❤️ Time to show some love to your employees.
With US inflation as high as 7.5%,
Any salary increase < means a pay cut.
It’s time to show some love to your employees,
Whether they just join or stay.
Some banks get it.
Chase’s non-interest expense grew 11% in Q4 ‘21.
Mostly driven by staff compensation.
"We want to be very, very competitive on pay,"
Dimon said, "If that squeezes margins, so be it."
Bank of America gave employees an additional $1B in stocks.
At BankUnited, every employee received a $5K cash bonus.
It is not limited to cash compensation.
Scotiabank: a global enhancement of parental leave benefits.
TD Bank: adding coverage for various child and elder care expenses.
In a market hungry for talents,
Time to show some love.
🏈 Echoing the Superbowl ad buzz,
Scan the QR code 👇 for a secret message.
*Consumer credit book, courses, newsletter: https://www.franktian.net
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