Bank Compensation, Incentives, and Talent Management Trends

The competition for banking industry talent continues to intensify, as higher employee turnover and increased staffing plans lead banks to engage in more aggressive compensation strategies. But compensation is only part of the story – more and more organizations are pursuing a total rewards strategy, which balances compensation with five other broad factors to provide a more balanced and comprehensive view of the employer-employee relationship. Two Crowe banking professionals explore this concept, and relate it to insights from the most recent annual Crowe Bank Compensation and Benefits Survey.