Altering Compensation Approaches to Reflect the Changing Financial Services Landscape
A review of current incentive schemes within each workforce segment of financial services organizations may lead to a shift in focus to value-based compensation and non-incentive alternatives. Our work with many financial services organizations has offered suggestions for strategies, both financial and non-financial, that institutions can consider to engage and retain top talent. As companies evolve their compensation approach, the core tenets of communication, differentiation and market competitiveness will remain intact.
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