Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.
New blog post highlights value of compensation data
April 14, 2025 / By ICBA
Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.
Reliable competitive compensation and benefits data are crucial to securing and retaining top performers, according to a new Main Street Matters blog post.
Details: In the blog post, ICBA’s Lindsay LaNore explains that because recruitment and retention is a core issue facing community banks today, ICBA launched a new national Compensation & Benefits Survey with ICBA Preferred Service Provider Avannis.
More: This survey built for and focused on community banks offers detailed insights so banks operating in multiple states or recruiting across state lines can manage staffing costs and compete effectively. LaNore says bankers can use the information to:
Define roles and duties.
Support career mapping.
Retain top talent.
Participation: Entering data is free and simple, with participants receiving a $500 discount on the final report. A new digital dashboard available this fall will allow participants to sort the aggregate data by asset class, number of employees, number of branches, and more.
Timeline: Community bankers should have their FDIC number on hand for enrollment, which closes April 30. The survey itself will run May 1-31. Learn more and enroll.
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