The Versatile Compensation Tool Banks Need to Retain Key Employees
Bank executives have some of the most highly transferrable, in-demand skill sets, leaving boards to decipher the best and most efficient ways to stay competitive while aligning the future of their organizations.
They must balance three pillars of a well-rounded talent strategy: attracting new executives, retaining mission-critical employees and aligning interests. These pillars can be boiled down to tying executives to the bank and tying the bank to the executives, creating a mutually beneficial program.
