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2010 Tennessee Bankers Association Compensation Study Offers Great Insight

May 27, 2010

Finding accurate salary comparison information can be challenging.  A recent Tennessee Banker Association Compensation Survey can be utilized to find this valuable information – *for association members only.

“The primary purpose of the Tennessee Bankers Association Compensation Survey is to provide participating financial institutions with current information on salaries paid by peers and competitors for use in adjusting salaries, salary structures and variable pay plans. The purpose is not to compare rates of pay for every job in every financial institution. In fact, data should only be reported for those incumbents whose job description closely matches a job description in the Survey.” – Tennessee Bankers Association

Quite simply, if a financial institution doesn’t really know its branch performance and salary comparison numbers, then it’s making decisions in the dark.

Compensation studies like the above and our integrated suite of management tools “illuminates” the performance and activity analysis process for banks and credit unions.  Including easy to read color graphics, automated scheduling and benchmarking analysis, our solutions lead to more informed decisions that dramatically improve critical areas of branch operations such as:

  • Productivity
  • Customer/Member Wait Times
  • Labor Cost
  • Scheduling
  • Customer/Member Experience

Take the time to fill out this great compensation study (*) click here and please go to www.fmsi.com for more information on how to better manage your financial institution’s performance levels.

*If you are not a member of the Tennessee Bankers Association, you may want to research associations in your area where you can particiapate in studies like this.

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