E-Scan Insights: Human Resources
Nearly 40% of credit unions plan to freeze salaries in 2009, up considerably from the 23% of credit unions that did so in 2008, reports CUNA’s 2009-2010 Credit Union Environmental Scan Report.
This makes retention of value employees particularly challenging, even during these tough economic times. Many credit unions are turning to variable-pay plans to help keep such employees without creating undue financial stress.
Learn more about pressing human resource issues from CUNA’s E-Scan.