The Great Resignation is taking a heavy toll on employers, and the banking industry has not been immune to this.
Because of that, leaders in financial services might be able to learn a thing or two about creating an open and welcoming workplace from the winners of this year’s Best Places to Work in Fintech.
Fifty firms made the list this year with U.S. workforces ranging in size from just 15 employees at Moca Financial to more than 6,700 staff members at Jack Henry. The honorees boast a wide range of benefits that are appealing to workers. A handful of firms, including Ascent Funding, Wise and Alkami, encourage employees to recharge through paid sabbaticals and generous time off. Pipe, which provides financing to businesses based on their revenue, gives employees every Friday off during the summer.
Other companies offer health care options at no or little cost to employees or make significant contributions to retirement plans. Many of the fintechs have adopted policies that are popular with their staff. For instance, Mpower Financing, this year’s top fintech to work for, offers staff members multiple opportunities to give and receive feedback throughout the year. Corserv, which came in as the 10th-best fintech to work for, has always had a remote workforce, even before COVID-19. The founders believed this created greater autonomy.
The winners were selected through a two-part survey process, completed with the help of the Best Companies Group. The surveys measured employee satisfaction in addition to examining benefits and policies.
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