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Young & Associates Consultants to the Financial Industry
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Compensation Services
Compensation Risk Assessment • Pay Studies
 Salary Administration Plans • Performance-Based Compensation

For more information on our Compensation Services, give us a call at 1.800.525.9775 or click here to send an E-mail.

Compensation Risk Assessment
  • Establish risk-rating parameters, tailored to each bank's needs
  • Review compensation plans and related processes to prioritize them according to risk
  • Identify areas warranting review and provide insight into the company's compensation risk profile
  • Provide recommendations and a process for moving forward
  • Support ongoing compliance and disclosure
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Pay Studies
Executive and Board Pay
  • Examine or create compensation policies regarding their pay
  • Determine appropriateness of compensation relative to performance and the marketplace
  • Analyze third-party studies or conduct our own (using SEC filings)
  • Design and implement compensation programs (e.g., long-term incentives, change in control agreements)
  • Research the types and levels of fringe benefits
  • Determine the weighting of compensation elements (i.e., fringe benefits versus other compensation)
Employee Pay
  • Look at third-party studies or perform independent study
  • Evaluate jobs straddling two or more different job functions
  • Recommend factors that should affect compensation
  • Research the competitiveness of employee-wide benefit plans
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Salary Administration Plans
  • Gather bank information while examining unique job features
  • Create compensation philosophy, including documentation of policies and procedures
  • Research market
  • Develop initial salary structure and analyze current salary structure
  • Integrate into other bank processes
  • Rollout plan to managers and employees
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Performance-Based Compensation
  • Identify participants: employees, executives, board members
  • Specify the goals
  • Benchmarks to consider:
    • What happened previously?
    • How much do you pay one job grade above and below?
    • How does this job compare to others inside the bank?
    • What have we done with other people with the same title?
  • Determine the types of awards:
    • Bonuses
    • Incentives (short-term and long-term)
    • Stock grants and options
    • Perks and fringe benefits
  • Determine the amount of the awards
    • Research market
    • Look at public versus private
    • Factor in overall package
    • Connect to overall bank risk
  • Implement the program
    • Employee communication
    • Document preparation
    • Reporting system
  • Welfare and Fringe Benefits
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Young & Associates, Inc.
PO Box 711 • 121 East Main Street • Kent, OH 44240
800.525.9775