Listen On:
Key Takeaways:
- [01:11] More than 700 credit unions participated and provided information for about 2500 of their executives.
- [04:01] Over ten years, the annual raise percentage has more than doubled.
- [07:41] Nonqualified benefit plans or executive benefit plans are used to retain and reward your executives, top leaders, and other top performers.
- [09:22] 23% of other leaders or managers were also receiving some sort of nonqualified benefit plan. It is showing that there is a greater need and desire to retain these up and comers and build their leadership pipeline.
- [16:52] Work with a compensation consultant to make the data more actionable. The data behind the data is where you can find the actionable tasks and make sure they are aligned with your strategic goals and where you want to be.