Being Strategic with Base Compensation for Non-Executive Positions
Wednesday, September 28, 2022
2:30 pm – 4:30 pm Eastern
This webinar focuses on performance-based compensation approaches that community and regional banks should consider to attract and motivate staff level employees and officers. In this webinar we discuss keys to having an effective salary administration program, performance management, and staff level and producer cash incentive plans.
What questions should your Bank ask about compensation below the CEO and top executives? This session will address pay equity regulations, setting job grades, and determining base salary and appropriate raises for employees. As part of this session we will provide information on conducting market research using industry surveys, using market research to establish and set salary grades, and linking salary increases and performance to positioning in a salary grade. We will also briefly discuss such items as FLSA job classifications (exempt vs. non-exempt) and effectively writing job descriptions. Our focus in this session is on helping HR professionals sort through some of the compensation-related challenges they may encounter.
This webinar also provides best practices for designing a performance management system including a methodology for identifying key accountabilities and competencies for all positions at the Bank. We will also review common performance evaluation rating errors and access tools to make the evaluation process more effective and easier to administer. Also learn how to link the performance evaluation process to salary increases and the annual incentive plan design for staff level employees. We will also discuss what banks are doing with respect to cash-based incentive programs. This will cover plan design(s), goals being used, and award levels for various positions. Additionally, we will highlight applicable regulatory guidelines and updates. As part of this webinar we will utilize a score sheet that shows how your Bank compares to banking industry best practices regarding compensation for non-executive positions.
What You Will Learn:
- Salary Benchmarking Process
- Salary Grading
- Salary Administration Best Practices
- Salary Increase Matrix
- Performance Management Best Practices
- Sample Performance Evaluation Form Criteria
- Performance Rating Errors
- Staff level Bonus Plan
- Incentive Plans for Producers
Who Should Attend?
This webinar is designed for Human Resource Officers, CEO's, and members of the senior management team. Also members of the Board's compensation or personnel committee should attend.
"Definitely worth while attending. Very engaging speaker and well constructed presentation." -- Denise Nichols, HR Manager, Meadows Bank
Michael Blanchard and Matt Brei
Michael Blanchard is the CEO of Blanchard Consulting Group. He has extensive experience in the human resources field and has conducted or supported over 500 compensation planning, market research, and organizational development projects over the past twenty-five years, with over nineteen years specific to the banking industry. Mike has presented to various national and state banking associations including the American Bankers Association, the Bank Director Annual Compensation Conference, and the Western Independent Bankers association on a variety of compensation and board governance topics. With a masters degree in advanced industrial and organizational psychology, Mr. Blanchard's experience includes advising clients on assessing total compensation, incentive planning, and performance appraisals.
Matt Brei is the President of Blanchard Consulting Group. He has been a compensation consultant since 2000 and has been exclusively focused on the banking industry since 2002. Prior to founding Blanchard Consulting Group he worked at Blanchard Chase, Amalfi Consulting, and Clark Consulting. Matt started his career at Arthur Andersen. He serves in a lead role with his client engagements and focuses on identifying the unique compensation needs and concerns of each individual client. Matt's areas of expertise encompass multiple disciplines within executive, director, and staff compensation. Matt frequently speaks at banking conferences on various topics and has written a number of published articles within banking specific publications. Matt received a Bachelor of Arts degree with a double major in Accounting and Business Management from Luther College in Decorah, IA.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by OnCourse Learning (Total Training Solutions)
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.
|Registration Options (Member/Non-Member Pricing)
Live + 1 Month on Demand ($279/$420) – Attend the live event and receive 1 month of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.
Live + 12 Months on Demand ($389/$585) – Attend the live event and receive 12 months of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts.
Live + 12 Months on Demand + CD-ROM ($419/$630) – Attend the live event and receive 12 months of unlimited access to the OnDemand Playback and links to presenter materials and supplementary handouts. Also receive the webinar recording on a CD-ROM 7-10 business days after the live event or your registration date (whichever is the later).
Additional Live Attendee ($75/$115) – Registering another banker from a different location for live access.