Executive Team Compensation and Incentive Plans
The business community has long recognized the value of incentive compensation plans for executive staff. Incentive programs can be a powerful tool in attracting and retaining top talent, increasing productivity, and ultimately, achieving goals. As a result, over 80% of top executives in the private sector participate in incentive plans. The same principle can be applied effectively within your credit union.
We design and administer compensation plans four our strategic planning clients that conform to the policies and culture of credit unions. In our plans, both the executive team and organization gain from achievement of a combination of project, subjective and financially based goals that move the organization forward.
Incentive programs will continue to grow in importance in credit unions as an effective management tool. Well designed programs will help attract and retain as well as reward executives for achieving goals. The benefits and rewards to both the executive team and the organization makes these efforts worthwhile.
If you are interested in this service or have other consulting needs, please request more information.