Why Salary Surveys Don’t Work

Meaningful compensation management starts with solid data, not a software license.

• What if you are a high-performing credit union and all your Board has seen is national salary surveys that show credit unions freezing salary budgets? How do you present a realistic budget to fuel your momentum that the Board will have confidence in?
• What if you prefer to hire front-line staff from the retail environment? What credit union salary survey outlines the variable pay component that is needed to attract the very best retailers?
• How do you measure the true market value of your mortgage originating staff when there are no meaningful surveys to address total compensation earnings?
• How do you integrate the emerging credit union functions like business lending, insurance services, and fraud/security/compliance, when there are no job matches in many salary surveys?
• What if you are trying to recruit an executive and your assets put you between two categories in the latest salary survey? What’s a reasonable hiring range target that’s fair and reasonable so you don’t lose a potential superstar?