Bankers are by definition conservative individuals. They don’t care for surprises. A client of ours recently had two surprises; one potentially more troubling than the other.
Near the end of a recent onsite review, the Examiner in Charge (EIC) requested from the CEO a copy of the bank’s job descriptions and compensation plan. This was a surprise to the CEO as this had never been requested in his 40 years of banking.
With last year’s largest regulatory financial institutions reforms and the latest joint proposed rulemaking (February 7) to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we suspect this is just the beginning of reforms around incentive compensation and other benefit plans that could be considered excessive and result in inappropriate risk that leads to significant material losses. We also believe that the focus will continue to expand to regional and community banks.
Luckily we can help you avoid compliance risk and improve your bottom line at the same time. Read our latest white paper to see how the CEO’s second surprise created a win-win situation for his bank, and how our help can propel your organization toward the goals of:
Complimentary Webinars – Critical Concepts – Compliance Primer: Making Sense of the ‘Alphabet” Soup. Thursday Feb. 24th at 10AM (CST)
Due to the significant response last month we are offering this webinar again.
EEOC, OFCCP, Lily Ledbetter, FLSA, ADA, etc. Which ones do you need to understand fully to thrive? There is a continuing emphasis on reducing pay inequity that must be considered strategically as a foundation for any comprehensive compensation policy.
Please join us for this complimentary webinar to learn ways to establish a a philosophy that fits with your company’s goals. Start the new year off right by implementing your own strategic compensation philosophy in 2011.
We are pleased to announce the hiring of our new Client Relationship Manager, Ashley Nail. Ashley is a graduate of the University of Mississippi, and has recent experience in sales and marketing project management in the Fayetteville area.
Ashley will officially join DB Squared on February 22nd. Please welcome her to the team. We are looking forward to her energy and contributions as we expand our sales and marketing this year.
DBSquared is a world-class provider of software products and services. Dedicated to simplifying HR processes through the use of technology, Johanson Group Consulting and Applied Computer Technology merged their efforts in 2001, and founded the company in 2005. DBSquared specializes in the automation of job descriptions, job evaluation and salary administration. The Principal Partners of DBSquared have over 60 years of combined experience within the realm of Human Resources, which is the foundation for every product launched by this organization. The efficiencies of their products have impacted hundreds of organizations across 25 states in the U.S.