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2014 USource Salary & Benefits Survey Report

05.19.14

The 2014 USource Salary and Benefits Survey from United Bankers' Bank (UBB) will assist you in making informed decisions regarding compensation and benefits. Use the survey to compare your bank to the latest market data on compensation and benefits from 45 benchmark positions at 86 community banks in the Midwest. The results are reported by metro/non-metro areas and by bank asset size.

Community banks strive to retain and attract quality employees through continuing to provide generous benefit packages and competitive wages. While the cost of providing health care coverage continues to increase, banks pay an average of 78% of health insurance premiums for "Employee Only" coverage and 60% of the premiums for "Family" coverage. The percent of banks offering a High Deductible Health Plan increased from 57% in 2013 to 61% in 2014.

While the average salary/merit increases continues to be about 3%, there was a wide variance for specific positions between banks.

Complete Findings:

  • Salary and incentive data as of February 2014 for 45 benchmark banking positions.
  • Salary administration practices, retirement plans, and board of directors' compensation.
  • Policies regarding paid time off, vacation, sick time and holidays.
  • Benefit information includes medical, dental, disability, and life insurance.

To Get Your Copy of the Survey Results:

Click here to download the USource Salary and Benefits Survey Report order form. For more information about the survey, please call USource at 866.394.1984 or email usource@ubb.com.