The Cost Of A Hiring Spree In Three Graphs

A growing credit union workforce comes with a higher price tag for staff turnover.

 
 

Annualized Average Salary & Benefits Industrywide
An improving economy raises costs for salary and benefits.
Data as of March 31, 2014
© Callahan & Associates | www.creditunions.com

Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory

 

Revenue Per $1 of Salary & Benefits
Higher hiring costs and record low interest rates depress returns for salary and benefits.
Data as of March 31, 2014
© Callahan & Associates | www.creditunions.com

Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory

 

staff-turnover

Data as of March 31, 2014
© Callahan & Associates | www.creditunions.com
Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory

 

Calculating the Turnover Cost to Credit Unions
Data as of March 31,2014
© Callahan & Associates | www.creditunions.com

Source: 2013-2014 CUNA Staff Salary Report & Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory