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.

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 [email protected], Pearl Meyer at [email protected], 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.

How Do I Participate?

Participation is quick and easy.
Call or email Pearl Meyer, and they will send you a link to the
survey submission materials.
You will be assigned a dedicated
Account Manager who will answer all your
questions.

Call: 508-460-9600 and ask for
the Survey Team

Email: [email protected]

If you have questions please contact:

Jordan Gagnon
Senior Survey Account Manager

Pearl Meyer, LLC
93 Worcester Street, Suite 100
Wellesley, MA 02481
[email protected]
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).

Questions? Please contact NYBA at [email protected], Pearl Meyer at [email protected], or Jordan Gagnon, Senior Survey Account Manager, at (508) 630-1501.