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Human Resources Discussion Group

HUMAN RESOURCES DISCUSSION GROUP

Join the Human Resources Discussion Group on the third Thursday of each month to connect with peers from fellow MBA member banks. These sessions focus on key HR topics, including compliance, employee benefits, recruiting, talent development, and more. It’s a great opportunity to share ideas, ask questions, and discuss the issues that matter most to your bank.

Attend as often as your schedule allows—these informal, collaborative meetings are designed to give members a space to share ongoing challenges, gain fresh perspectives, and learn from one another.

Have a discussion topic or speaker in mind?

Each month, we conduct a brief survey featuring questions submitted by members. If you have a question, topic, or speaker suggestion for the Human Resources Discussion Group, feel free to send it my way anytime. I would be happy to include it in the next survey! Click here to email me.

Survey results will be shared each month via email and compiled on our website for easy access. Be sure to check back regularly for the latest updates and resources.

Dates

  1. January 16, 2025
  2. February 20, 2025
  3. March 20, 2025
  4. April 17, 2025
  5. May 15, 2025
  6. June 19, 2025 (rescheduled to June 18, 2025)
  7. July 17, 2025
  8. August 21, 2025
  9. September 18, 2025
  10. October 16, 2025
  11. November 20, 2025
  12. December 18, 2025

March 2025

Posted: Feb 28, 2025
Categories: HRDG
Comments: 0
Author: Chad Pook

Impact Survey

The Mass Bankers Industry Impact Survey is critical to helping us effectively tell our story about the good work and positive impact you have on your customers, clients and communities. 

To better tell that story, we hope you will take 10 to 15 minutes to complete the following survey. Please forward this to appropriate person on your leadership team to complete. 

All responses, including bank-specific information, will be communicated in the aggregate and individual responses will remain confidential.

SURVEY LINK

List of questions:

  1. Bank Name?

  2. Total Charitable Contributions for FY 2024

  3. Contributions, grants, matching gifts to 501c(3) orgs?

  4. Volunteer hours provided by employees during 2024?

  5. Employee Information (include employees of subsidiaries and related entities).

  6. Number of employees in Massachusetts at 12/31/24?

  7. Taxable compensation paid to MA employees in FY24?

  8. MA employees withholding taxes in FY24?

  9. Dollars spent in 2024 (or latest completed fiscal year) for:

  10. Operating expenses (non personnel related costs) in MA?

  11. Capital expenditures in Massachusetts?

  12. Small Business Loans (defined as $1 million or less; include SBA)

  13. i. Closed loans ($) FY 2024?

  14. ii. Closed loans (#) FY 2024?

  15. Small business loan portfolio as of FYE 2024?

  16. Green/Renewable Energy Projects

  17. Number of projects financed FY2024?

  18. Dollar amount of projects FY2024?

  19. Total 1-4 family residential loans originated in MA in 2024 (originated for portfolio and…

  20. Dollar amount of loans?

  21. Number of loans?

View the March survey results (click each question to reveal the responses)

How is the bonus calculated at your organization?
On actual earnings throughout the year: 40.63% (13)
On base pay as of the end of the year: 37.50% (12)
Other (please specify): 21.88% (7)
- Based on performance % of base pay
- On how well the bank did for the year and then based on employee's performance
- Chosen by Bank President, not given to officers
- Profit sharing plan based on base pay earnings, eligibility requires employment as of 10/01
- Exempt - base, Non-Exempt - W-2 earnings
- Both methods used; majority based on year-end base pay, small group on actual earnings
- Discretionary
If the bonus is calculated on base pay as of the end of the year, how is it pro-rated for employees who did not work the full year?
Pro-rated based on the number of months worked: 46.15% (12)
Pro-rated based on the number of days worked: 23.08% (6)
No pro-rating; full bonus is awarded regardless of tenure: 3.85% (1)
Not applicable (we do not use base pay for bonus calculation): 15.38% (4)
Other: 11.54% (3)
- Both plans are pro-rated based on hire date
- Pro-rated based on year-to-date earnings
- Officers calculated by days worked, non-officer incentives rounded to quarterly proration

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