Contributor : jllewellyn
A reoccurring theme with bank regulators is the retention and succession of talent.
SERPs are a valuable compensation tool, but improper plan design can result in significant expenses for banks without the retention value.
Compensation committees should stay educated, establish duties and responsibilities and use the help of a trusted advisor.
Do antiquated evaluations really give you the insight you're looking for? Rethinking your approach can open a dialogue that could provide valuable feedback for your organization.