Being Strategic with Base Compensation for Non-Executive Positions

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.

Recorded Thursday,
November 30th, 2023
2 Presenters
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Human Resources
  • Board Member
  • Human Resources Officer
  • Senior Management

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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'll 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, CEOs, and members of the senior management team. Also, members of the Board's compensation or personnel committee should attend.

Mike Blanchard

Instructor Bio

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.

Jeff Fairchild

Instructor Bio

Jeff Fairchild is the Senior Vice President, Lead Consultant at Blanchard Consulting Group. Previously, Jeff served as the SVP, Managing Director of Newcleus Compensation Advisors. Jeff has experience consulting with Compensation Committees, Board of Directors, and Senior Executives to review executive and director compensation practices and related compensation programs relative to market best practices since 2010. He guides and assists clients in developing cash and equity annual and long-term incentive plans as well as provides analysis and guidance to ensure market-aligned pay and proper salary grade structures.

Jeff graduated from the University of Alabama with a Bachelor of Commerce and Business Administration followed by receiving his Master of Business Administration from Mercer University. He has worked in various industries including Energy, Medical Devices, Pharmaceutical, Legal and Financial Services.