Banca March secures Great Place to Work certification for the fourth year running
14 February 2023 Category: Banca March
- The independent consulting firm Great Place to Work scored Banca March particularly highly in the categories of culture of excellence, sense of pride in belonging and strong people management policies.
- This highly prestigious international certification endorses Banca March's unique business model based on leadership in solvency, responsible advice, a solid reputation, service quality, advisory technology and people management, with the best-trained professionals in the sector.
- This latest milestone comes after Banca March was named the fifth best workplace in Spain according to the Best Workplaces ranking compiled by the independent consultant Great Place to Work® in 2022, and was the only bank to make it into the European ranking for the second year running. At the beginning of the year, Banca March also secured Top Employer certification for the fifth year running.
Banca March has secured Great Place to Work certification for the fourth year running. The global consulting firm applauded the high scores achieved by Banca March in surveys for several years thanks to its culture of excellence and employees' sense of pride in belonging Banca March also outperformed in other areas, including a clear roadmap for the future, employee trust in the management team, team work and a commitment to close leadership engagement.
This highly prestigious international certification endorses Banca March's unique business model based on leadership in solvency, responsible advice, a solid reputation, service quality, advisory technology and people management, with the best-trained professionals in the sector.
This latest milestone comes after Banca March was named the fifth best workplace in Spain according to the Best Workplaces ranking compiled by Great Place to Work® in 2022, and was the only bank to make it into the European ranking for the second year running. Early this year, the bank was also certified as a Top Employer for the fifth year running by the consultancy firm Top Employers Institute, for delivering an excellent work environment and building a high-performance, results-driven organisation underpinned by the ethical values of professionalism, expertise, meritocracy and responsible banking.
Great Place to Work has been working with companies around the world for more than 30 years to identify, create and maintain a culture of deep trust and outstanding performance. One of the most prestigious HR management consulting firms in Spain and globally, Great Place to Work requires companies to meet the highest international standards of excellence in the development and implementation of their people management strategies.
GPTW gauges employee trust using two indicators: The Trust Index, which analyses the employee's views on their organisation, and the Culture Audit, which assesses the company's people management practices and policies, and the corporate culture. An analysis of these two indicators offers a measurable internal diagnosis of employee satisfaction at Banca March, which is among the strongest in the Spanish financial sector.
Banca March performed exceptionally well in four key areas of the survey: pride, achievements, excellent service and motivation to contribute to the project. An impressive 88% of employees feel proud to say they work at Banca March, and 92% are proud of what the bank has achieved. As for customer service levels, 86% of employees believe the company delivers excellent service. Banca March also scored highly on motivation; 86% of the bank's professionals said they identified with the Banca March project and were therefore motivated to participate.
The audit also revealed a climate of respect and team work, with 88% of employees describing Banca March as a friendly place to work, 87% saying they are treated well and 91% saying they felt welcome upon joining the organisation.
This certification, awarded to Banca March for the fourth year running, is a clear reflection the successful implementation of the Strategic Plan for Human Resources, which seeks to build a high-performance, people-centric corporate culture with a clear focus on the bank's core values: commitment, integrity, ambition, rigour and effort.
Anselmo Martín-Peñasco, Deputy Managing Director of Banca March and head of the Human Resources area, said: "At Banca March, people are an inextricable part of our business philosophy, which seeks shared growth with all stakeholders: customers, employees, shareholders and society as a whole. We strive for excellence and the utmost commitment, which is why the policies we deploy in the Human Resources area are targeted at allowing our professionals to reach their full potential. We encourage and promote professional and personal development, equal opportunities and a strong work-life balance. Our goal is to continue to be a high-performing, results-driven organisation underpinned by the ethical values of professionalism, competence, meritocracy and responsible banking. It is a top priority for us to offer a motivating work environment; an environment where the company and its professionals grow alongside each other and feel proud of their contribution and their role in the company."
Banca March has deployed various practices intended to provide a motivating work environment, facilitate and promote professional development and align employees' efforts and conducts with the bank's corporate values.
All Banca March professionals have received training in the last five years, with a higher investment per professional than the financial sector average. Banca March is committed to excellence and to setting itself apart from the rest, with an annual training plan tailored to the needs of its teams and the market backdrop. It also strives to foster motivation and innovation among its team of professionals.
Over the last few years, the bank has expanded its range of training options with programmes on sustainability and aid for teaching and academic research projects. The Banca March Doctorate was also launched in partnership with the University of Oviedo, offering Banca March professionals the opportunity to complete the Doctorate in Economics and Business every year.
The competitive remuneration model in place at Banca March creates a direct link between performance, conduct, achievement and compensation, whilst always foregrounding internal equity. Remuneration packages are complemented with a range of employee benefits, including: advantageous conditions on loans, advances and consumer lending; financial aid for professional training; study awards and grants for professionals and their families; group medical insurance and a corporate medical service; advantages in buying and trading allocated assets; pension funds; life and accident insurance products; and meal vouchers, among others.
Banca March supports internal employee growth and promotion. The professional experience of the Banca March team is the result of a learning process rooted in teamwork, creative ability and a true meritocracy. Every member of the Banca March team has the chance to take part in internal rotation and promotion systems, which are based on the principles of equal opportunities, zero discrimination, equal treatment and respect for people and their abilities. These principles are also decisive in the recruitment of new talent.
Banca March has a culture of strong values and outstanding performance, and is committed to ensuring the accessibility of its management team, transparent communication and the trust and approachability of a family-owned business dating back over 90 years.
Equality plan and work-life balance measures
Banca March is committed to providing a non-discriminatory working environment in which all professionals are treated with fairness and respect, offered support for their professional development and rewarded based on their performance with absolutely no discrimination of any kind. All of these measures are covered by the bank's Equality Plan. Banca March also recognises the importance of striking the right work-life balance and offers flexibility measures and leave periods which add value for its employees in exceptional circumstances.
Committed to society
Banca March understands that it is crucial to effectively integrate ethical, social and environmental criteria into the performance of its financial activity. One of its key goals is to build a more profitable, sustainable business, which is respectful of society and the environment.
It also supports corporate volunteering among its professionals, encouraging them to participate in charity events and come up with their own ideas for initiatives to support disadvantaged members of society, promote integration for people with disabilities, protect the environment and improve financial literary. In recent years, volunteering activities have included reforestation initiatives, beach clean-ups, food drives and donations for humanitarian emergencies, among others.