When M&A Occurs, Don’t Forget a Retirement Plan Review
Integrating 401(k) plans might not seem like the biggest strategic priority, but getting it right is critical for motivating employees.
Browsing: Compensation
How Banks of All Sizes Are Winning the Talent Wars
Best practices for bank employee recruitment, readiness and retention
Op-Ed: Large, Bank-Like Credit Unions Should Be Treated Like Banks
The largest credit unions with nationwide growth aspirations should be treated like banks, according to an American Banker op-ed published today, with special focus given to community reinvestment requirements and executive compensation.
Proposed Rule on Overtime Salary Level Now Projected for January 2019
The Department of Labor expects to issue a proposed rule on the salary level for the executive, administrative, and professional employee exemptions in January 2019.
FSB Proposes Draft Data Set for Compensation Data Reporting
As part of its broader effort to address misconduct risk at large, globally active banks, the Basel, Switzerland-based Financial Stability Board today requested public comment on draft recommendations for compensation data reporting.
FSB Issues Supplemental Guidance on Compensation, Misconduct Risk
The Basel, Switzerland-based Financial Stability Board today released supplemental guidance on the use of compensation tools to address misconduct risk — guidance that it intends for national banking regulators to apply to large, globally active banks.
Banks Continue to Announce Wage Hikes, Bonuses, Community Investments
Bank announcements of post-tax reform employee bonuses, wage hikes and community investments continue to come in.
After Tax Reform, Chase Announces $20B Investment in Workforce, Loan Growth
J.P. Morgan Chase, the nation’s largest bank holding company by assets, today announced a $20 billion set of investments in employees, its branch network and philanthropic commitments. The company joined a wave of banks making similar announcements after the historic tax reform bill was signed in December, and it attributed the news not only to
Additional Announcements of Post-Tax Reform Bank Actions
More announcements of bank actions in response to the tax reform bill — including wage increases, bonuses, community investments and customer experience enhancements — continue to roll in.
Banks Continue Rolling Out Post-Tax Reform Bonuses, Community Investments
With banks of all sizes continuing to announce post-tax reform initiatives to share savings with customers, employees and communities, ABA is refreshing daily its page at aba.com/EnergizingTheEconomy documenting these efforts.