Human Resources Salary Administration Policy
This Human Resources Salary Administration Policy addresses the Salary Administration Program and incentive compensation arrangements of a bank, credit union, fintech company, or other type of financial institution in order to provide all employees with fair and equitable salaries, compensation arrangements, and benefits to attract and retain qualified banking professionals in a non-discriminatory work environment which is in compliance with all applicable laws, rules and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Structure of Accountability – Topic 3
- Incentive Compensation Policy – Topic 4
- Position Evaluation Guidelines – Topic 5
- Position Description Standards – Topic 6
- Salary Structure Standards – Topic 7
- Hiring Salary Guidelines – Topic 8
- Performance Appraisal Standards – Topic 9
- Salary Increase Standards – Topic 10
- Performance and Salary Increase Procedures – Topic 11
- Promotions and Promotional Increase Standards – Topic 12
- Service Awards – Topic 13
- Position Transfer Standards – Topic 14
- Merit Budget and Salary Increase Standards – Topic 15
- Exception Status Standards – Topic 16
- Audit Policy – Topic 17
- Staff Training – Topic 18
- Retention of Documentation – Topic 19
Includes the following form templates:
- Human Resources Employee Performance Appraisal – Non-Exempt (4 pages)
- Human Resources Employee Pre-Evaluation Worksheet (2 pages)
- Human Resources Officer Performance Appraisal – Exempt (4 pages)
- Human Resources Performance Evaluation Guidelines (1 page)
- Human Resources Position Description Questionnaire (7 pages)
Recent updates to this product:
05/15/24 Update
Department of Labor Final Rule – Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees
09/18/23 Update
SEC – Recovery of Erroneously Awarded Compensation Rules – Clawback Policy Requirement
This Human Resources Salary Administration Policy (approximately 56 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via email every time it’s revised, within one year from the last date of purchase.
