating your human resource dollars wisely to recruit, retain, and inspire talented staff? Are you getting a return on your work force investment?

For a quarter century, Crowe Horwath LLP has conducted a comprehensive survey on compensation benchmarks for financial institutions. We are known as experts on base pay and incentives, and have the experience to prove it.

Base Compensation: A streamlined base pay plan can enhance your organizational effectiveness, and ability to attract and retain talent. We help organizations design, administer, and evaluate base-pay programs. Sound practices provide a strong foundation for building additional human resource programs, including recognition programs, and performance management.

Incentive Compensation: Our research shows that, among financial institutions, the use of well-designed incentive programs can change work force behavior and boost revenue growth and profitability. The return on investment appears strong, and Crowe’s HR professionals can help you realize greater return through design, administration, and evaluation of incentive compensation programs and avoid unexpected outcomes from poor plan design.

Executive and Board of Directors Compensation: Recent regulations have increased the demands on executives and board members alike. The importance of transparency and reasonableness in compensation has been a major topic with investors and shareholder groups. Crowe’s HR professionals can help you clarify and administer performance-based executive and board compensation programs.

Compensation programs that are benchmarked externally, evaluated for internal equity, and communicated effectively can help you attract, retain, and motivate. Your people are the key to improved performance, and Crowe can help your organization encourage and reward high performance.

For more information on Crowe’s services, please contact Terry Johnson at jordan.johnson@crowehorwath.com or 574.236.7616.