Surveys

The New York Bankers Association and Pearl Meyer, LLC are pleased to offer member banks industry-specific compensation and benefits surveys.

Bank Director Compensation and Governance Survey

• Compensation (including Board retainers and meeting fees)
• Committee compensation (including Chair premiums)
• Board and committee composition and structure
• Equity practices
• Benefits practices
• Governance practices
• Other operational practices (including Board evaluation, education, strategic planning and succession planning)

Participation is free, and survey participants can take advantage of a deeply discounted report purchase price.

Survey Due Date: April 2, 2021- EXTENDED
Survey Results Published: May 10, 2021

If your organization was a previous survey participant, or had expressed interest in the survey, your Pearl Meyer Survey Account Manager has emailed you the submission materials. Interested in being a new participant or have questions? Please contact NYBA at education@nyba.com, Pearl Meyer at survey@pearlmeyer.com, or Jordan Gagnon, Senior Survey Account Manager, at (508) 630-1501.

NY Banking Compensation Survey

An Exclusive Opportunity for NYBA Members

The Banking Compensation Survey, conducted in partnership with the New York Bankers Association, provides the most detailed data on banking compensation and pay practices available today. This Survey includes key benchmarking information that will help you assess the competitiveness of your salary and incentive plans. Compensation data for over 275 positions is broken out in a user-friendly format by asset size and geographical region (Western NY, Central NY, Capital District and NY Metropolitan).  The report also presents key policies and practices metrics covering salary administration, short-term and long-term incentive plan design, average turnover rates, mortgage originator compensation and plan design, and commercial loan officer compensation and plan design.

After reviewing the Banking Compensation Survey Report you will understand:

• Average and projected salary increase spending for community banks
• The prevalence of thresholds in short-term incentive plans
• How bank performance influences executive bonus payments/incentives
• Whether your incentive policy is competitive for top sales performers

The survey is also being offered through the Connecticut Bankers Association, the Maine Bankers Association, the Massachusetts Bankers Association, the New Hampshire Bankers Association, and the Vermont Bankers Association which enables us to provide a robust Northeast report that is the Premier source of Officer compensation data available in the industry.  By participating in the New York state report, you are eligible for a heavily discounted “bundled” report price for both the New York and Northeast reports.  Contact us for bundled pricing information.

If you have questions please contact:

Jordan Gagnon
Senior Survey Account Manager

Pearl Meyer, LLC
93 Worcester Street, Suite 100
Wellesley, MA 02481
jordan.gagnon@pearlmeyer.com
Tel: 508-630-1501

Banking Benefits and Human Resources Policies Survey

• Comprehensive benefits and personnel policy information for financial institutions in the Northeast
• Allowed Absences (PTO programs, vacation, sick days, holidays, etc.)
• Health (medical, dental, vision) and Wellness plans
• Flexible spending accounts
• Short and long term disability benefits
• Life insurance
• Retirement plans (401(k), ESOP, defined benefit plans, etc.)
• Work life benefits
• Retiree benefits
• Payroll and institution costs

This biennial survey will be conducted at the start of 2022 and covers prevalence and select design information on executive benefits (SERPs, supplemental benefits, employment agreements, change-in-control agreements, deferred compensation arrangements and perquisites).