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Ensuring Dynamic Tension and Rigor within Your Incentive Programs
“The interdependency of your short- and long-term incentive metrics must work together to create sustained performance and value for the organization.”
–Kristine Oliver, Managing Director, Boston
The banking industry is undergoing a business transformation as institutions seek new revenue sources in order to attract the next generation of clients and maintain existing client relationships. Whether your bank is focusing on organic growth or expanding through acquisitions, continued success is paramount and every advantage counts.
Pearl Meyer’s dedicated team of banking industry experts are trusted compensation advisors to over 300 institutions nationwide. We help you make compensation a catalyst that drives business results and shareholder value.
Our Approach to Banking Compensation
A national industry team. Unparalleled experience. A time-tested approach.
Pearl Meyer’s National Banking Team has in-depth and diverse experience, based on long-term client relationships. We understand the business, regulatory and talent challenges of the industry and the ways in which compensation can play a role.
Our work starts by studying your institution’s business strategy, leadership approach, and ownership structure. We take the time to listen to your compensation objectives and desired outcomes. Risk mitigation, regulatory compliance and governance are built into the design process. We use this process with the intent of developing compensation plans that achieve results and create a competitive advantage for your business.
How We Design Executive Compensation Programs
Pearl Meyer's Bank Compensation Consulting Services
Strategic Alignment
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Program development based on business strategy: organic growth, acquisitive growth, and exit strategy optimization
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Pay-for-performance: annual incentives, equity, performance-based SERPs
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Pay programs: executives; directors; loan officers; team lift-outs; employees
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Severance arrangements: policies, contracts, change-in-control planning, IRC Section 280G
Sophisticated Analytics
- Performance metric selection and goal-setting
- Pay and performance analysis
- Equity modeling
- Supplemental retirement modeling
- Peer group development
- Tax and accounting effectiveness
- Compensation surveys
Compliance Confidence
- Incentive plan risk assessment
- Proxy advisory consulting
- CD&A and disclosure communication
- Compensation-related governance consulting
Tailored Solutions
There is no one-size-fits-all compensation design. We partner with you to understand what makes your banking organization unique and through our proven methodology, create tailored solutions that align compensation programs with your business strategy and goals.
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Enrollment is open for the 2018 National Banking Compensation Survey
Go Beyond the data with the definitive source for banking industry compensation information.
For more than 25 years, Pearl Meyer has been the definitive source of banking industry compensation data. Hundreds of institutions rely on us to guide their compensation strategy and decision making each year by working with our senior team of compensation consultants and survey experts.
Learn more about our 2018 survey and Pearl Meyer’s complete banking industry survey portfolio.