2020 Crowe Bank Compensation and Benefits Survey results
Tap into industry intelligence to optimize compensation, benefits, and incentives
The 2020 edition of the annual Crowe Bank Compensation and Benefits Survey provides invaluable compensation-focused benchmarking data. With responses from 386 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
- Identifying trends in human resources programs and turnover
- Survey results broken down by asset-size range and population of the headquarters city
With concerns regarding economic downturn on the horizon, banks and financial services companies are working to keep costs down by delaying hiring for any new position openings. With 29% of banks and credit unions reporting they are deferring any new hires, this creates challenges for overworked staff and bankers who were laid off as a result of COVID-19.
Banks and financial services companies worried about the current and future economic slowdown are also anticipating smaller raises for current personnel. While unemployment grows nationwide the fight for talent is still strong in the banking industry. With 44% of banks planning for smaller than normal raises in 2021, will this impact turnover next year?
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.
Purchase your copy
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.
For questions or to purchase compensation reports from previous years, email compensation.survey@crowe.com. Please indicate which year you are interested in.
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