Banks bump wages, offer perks to attract workers
Longtime Iowa community banker Darlys Hulme is well aware of the challenges community banks face in attracting and keeping employees. Hulme, president of Farmers Savings Bank & Trust in Traer, noted her organization recently increased starting teller wages from $15 to $19 per hour, a change she expects will be permanent as the bank continues seeing fewer younger candidates apply. Compounding the issue, other employers are trying to hire away her top-level employees, forcing her to also bump officer salaries to retain talent. [Continue]