Forbes Names Commerce Bank One of the Best Mid-Size Employers in America
Kansas City, MO – May 16, 2017 – Forbes recently published their 2017 America’s Best Mid-Size Employers List, ranking Commerce Bank #62 among a selection of 300 employers across the country also recognized on the list. The list was developed based on comprehensive survey findings compiled by research firm Statista.
Statista polled 30,000 American workers to gather opinions of their current employers. Respondents were consulted anonymously through online panels as opposed to through their employers to ensure candid and honest feedback. Statista asked workers to rank how likely they were to recommend their organization to friends or family on a scale of one to ten. The results from this survey were the most important factor in determining a company’s rank on the list. Workers were also asked to recommend employers outside of their own. These results influenced a company’s ranking to a lesser degree. Companies on the list are categorized in two groups based on number of employees – companies with 1,000 to 5,000 employees fall into the midsize category and companies with 5,000 or more employees fall into the large category.
Commerce took the third highest ranking among the other banking and financial services companies on the list. In speaking to this recognition, Sara Foster, executive vice president, talent and corporate administration, said, “Recruiting and retaining top talent has become increasingly more competitive as employers across the country seek to hire the best and the brightest. At Commerce, we believe our employees are our greatest asset and we are thrilled to be recognized by Forbes as one of the country’s best employers.”
Commerce also believes employees who have high levels of engagement and enablement are effective in the workplace – they feel supported in doing their job, are committed to the organization and are motivated to deliver quality work. Because both are equally important, Commerce measures employee engagement and enablement every year through a confidential survey to ensure our workplace environment is meeting our employee’s expectations. Foster states, “In 2016, Commerce’s score of 79% continued to outperform the financial services industry (74%) as well as other high-performing companies (74%). As we look to the future, I am confident we will continue to be a highly engaged team and remain a leading employer in the financial services industry.”
In the industry for more than 150 years, Commerce offers a super-community banking experience that pairs large bank products and services with deep local market knowledge and experience. The company’s focus on local markets is supported by regional advisory boards comprised of local business professionals and community representatives who assist Commerce in responding to local banking needs. Commerce employees are also encouraged to serve an active role in their communities. Blood drives, community festivals, runs/walks and food drives are but a few of the activities in which our employees are actively engaged. In addition to community efforts, employees are encouraged to participate in Junior Achievement and Money Smart Week, opportunities that focus on financial topics.
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $25.3 billion regional bank holding company, as of March 31, 2017. For more than 150 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a full range of financial products to consumer and commercial customers, including personal banking, lending, mortgage banking, wealth management, brokerage and capital markets services. Commerce operates in more than 340 locations in the central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in leasing, credit-related insurance and private equity activities.
For additional information, please visit www.commercebank.com.