Designing compensation packages that are attractive to employees while still balancing the needs of the bank involve more than just salaries and wages. Evaluating benefits such as bonus packages, profit sharing and retirement and pension plans is key as well. In addition, it is important to look across the various tiers within a bank and create packages that are beneficial to all employees. After working with more than 600 banks in 40 different states, BCC is uniquely qualified to review bank compensation programs and offer solutions that achieve their financial goals and enhance shareholder value.
BCC will review and evaluate existing benefit structures, suggests ways to improve upon them, if appropriate, while factoring in the implications that any benefit programs will have on the overall financial health of the bank. They help design and implement benefit plans, while using tax efficient vehicles to offset the cost of these plans.