Employee Benefits
Benefits at Commerce
At Commerce Bank, we know if you want to attract and keep the best people, you must treat and reward them well. Read on to learn more about who we are, the culture we have built, and how we help team members reach the career, health and financial goals that are most important to them.
We understand…
You have a choice in where you work.
We’re committed to providing a variety of highly competitive rewards to attract, motivate and retain the best and brightest talent in the industry. Commerce provides these rewards in exchange for your time, talents and efforts that contribute to our success.
Your well-being is much more than a paycheck.
We take a comprehensive approach to benefits. Our strategy is focused on four
main components: Physical Well-Being, Financial Well-Being,
Emotional Well-Being
and Career Development.
You are one of Commerce’s greatest assets.
We believe our total rewards strategy contributes to a culture that values its team members and enables them to continually strive for excellence, while having their sights set on what’s needed for our long-term success.
You expect openness and clarity into things that impact you.
We believe in explaining the “how” and “why,” not just the “what,” when explaining decisions and other things related to Total Rewards that impact our team members. Education is a key component in communicating our Total Rewards.
The Four Components of Our Benefits
Physical Well-Being
- Medical, Dental & Vision Healthcare Plans (Employees must meet a minimum average hours per week)
- Critical Illness, Accident, & Hospital Indemnity Insurance
- Long-Term Care Insurance
- Paid Medical Leave
- Onsite Flu Shots
- Healthy Returns Tools & Programs for Healthy Living
Emotional Well-Being
- Paid Vacation, Sick & Personal Time Off
- Vacation Purchase Program
- Paid Holidays
- Paid Parental Leave
- Paid Volunteer Time Off
- Flexible Work Schedules
- Employee Assistance Program
- Commerce in the Community Initiatives
- Care@work premium memberships
Financial Well-Being
- Base Salary and Incentives
- 401(k) including Company Match (Traditional & Roth)
- Retirement Education Resources
- Flexible Spending Accounts and Health Savings Accounts
- Employee, Supplemental & Dependent Life Insurance
- Long-Term Disability
- Family and Medical Leave
- Adoption Assistance
- Commerce Perks Discounts on Goods & Services and Commerce Banking Services Discounts
Career Development
- Education Assistance
- Tuition Discounts through Scholarship America
- Mentorship and Job Shadowing Opportunities
- Leadership Development Programs
- Managing at Commerce Program
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