Compensation
Compensation
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Many low-wage employees continue to be paid by paper check. WiseWage has built an online portal on the idea that workers and their employers have a shared interest in electronic paychecks.
January 8 -
How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what bankers can do to prepare.
January 7 -
Several women are viewed as possible successors for a retiring William Dudley. Pam Codispoti has plans to up the millennial appeal of Chase’s 5,200 branches. What’s hot in fintech for 2018? Plus, the year of #MeToo in review.
January 5 -
SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.
January 5 -
Credit unions make strategic hires, promotions to beef up their loan departments and other professionals in the news.
January 3 -
Helping young employees pay down student debt is a more meaningful benefit than pingpong tables at work or free beer.
January 3 -
The banks announced bonuses, wage hikes and charitable contributions resulting from the lower corporate tax rate enacted by Congress.
January 2 -
Finding a perfect candidate could be tricky. Because the New York Fed oversees banks and operates in markets, someone with Wall Street experience is ideal — yet at the same time, it’s important to find a candidate who isn’t beholden to the banks. Some advisers are pushing for a woman or a minority to be appointed.
January 2 -
Two credit unions make a commitment to human resources, Iowa Credit Union League recognizes a trio of award winners and more CU professionals and volunteers in the news.
December 28 -
New Hall of Fame inductees and other award winners announced, plus more new hires and promotions at credit unions across the country.
December 26 -
Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees.
December 22 -
It was a good year for CIT’s Ellen Alemany and JPM’s Sandie O’Connor, but Arjuna Capital’s Natasha Lamb hopes next year will be better. Mary Mack gets a bigger role at Wells Fargo, and Zoe Cruz gets a new one at Ripple. Plus, is Harvey Weinstein really Meryl Streep’s fault?
December 22 -
After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit.
December 21 -
The Indiana CU League gets several new directors and other credit union professionals in the news.
December 21 -
Wells, Fifth Third, others plan to raise pay after tax reform; Joseph Otting backs a federal banking charter for online lenders.
December 21 -
Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill.
December 20 -
The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.
December 20 -
Major realignment of top talent changes the face of one credit union, plus more new hires, promotions and special recognition.
December 19 -
A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees.
December 19 -
Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.
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