Compensation & Human Resource Consulting
Managing employee costs are of primary importance to all financial institutions. ProBank Austin offers Compensation and Human Resource Consulting services to help financial institutions develop pay and incentive programs that are competitive within the industry, attract and retain top performers, and align with an organization’s goals and objectives.
ProBank Austin works with Human Resource management on Organizational Reviews that define lines of authority and the proper delegation of responsibilities. We make recommendations to ensure that each position clearly reflects duties, performance standards, and reporting relationships. Together, we create detailed job descriptions to empower employees, improve performance, and support organizational strategic plans. Our recommendations include analyses of current staffing costs, comparative data, and specific action steps to maximize salary budgets.
A well-designed Salary Administrative program focuses on objective employee evaluations and rewards for meeting and exceeding performance standards. ProBank Austin’s Salary Administration Reviews evaluate present needs, the marketplace, and rewards and incentives for employees. We help organizations to clearly define salary administration guidelines and to effectively communicate the program to employees. Employee satisfaction is closely tied to personal achievement and ultimately to employee retention.
We offer Benefit Reviews to analyze current benefit structures, retirement programs, and utilization costs. We help financial institutions determine if benefit programs are in line with organizational needs, are cost effective, and are in compliance with present HR regulations. Also, we research, design, and recommend a Performance Appraisal Program for every position within a bank to ensure appropriate criteria and actual performance standards are utilized to measure employee performance.
Executive compensation is a top priority in retaining high performers and motivating senior management teams. ProBank Austin has advised Boards around the country on implementing executive compensation programs that include competitive base salaries, benefits, incentives, and deferred payments.
Compensation Consulting services include:
- Organizational Reviews
- Salary Administrative Reviews
- Benefit Reviews
- Performance Appraisal Reviews
- Executive Compensation Reviews
- Performance Management Reviews
- Sales Incentive and Reward Reviews
- Incentive Compensation Reviews
- Board Advice