2024 National Compensation Forecast

For 35 years, I’ve tracked talent supply and demand issues for clients. Corporate relocations, new malls, mega-casinos, “living-wage” banks, emerging fintechs, and Amazon distribution centers have all been David vs. Goliath-like opponents, but have they really been that worthy? Perhaps the greatest competitor has always been ourselves.

John Wooden, the immortal UCLA basketball coach and winner of 10 national championships taught his players that looking internally may be the best predictor of results. He said the following:

“Success comes from knowing that you did your best to become the best that you are capable of becoming.”

This perfectly defines D. Hilton’s 22nd Annual Credit Union Industry Compensation Forecast. As hundreds of companies have laid off employees post-COVID, we should be seeing more job seekers, but the reality is that we’re not. And the forecasts don’t have a definitive answer of when workers will come back, how much we will have to pay, and whether they want to come to the office. So, it’s time to look internally, shore up your programs and deliver an employee experience that retains staff and makes your shop the envy of all.