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About the authors
Written by
Laura Alix Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.

Laura Alix
Director of Research
With C-suite talent in high demand, more bank boards could take a more proactive role in succession planning for the CEO and other key roles.  Forty percent of directors and senior executives responding to Bank Director’s 2024 Compensation & Talent Survey, sponsored by Chartwell Partners, expect their CEO to depart or retire within the next five years. Bank leaders facing a tighter time frame — within two years — are clear about their timeline and succession candidate, but few of those who expect their CEO to leave within three to five years have identified possible succession candidates.  Almost half (48%) report…

Key Findings

Costs Continue to Climb A majority (88%) of survey respondents say that compensation expenses increased from last year, and they reported a median increase of 7.1% in that time. Additionally, fifty-eight percent name managing compensation and benefits costs as a top compensation-related challenge.  Commercial Banking Carrots Nearly half (49%) of respondents say their bank has implemented new incentives for commercial bankers to bring in new deposit accounts, compared with 42% who said as much last year. Another 22% say they’re looking into it, while 26% say their bank does not do this.  Declining Interest In DE&I Fewer bank leaders say…

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