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.
Although credit union salary increases are projected to remain low in 2013, more credit unions are expected to leverage incentives and bonuses to retain and recruit high performing employees.
Credit unions expect the average full-time management salary increase to be 2.26% in 2013, a slight drop from the 2.53% average wage hike in 2012, according to CUNA's Complete Credit Union Staff Salary Survey Report. For nonmanagement credit union employees, base pay increases also will remain low. In 2013, credit unions have projected an average base pay increase of 2.23% for nonmanagement employees, which is slightly down from the 2.43% in 2012.
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