A special six-part report from Crowe Horwath
Banking keeps evolving, and so have the way banks compensate
employees at all level. Crowe Horwath LLC and ABA Banking Journal present a special series based on the firm's 2012 Financial Institutions Compensation
The complete online series includes the exclusive capstone "Performance
& Pay: 2013 HR Action Plan." The individual series installments build
up to the suggestions and analyses presented in the final part.
The series probes such issues as:
• Technology's impact on human resource needs and practices
• Why Crowe experts say incentive pay isn't as effective in
commercial lending as it could be.
• How retail banking evolution drives changing branch
staffing and pay practices.
• Why incentive compensation is growing in the executive suite--but often on a longer time horizon.
• Who's doing the best out of the "chiefs."
• Why a compensation strategy proves essential--and why
benefit cost management is equally critical.
The authors of the study series are: Jason V. Bomers, Patrick J. Cole, SPHR, and Timothy J. Reimink. You'll
find additional background on the series in the installments.
Read the entire
• Performance & Pay Part 1: Trends in business lending positions
• Performance & Pay Part 2: Trends in executive positions
• Performance & Pay Part 3: Trends in back-office management
• Performance & Pay Part 4: Trends in branch sales positions
• Performance & Pay Part 5: Trends in customer contact positions
• Performance & Pay Part 6: 2013 HR action plan
||Series highlights comp trends and strategies
Crowe Horwath LLP is proud to offer the results of its 2012 Financial Institutions Compensation Survey.
With responses from 405 financial institutions on 201 job positions,
the 2012 survey offers details on the compensation and HR approaches for
the entire banking enterprise. The analysis in this article and others
in the series draws on results from past surveys as well to identify key
industry trends in the following areas:
- Compensation, incentive pay, and benefit packages
- Salary increases and comparative analysis
- Employee turnover rates and hiring forecasts
- Board and director compensation packages
- Equity-based compensation
You can purchase a copy of the 2012 Crowe® Financial Institutions Compensation Survey. For more information read our executive summary.
About the authors
||Patrick Cole is with Crowe in the Grand Rapids office. He can be reached at 616.242.6155 or
||Jason Bomers is a principal with Crowe Horwath LLP in the Grand
Rapids, Mich., office. He leads Crowe's Banking Performance Group. He
can be reached at 616.752.4279 or
||Tim Reimink is with Crowe in the Grand Rapids office. He can be reached at 616.774.6711 or
[This article was posted on March 8, 2013, on the website of ABA Banking Journal, www.ababj.com, and is
copyright 2013 by the American Bankers Association.]