ABA Banking Journal - November/December 2017 - 43

This impression is reinforced by the results of another
survey question, in which participants were asked to
compared their compensation strategies to those of
their competitors. Specifically, the survey asked them
to characterize their total rewards packages-that is,
the combination of salary, benefits, bonuses, and other
incentives-and rate them as being more than 10 percent
above the market average, at or within 10 percent of the
market average, or more than 10 percent below the market
average (see graph 3).
Graph 3: Compensation Strategies

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20%
10%
0%
2010

2011

2012

2013

More than 10% below market
More than 10% above market

2014

2015

2016

2017

At or within 10% of market

865964_Case.indd 1

6/20/17 2:03 AM

In the 2017 survey, the number of banks that reported
using an above-market compensation strategy declined
slightly, while the number that planned to stay near the
market average increased by almost the same amount.
This reversed what had been a strong four-year trend and
could be seen as another indicator that bank executives are
sensing a stabilizing labor market.
Pay and performance. One of the most obvious measures
of the heat of the labor market is salary increases. Here
again, the 2017 survey results seem to suggest that
the competition for talent is continuing, but possibly
moderating. Average annual salary increases for both
officers and nonofficers have been on a general upward
trend since the depths of the recession. In addition, the
actual salary increases typically matched the survey
respondents' projections fairly closely from 2011 through
2015 (see graph 4).
In 2016, however, actual average salary increases spiked
rather sharply, exceeding survey projections noticeably
as the battle for talent intensified. In 2017 that trend
moderated somewhat. While average salary increases in
2017 were still higher than 2016, they once again were very
close to respondents' expectations.
875875_Crystal.indd 1

aba.com/BankingJournal | ABA BANKING JOURNAL
7/10/17 43
8:14 PM


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Table of Contents for the Digital Edition of ABA Banking Journal - November/December 2017

Chairman’s View
Upfront
Legal Briefs
Economic Outlook
Power Up Profile
Pitching In
Choices and Options Down on the Farm
Eager or Not, Every Board Needs an M&A Strategy
Adapting to Survive
More Than Just a Drink
Operations
Payments
Small Business Lending
Human Resources
ABA Compliance Center Inbox
From the States
Corporate Social Responsibility
Index of Advertisers
From the Vault
ABA Banking Journal - November/December 2017 - Intro
ABA Banking Journal - November/December 2017 - ebelly1
ABA Banking Journal - November/December 2017 - ebelly2
ABA Banking Journal - November/December 2017 - cover1
ABA Banking Journal - November/December 2017 - cover2
ABA Banking Journal - November/December 2017 - 3
ABA Banking Journal - November/December 2017 - 4
ABA Banking Journal - November/December 2017 - 5
ABA Banking Journal - November/December 2017 - 6
ABA Banking Journal - November/December 2017 - 7
ABA Banking Journal - November/December 2017 - Chairman’s View
ABA Banking Journal - November/December 2017 - 9
ABA Banking Journal - November/December 2017 - Upfront
ABA Banking Journal - November/December 2017 - 11
ABA Banking Journal - November/December 2017 - 12
ABA Banking Journal - November/December 2017 - 13
ABA Banking Journal - November/December 2017 - 14
ABA Banking Journal - November/December 2017 - 15
ABA Banking Journal - November/December 2017 - Legal Briefs
ABA Banking Journal - November/December 2017 - 17
ABA Banking Journal - November/December 2017 - Economic Outlook
ABA Banking Journal - November/December 2017 - Power Up Profile
ABA Banking Journal - November/December 2017 - Pitching In
ABA Banking Journal - November/December 2017 - 21
ABA Banking Journal - November/December 2017 - 22
ABA Banking Journal - November/December 2017 - 23
ABA Banking Journal - November/December 2017 - 24
ABA Banking Journal - November/December 2017 - 25
ABA Banking Journal - November/December 2017 - Choices and Options Down on the Farm
ABA Banking Journal - November/December 2017 - 27
ABA Banking Journal - November/December 2017 - Eager or Not, Every Board Needs an M&A Strategy
ABA Banking Journal - November/December 2017 - 29
ABA Banking Journal - November/December 2017 - Adapting to Survive
ABA Banking Journal - November/December 2017 - 31
ABA Banking Journal - November/December 2017 - 32
ABA Banking Journal - November/December 2017 - 33
ABA Banking Journal - November/December 2017 - More Than Just a Drink
ABA Banking Journal - November/December 2017 - 35
ABA Banking Journal - November/December 2017 - Operations
ABA Banking Journal - November/December 2017 - 37
ABA Banking Journal - November/December 2017 - Payments
ABA Banking Journal - November/December 2017 - 39
ABA Banking Journal - November/December 2017 - Small Business Lending
ABA Banking Journal - November/December 2017 - 41
ABA Banking Journal - November/December 2017 - Human Resources
ABA Banking Journal - November/December 2017 - 43
ABA Banking Journal - November/December 2017 - 44
ABA Banking Journal - November/December 2017 - ABA Compliance Center Inbox
ABA Banking Journal - November/December 2017 - From the States
ABA Banking Journal - November/December 2017 - 47
ABA Banking Journal - November/December 2017 - Corporate Social Responsibility
ABA Banking Journal - November/December 2017 - Index of Advertisers
ABA Banking Journal - November/December 2017 - From the Vault
ABA Banking Journal - November/December 2017 - cover3
ABA Banking Journal - November/December 2017 - cover4
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