Independent Banker - September 2020 - 67

W
Will COVID-19
By
Elizabeth
Judd
change workplace
benefi ts forever?
As the American workforce went remote overnight, companies,
including community banks, were forced to accommodate
this new way of working. We ask if there could be long-term
changes in workplace benefits, from WFH to enhanced sick
leave-and if employees will be driving them.
hen the coronavirus pandemic hit, Kennebec Savings Bank president and
CEO Andrew Silsby began looking for a way to thank his employees for
helping small businesses weather hard times. His answer was to give each of
the 144 employees at his Augusta, Maine-based community bank a weekly
$50 bonus to be used at local restaurants with takeout service during April
and May. " I feel an immense amount of empathy
for the restaurant community, " Silsby says.
" They were hit instantaneously with a lack
of patrons, and money just stopped. " He
dubbed the program #ksbeatslocal.
The gesture by this 150-year-old,
$1.2 billion-asset community bank
represents one innovative approach to
workplace benefi ts, albeit a temporary one.
Every community bank is examining the
impact of the COVID-19 pandemic on
workplace benefi ts, including how
the Families First Coronavirus
Response Act (FFCRA) and
state/local leave provisions
coincide with paid time off
policies and practices; how
various stay-at-home mandates
impact prior, present and future
telecommunications arrangements
and travel; the availability of workers'
independentbanker.org Q 57

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Independent Banker - September 2020

Table of Contents for the Digital Edition of Independent Banker - September 2020

Table of Contents
Independent Banker - September 2020 - Intro
Independent Banker - September 2020 - Cover1
Independent Banker - September 2020 - Cover2
Independent Banker - September 2020 - Table of Contents
Independent Banker - September 2020 - 2
Independent Banker - September 2020 - 3
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Independent Banker - September 2020 - Cover3
Independent Banker - September 2020 - Cover4
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