Leveraging incentives and bonuses to keep high performers, taming the costs of Obamacare and looking at new policies to address workplace bullying are among some of the top trends that HR professionals in the credit union industry are expected to be talking about throughout 2013.
Pay raises expected to remain low while more credit unions leverage incentives and bonuses for high performers.
The salary outlook for credit union executives and rank and file employees reflects what’s been happening during the U.S. economic recovery. It’s still stuck in the slow lane, and no one really knows when it will change into the fast lane.
Wages for credit union employees see moderate increases, but incentives and bonuses continue to be popular.
Although the economy is improving, the improvement is slow and uneven, making employers hesitant to provide wage increases as well as to hire additional staff.
Credit union human resource professionals face the difficult task of reducing health care plan costs while keeping employee benefit packages robust enough to draw and retain top talent.