Financial institutions can enhance employee retention by offering transparent pay packages that align with both individual wealth growth and the company’s success. Today, companies in the financial sector face retention challenges due to changing regulations, compensation inflation, and increased competition for talent.

In Episode 1 of our podcast, Simon Shipgood, EWM Global’s Regional Director, and Dominic Elias, EWM Global’s Chief Advisory Services Officer, discuss the vital considerations when designing retention-focused compensation plans. Pay transparency is crucial, as employees increasingly seek a clear understanding of their value within the organization.

Dominic Elias emphasizes the evolving landscape of compensation transparency in financial organizations. He highlights methods used by financial institutions to achieve transparency and advocates for leveraging external digital solutions for maximum effectiveness.