fingers holding blocks representing employee benefits concepts Credit/AdobeStock

The dynamic nature of top-tier talent and an ongoing evolution of industry practices are pushing more credit unions and their boards to refine their compensation philosophies. Rather than simply allowing long-standing practices, such as paying at the midpoint of each salary range, to dictate an organization's philosophy, it's vital for cooperatives to ask why they are paying a specific way and start with their overall strategy in mind when making certain decisions related to compensation.

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Human Resources