November 20, 2023 – Seamen’s Bank has been named one of the 2023 Best Banks to Work For for the fourth consecutive year. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.
“Seamen’s Bank is honored to be recognized as one of the Best Banks to Work For by American Banker, “said Lori Meads, President and CEO of Seamen’s Bank. “We continually strive to promote a culture that encourages a healthy work/life balance for our employees. The employees independent participation in the survey provided the narrative to which this honor and recognition were awarded. Our leadership team is committed to providing employee benefits that reflect our understanding and appreciation of what is needed to help them thrive not only as an employee, but a person in the community.”
Seamen’s Bank provides 65% of childcare tuition for employees, which has been recognized as a leader in the industry. Flexible work hours, competitive compensation, and family inclusive events are just a few of the many benefits they provide.
This year 90 banks earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered. The full 2022 Best Banks to Work For list is featured at https://www.americanbanker.com/list/best-banks-to-work-for and in the November issue of American Banker magazine.
Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores in each area determine the final ranking.
To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and analyzed the data to determine the final ranking.