In the choppy seas stirred up by COVID-19, credit unions faced their own unique wind gusts and watched in dismay as their earnings tumbled. One area that is often squeezed during dark days is compensation and benefit expenses. When ominous clouds appear and the budget is tight, it is prime time to review employee benefits. Are there steps companies can take to boost earnings?
A deep analysis of employee benefit packages can help you attract, retain, and reward top performers.

In his article for the Defence Credit Union Council (DCUC), Scott discusses how the pandemic-induced financial turbulence rattled the stock market. With an optimistic outlook and plenty of case studies to prove his strategy works, he helped many clients steady their ships. While there is no one way that is right for every institution to value their people or improve earnings, it’s important to know options do exist.

Which one best suits your needs?

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IZALE founder and CEO, Scott Richardson has been delivering unsurpassed experience to clients for four decades, helping them execute optimal compensation packages. He delivers rich insight to clients by helping them structure compensation, nonqualified benefits, and both bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) plans.

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