Gallagher Executive Compensation and Benefits Survey

About the Podcast

In this episode, we discuss the annual Gallagher Executive Compensation and Benefits Survey data and key trends to help credit unions make better decisions about their rewards strategies.

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Key Takeaways:

  • [01:11] More than 700 credit unions participated and provided information for about 2500 of their executives.
  • [04:01] Over ten years, the annual raise percentage has more than doubled.
  • [07:41] Nonqualified benefit plans or executive benefit plans are used to retain and reward your executives, top leaders, and other top performers.
  • [09:22] 23% of other leaders or managers were also receiving some sort of nonqualified benefit plan. It is showing that there is a greater need and desire to retain these up and comers and build their leadership pipeline.
  • [16:52] Work with a compensation consultant to make the data more actionable. The data behind the data is where you can find the actionable tasks and make sure they are aligned with your strategic goals and where you want to be. 


Presented By

Liz Santos
Liz Santos

Chief of Staff, Executive Benefits Practice | Gallagher

Liz has consulted with credit unions, trade associations, nonprofits, and financial services organizations to achieve their strategic goals for more than 20 years. She supports the service teams as well as develops client communications and educational resources for the Executive Benefits team. Liz also oversees research projects such as the annual NAFCU–Gallagher Executive Compensation and Benefits survey.