Strong MBL Programs Depend on Big Paychecks: Print Preview
- Community bank consolidation opens door for more recruitment.
- Compensation depends on numbers of factors including regional aspects.
- Separation of MBL duties, committees playing more of a factor.
If a credit union in the Pacific Northwest is hoping to compete with other financial institutions to woo a heavily sought-after executive for its business lending division, be prepared to make at least an $85,000 offer.
Pfaendler and Middleman agreed that the hard part may be finding that in-demand talent who often don’t advertise on sites like Monster.com and social media sites such as Facebook and LinkedIn.
“The advantage of social media is you do get access to job seekers. The disadvantage is the inability to reach those high performers, especially those that don’t post on social media,” Pfaendler said.