In a video interview with the Financial Times, incoming ABA President and CEO Rob Nichols spoke about the importance of the banking industry adapting to serve and recruit millennials as customers and employees.
An improving economy drove raises in 2015 higher than projected.
On Sept. 7, 2015, President Obama signed Executive Order 13706 directing federal government executive departments and agencies to ensure that effective Jan. 1, 2017, new procurement contracts include a provision specifying that employees working on covered federal contracts earn up to seven days (56 hours) of paid sick leave each year.
The Labor Department’s proposal redefining which employees are eligible for overtime eviscerates the longstanding “duties test” and fails to address the significant differences in wage rates and costs of living across the country, ABA said in an extensive comment letter Friday. “The proposal would transform the salary level from its historical role as a screening
To help bankers navigate growing shareholder and regulatory expectations for well-laid-out personnel succession plans, ABA has launched “Succession Planning for Banks,” a comprehensive guide to managing the talent pipeline for board, C-suite and management positions. The guide includes scenarios and customizable materials to help management and bank HR personnel plan for succession, identify and cultivate
American Banker Magazine today published its third annual list of the 50 best banks to work for, with ABA member banks representing 38 of the honorees.
Differences in guidelines set by regulators and leading shareholder advisory services are some of bank directors’ biggest challenges.
Three ABA member banks in Louisiana participated in a Small Business Administration roundtable on the Department of Labor’s proposal to increase to $50,440 the threshold required for employees to be exempt from overtime payments under the Fair Labor Standards Act.
By a 3-2 vote, the Securities and Exchange Commission today approved a final rule requiring public companies to disclose the ratio of the annual compensation of the CEO to the median of the annual compensation of the company’s employees.
As part of the Partnership to Protect Workplace Opportunity, ABA and other trade associations representing employers have urged the Department of Labor to extend by 60 days the comment period on its controversial overtime proposal, which would more than double the salary level required for the exemption from overtime requirements.