Case Study: Carter Bank achieves weekly compensation confidence with Salary.com and Dayforce integration

Carter Bank moves from quarterly to weekly compensation insights with Salary.com

Carter Bank, a midsize financial institution, faced a challenge with its outdated and slow compensation data. The bank relied on quarterly or annual survey data that was manually uploaded, leading to stale insights, potential errors, and difficulty making confident pay decisions for recruiting and retention. To overcome this, they turned to Salary.com and its CompAnalyst product for a solution.

Salary.com implemented a solution that integrated its CompAnalyst platform directly with Carter Bank's Dayforce system. This integration automated the process, delivering weekly market data updates and eliminating manual work. The result was a significant reduction in time spent on compensation analysis and a major improvement in insight quality, allowing the team to make faster, more confident pay decisions. According to a bank manager, the value of having real-time data to quickly look up information and make adjustments was huge.

Carter Bank