by Feminella, Amy | Oct 24, 2021 | Bank advisors, Compensation Advisors, Insights
In 2016, Bank Director conducted research about the retention rates of different generations within the banking space. They found that only two-thirds of banks surveyed were actively trying to attract millennials as employees at the time. However, out of those...
by Feminella, Amy | Oct 17, 2021 | Compensation Advisors, Insights
This month, we’re highlighting Jeff Fairchild, Director of Compensation Consulting at Newcleus. With over a decade of extensive experience, Jeff guides and assists clients develop compensation plans including, annual incentive plans, long-term incentive plans,...
by Feminella, Amy | Sep 26, 2021 | Bank advisors, Compensation Advisors, Insights, News
Key Points Supplemental executive retirement plans, commonly referred to as SERPs, are valuable compensation tools that organizations can use to attract and retain executive talent. Today, the majority of non-qualified deferred compensation plans (56.1%) being...
by Feminella, Amy | Sep 12, 2021 | Bank advisors, Compensation Advisors, Insights, News
Key Points When it comes to a key executive’s retirement income, well-planned compensation ensures that they don’t put all their eggs in one basket. Bank‑Owned Life Insurance (BOLI) is one way to diversify retirement income. BOLI creates a tax-advantaged increase in...
