2022 National Compensation Forecast

Didn’t everybody make a work-from-home resolution to learn a foreign language. I did, but it didn’t happen. Alphonse Karr’s quote sums up the last 20 years perfectly, The more things change, the more they remain the same. We’ve grown. We serve more members. However, we’re dealing with many of the same issues from 20 years ago: supply of talent woes, recruiting and retaining a new generation of workers, and chasing a compensation market that never seems to slow down.

Established in 1985, D. Hilton Associates is now living through our fifth once-in-a-lifetime financial crisis. This experience allowed us to identify key employee engagement patterns that must be addressed with a sense of urgency. Economists are calling it “The Great Resignation.” A recent Microsoft study reports 41% of workers worldwide are considering quitting their jobs (54% of Gen Z, aged 18 to 25). And credit unions aren’t immune.

So, we’re presenting strategies to quell the tide. The report contains insight into emerging HR practices, suggested wage/salary administration adjustments, top variable pay metrics, and a breakdown of how benefits are currently being integrated into total rewards programs. We hope this report helps you face the new normal with confidence.

We are deeply humbled to support organizations that make such significant impacts in their local communities. Our singular goal is to generate data to assist you in assessing risks and making tough decisions. We provide data so you have peace of mind that you are doing the right thing for your members and employees. If you have specific questions, we are here to help. Please call me at 800.367.0433 ext. 124. And remember… We were born to do this!