by Feminella, Amy | Feb 6, 2022 | Bank advisors, Compensation Advisors, Insights
Providing powerful compensation incentives can set you apart in the hiring and retention game. But how will you fund those benefits? At Newcleus, we design deferred compensation packages that help you retain your top talent and incentivize them to help your bank grow...
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 | Jul 11, 2021 | Bank advisors, Compensation Advisors
When it comes to life insurance, the myriad of options available can be overwhelming. But has your bank considered the benefits of utilizing bank-owned life insurance? According to research, bank-owned life insurance (BOLI) is a strategy that more than 75% of banks...
by Feminella, Amy | Jun 27, 2021 | Bank advisors, Compensation Advisors
Far gone are the days where you can retain a top employee with a once annual holiday bonus! Whether your bank is going through a merger, sale, or substantial transaction, it is essential that you create deferred compensation plans that aid in retaining your top talent...
by Feminella, Amy | May 30, 2021 | Credit Union Advisors
There are many benefits to utilizing deferred compensation plans. For credit union executives, deferred compensation plans bring long-term benefits that extend far beyond salaries and bonuses, including perks like additional life insurance and cash payouts. As we...
