Credit Union Compensation Evaluation
Find and keep top talent with our customized compensation evaluation service
You get it - having a solid team is everything. But if you're constantly dealing with turnover and low morale, it may be time to reevaluate your compensation strategy.
We offer a tailored Compensation Analysis Package made specifically for Credit Unions. By leveraging in-depth industry data, experience, and knowledge, we provide you with strategic insights to craft compensation plans that attract and retain talent, all while taking into account your unique needs and goals as a credit union.
This analysis will have access to a customized wage adjustment plan from an impartial third party with specific expertise in the credit union industry, along with strategic advice on leveraging compensation to retain talent.
“The average cost for a credit union to replace an employee is approximately $12,300 for each open position ”
Our Compensation Analysis Package includes:
Comparative data from credit unions of your size
An analysis of whether the staff is paid in accordance with the cost of living for your area
A CEO evaluation of four parameters of performance
Recommendations on wage adjustments, with the option to distribute changes across three years
“We didn't realize how by how much were under-compensating some of our employees. We found the information in the compensation evaluation to be actionable and we've ultimately been able to increase wages. Since our evaluation, we've been more mindful about compensation, both for new and existing employees. I would absolutely do it again.”
— Dawn Truitt, CEO at Valley Credit Union
“Kristen’s passion and gift is building effective teams to execute key strategies. Her creativity is contagious and intensity drives progress. She’s a difference maker.”