Effective Compensation Helps Attract, Retain, and Motivate Productive Employees
Successful financial institutions recognize the critical importance of attracting and retaining talent as well as motivating employees toward business objectives. That means evaluating every facet of compensation and incentive structures. Compensation benchmarking is an essential part of this endeavor.
The Crowe Horwath LLP Bank Compensation Survey is a highly effective tool for evaluating a bank's compensation practices. One of the broadest and deepest surveys in the industry, it provides in-depth information on and analysis of more than 300 job positions from hundreds of financial institutions.
The survey addresses a variety of topics including:
- Benefit plans
- Directors' compensation
- Incentive compensation
- Other human resource programs
- Salary and bonuses by job position
- Staffing levels
- Stock compensation
With comparisons by asset size and region, the survey enables detailed study of critical bank compensation issues at every level of the institution – from customer-facing and administrative positions to executive officers and board members. The Crowe Bank Compensation Survey lays the groundwork for an effective compensation and benefits initiative.
The survey is one of many valuable tools that Crowe specialists employ as part of our performance improvement, human resources consulting, and benchmarking services. By gaining a thorough understanding of your organization, the Crowe team of industry-focused professionals can identify potential issues, assist with implementation of new programs and systems, and help boost operational performance. With decades of experience, the Crowe team excels at helping you convert knowledge into successful strategies for attracting top management talent and motivating staff.