Human Resource Consulting
Human Resources management should be a part of strategic plans. It is a major area of managerial responsibility and a significant corporate investment that requires proactivity to ensure fair treatment for all personnel.
Executive compensation in particular has become very complex. FORVIS Human Resource consulting offers wage, salary and incentive compensation reviews for Boards of Directors and executive management across the country. We can conduct competitive analyses and provide recommendations for executive compensation packages that address regulatory requirements, industry trends, levels of responsibility and performance. We also help clients develop their internal compensation policies and programs for consistency and objectivity.
Performance evaluations for Boards of Directors and senior management are essential measurement tools which can help improve corporate governance. These evaluations can encourage discussions between important internal and external audiences including the Board, management, staff, shareholders and customers. We can help conduct performance evaluations through collection of materials and personal interviews which we can evaluate for information that may not be readily apparent. Upon completion, we prepare a detailed report with specific recommendations for improving leadership performance and effectiveness. Each year FORVIS leads Executive and Board Performance Evaluations utilizing metrics that apply specifically to the financial services industry such as the effectiveness of internal and external relationships, regulatory compliance, profitability, and the realization of short and long-term strategies. FORVIS can provide objective opinions and constructive recommendations that align with corporate goals and connect to competitive compensation packages.
Succession planning is a regulatory requirement for larger banks who must demonstrate that they have both current and potential leadership on board and are prepared for an orderly transition if necessary. FORVIS can help financial institutions prepare an internal Succession Plan that focuses on identifying and developing talent and lining up future leaders to fill key positions.
Human resources affects nearly every area of a financial institution. FORVIS Human Resources consulting can share industry best practices and advise on the development and maintenance of personnel policies, job descriptions, Equal Opportunity and Affirmative Action programs, and regulatory compliance.
FORVIS Human Resource consulting service offerings include:
- Personnel Policies and Procedures
- Wage, Salary, and Incentive Compensation
- Benefit Program Evaluations and Compliance
- Recruitment, Screening, Selection, and Placement Programs
- Performance Appraisal Systems
- Organizational Design and Evaluations
- Effectiveness Programs
- Equal Opportunity and Affirmative Action Programs
- Outplacement Services
- Supervisory and Management Training Programs
- Management Studies
- Board Evaluations
- Long-Range Staffing Plans
- Management Development and Training
- Strategic Human Resource Plans