From Exchanging Views...

Staff retention is a function of many aspects of an institution, from the opportunity for career advancement to participation in a shared corporate mission. Building off a previous Exchanging Views Paper: “Strategies for Staff Retention”, “Compensation as a Retention Strategy” explains steps for designing and implementing a new salary structure and provides useful tools for developing a project plan and time line and a communications plan, with insights on experiences shared by Exchange’s partner banks and other players in the industry.