December 15, 2022
Dacotah Bank strives to be one of the best banks to work for and an employer of choice throughout our territory. A true testament to these efforts, starting January 1, 2023, Dacotah Bank will be covering 100% of health and dental insurance premiums for employees and their families.
"We are excited about this enhancement to our employee benefit package that will impact our employees and their loved ones day-in and day-out. Earlier this year, we implemented a paid parental leave program, and believe these additions demonstrate our commitment to the entire Dacotah Bank family who contribute so much to the Company and the communities in which we live and work," said President and CEO Robert Fouberg.
In recognition of this dedication to employees and their families, Dacotah Bank has been named one of the Best Banks to Work For by American Banker for the fifth consecutive year. In 2022, Dacotah Bank climbed the rankings to number 22, up 17 places from number 39 in 2021. Dacotah Bank was ranked number 28 in 2020.
“Creating a great workplace culture is the best way to retain and recruit employees,” said Fouberg. This includes providing development opportunities for staff members. The bank offers continuing education through a variety of options, such as participating in online learning programs and attending conferences and webinars. It has also revamped its employee performance review process to ensure employees and supervisors are on the same page regarding expectations, and to encourage communication.
"Whether we empower employees to make the best decision with respect to a customer, the extent to which we offer developmental opportunities to employees, whether we treat employees as equals in conversations about their employment and whether and to what extent we engage in the vitality of the communities in which we live and work all contributes to a welcoming and supportive environment in which employees can discover their talents and best contribute to the success of the company," Fouberg said.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at AmericanBanker.com and in the November issue of American Banker Magazine.
Determining the Best Banks to Work For involves a two-step process. The first step is an evaluation of participating companies’ workplace policies, practices, and demographics. In the second step, employee surveys are conducted to directly assess the experiences and attitudes of individual employees with respect to their workplace. The combined scores determine the top banks and the final ranking.
To go directly to a full list of this year’s winning banks, click here.
Best Companies Group managed the overall registration, survey process and analysis of the data. They used their expertise to determine the final ranking.
The program is open to commercial banks, thrifts, savings banks and other chartered retail financial institutions with at least 50 employees in the United States. For more information on eligibility or other questions related to the Best Banks to Work For program, visit www.BestBankstoWorkFor.com or contact Katrina Heimbach at 717-323-5244.