MADISON, Wis. — A new CUNA report finds that variable-payprograms are gaining momentum at credit unions.

The programs, which tie monetary rewards to performance measuresand productivity, offer credit union employers a way to increasecompensation without increasing base pay.

“The current economy and lack of wage growth are causingemployees to experience higher financial stress than in the past,”said Beth Soltis, senior research analyst for CUNA's Center forResearch and Advice. “In addition to incentive pay, credit unionsmay also want to consider adopting some non-monetary methods tocompensate and inspire employees, like sabbatical days, developmentopportunities and flexible working arrangements.”

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