DATA DIVE WHAT DO COMMUNITY BANK EMPLOYEES REVEAL ABOUT THEIR WORKPLACES AND THE INDUSTRY IN 2023? 95% are satisfied with their position (Satisfied, Very Satisfied or Extremely Satisfied) 97% of community bank employees would recommend their workplace EQUAL RECOGNITION Do men and women feel equally compensated? When it comes to performance standards and award recognition, our bank provides: 91% 85% 82% 72% 69% 40% 50% 80% 78% 70% 65% 71% 86% 84% Family leave Other perks Wellness programs Competitive, equitable salaries Overall Bonuses or compensation for excellent performance Men Women Other Recognition to individuals and groups Prefer not to say Optional/ voluntary benefits 8% 8% 5% 4% 3% 3% 1% 1% 0% Vision/dental benefits 0% of employees believe their community banks' performance standards are " challenging but attainable " HOW DO POTENTIAL EMPLOYEES CHOOSE A PLACE TO WORK? Salary, benefits and work environment were the most popular options Most important reasons to choose a bank to work for: 90% WHICH WORKPLACE BENEFITS ARE MOST IMPORTANT? 2023 VS. 2022 Medical benefits, paid time off, retirement programs and flexible schedules have stayed important to employees Paid time off Medical benefits Retirement programs Advancement opportunities Flexible schedule/ telecommuting Remote working policies Training 13% 14% 90% 20% 21% 33% 34% 31% 35% 44% 44% 59% 60% 20 40 60 80 74% 75% 59% Salary 59% Work environment 37% Benefits 36% Culture 35% Leadership 31% Communication 25% Potential for advancement 11% Training and education 6% Recognition 44 // ICBA Independent Banker // December 2023