2023 Crowe bank compensation and benefits survey results
We appreciate your interest in the Crowe Bank Compensation and Benefits Survey. Regrettably, after more than four decades, our firm has made the tough decision to discontinue the survey in 2024. We would like to express our gratitude to all our past participants and partner associations for their unwavering support. Collaborating with each one of you has been a true honor.
Tap into industry intelligence to optimize compensation, benefits, and incentives
The 2023 edition of the annual “Crowe Bank Compensation and Benefits Survey” provides invaluable compensation-focused benchmarking data. With responses from 388 banks, this year’s survey offers insights that can help you make critical decisions about compensation, human resources, and benefits, including:
- Calibrating compensation structures using industry benchmarks
- Structuring salary and incentive pay to support business strategy
- Aligning board of director compensation to the industry
- Understanding trends in human resources programs and turnover
Survey results are broken down by asset size and headquarters city population.
The survey report explores critical areas for banks, including why employees seek opportunities elsewhere: 44.6% of respondents cited “lack of career development and enhancement” as the most common reason. It also addresses salary normalization across the industry. Both of these issues point to why total compensation and benefits packages will be important as we move into 2024.
The survey report includes insights on important topics such as:
- Challenges banks face with employee recruitment
- Information related to cash bonus incentives, commissions, and equity compensation
- How banks are incorporating diversity, equity, and inclusion initiatives
- What plans banks are making for leadership succession
We are pleased to offer multiple geographic versions for more targeted comparisons. The availability of regional and state versions depends on the number of survey responses.
Survey report pricing
Your purchase includes one of the types of reports shown in the pricing box, a summary highlighting survey trends, and supporting data (via spreadsheet file) with corresponding salary benchmarks.
Special pricing may be available through your bank association.
* Reports will be available in both electronic and print formats. Pricing and discounts vary based on type of report purchased. Some report versions can be purchased at full price without survey participation. Other qualifications and restrictions may apply.