Podcasts about executive compensation survey

Using data from the CUES Executive Compensation Survey is a great way to benchmark your credit union’s base salary and bonus packages—and make sure you’re paying within the strategy your organization has set forth, says Michael Becher, CPA. Some credit unions decide to pay at the market average, explains Becher, vice president of Industry Insights, Dublin, Ohio, which works with CUES to produce the survey. Other credit unions choose to be market leaders in compensation to help them attract and retain the best talent available.“With the way the economy is now, with job surpluses and the like, having this information (market compensation data) is just vital in terms of putting together a compensation package that’s competitive in today’s environment,” Becher says in the show. Becher and Industry Insights started working with CUES on both the CUES Executive Compensation Survey and the CUES Employee Salary Survey in 2014, working to improve the surveys year over year to provide the best possible data to credit unions.This year, the key trend in the CUES Executive Compensation Survey is that compensation grew, but at a somewhat lesser pace than in previous years.“For the past few years, we’ve seen really, really strong growth in terms of compensation levels in the credit union industry,” Becher explains. “What we have seen this year is just a slight drawback.”Whereas typical increases for the various positions included in the survey in previous years might have increased 6, 7 or 8%, he says, this year the increases might have been only 5, 6 or 7%. That’s “not necessarily a bad thing,” he notes, especially since credit union compensation is “still outpacing a lot of compensation increases in other industries.”There’s not an exact reason for this trend, Becher adds, noting that it most likely has to do with the uncertainty in the economy. Economists keep saying “‘next year we’re going to see a dip,’ ‘next year we’re going to see a dip,’ ‘next year we’re going to see a dip,’ but that dip hasn’t happened yet.” “We’re in a weird spot right now because there are these indicators saying … things are going to go down, but then we have seen historic unemployment rates being lower than anything we’ve seen since 1969 … and job surpluses that reach new highs,” he continues. “There’s these other signs saying … there’s a lot of room to grow. So, there’s a lot of uncertainty … Are we going to go up? Are we going to go down? … People don’t want to get caught with not being prepared.”In the episode Becher also weighs in on:Base salary vs. bonus compensation and how uncertainty in the economy impacts the decision about which to increase in a given year and by how muchNotable data for CEOs and other executives (top mortgage and business lending executives) from this year’s surveyNew data being collected on the survey about genderTurnover trends and the importance of succession planningHow to effectively use compensation dataHow to discern whether you have good data

In this episode of Across the Board, I visit with Doreen Lilienfield. She is a partner at Shearman & Sterling in New York. Today we visit on the firm’s Shearman & Sterling Annual Corporate Governance & Executive Compensation Survey.  Some of the topics we discuss are: ·     What is the Shearman & Sterling Annual Corporate Governance & Executive Compensation Survey?·     Why should Boards of Directors be concerned with corporate culture?·     What is corporate culture? ·     What are some corporate culture red flags?·     Why is corporate culture a company asset?·     What are some indicia of a health corporate culture?·     How does a Board work to institutional corporate culture oversight?·     How should a Board work through or think through its role in oversight? To review the Shearman & Sterling Annual Corporate Governance & Executive Compensation Survey, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Across the Board, I visit with Doreen Lilienfield. She is a partner at Shearman & Sterling in New York. Today we visit on the firm’s Shearman & Sterling Annual Corporate Governance & Executive Compensation Survey. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we will discuss the purpose of salary surveys, trends in credit union executive compensation, and how to obtain and best use survey results. Becher is vice president of Industry Insights, Inc.