Banca March secures Great Place to Work certification for the third year running
03 February 2022 Category: Banca March
The global consulting firm applauded Banca March for its culture of excellence and the sense of pride in belonging.
- This certification – one of the most prestigious global accolades in people and talent management – recognises the strong HR management policies in place at Banca March and applauds the excellence and outstanding performance of its team.
- 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. In the last year, digital transformation, services and camaraderie were the categories that registered the strongest growth.
- In 2021, in addition to this certification, Banca March was also the only Spanish bank to feature in the Great Place to Work rankings for Europe, Spain and the province of Malaga.
Banca March has secured Great Place to Work certification for the third year running. The global consulting firm applauded Banca March for its culture of excellence and the sense of pride in belonging, as well as its strong people management practices and policies. In the last year, digital transformation, services and camaraderie were the categories that registered the strongest growth.
In 2021, in addition to this certification, Banca March was also the only Spanish bank to feature in the Great Place to Work rankings for Europe, Spain and the province of Malaga.
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 strategy.
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 culture. An analysis of these two indicators offers a measurable internal diagnosis of the degree of employee satisfaction at Banca March, which is among the strongest in the Spanish financial sector.
Banca March improved or matched its scores in the 80 statements included in the study over the last year. Once again, Banca March scored particularly highly in the categories of culture of excellence and sense of pride in belonging, which is where the bank has secured the strongest results in all three of the years it has achieved GPTW certification: 94% of employees feel proud of their achievements as Banca March professionals and 91% say they want to continue to work at the bank.
This strong score is replicated among the Banca March professionals who believe their superiors run the business honestly and ethically and who believe that working at the bank is a good job.
The scores that have improved the most overall this year are in the areas related to the digital transformation, service provision and camaraderie within the organisation. An impressive 79% of Banca March professionals believe the bank is advancing digitally and competitively, 88% believe that Banca March customers would rate the service provided by the bank as "excellent” and 88% say there is camaraderie and mutual concern among the bank's employees.
The audit also revealed a corporate climate of respect for people and for the Banca March business project. This certification, awarded to the bank for the third year running, is a clear reflection the successful implementation of the Strategic Plan for Human Resources in recent years, with a view to improving the management of professional talent and generating a high-performance corporate culture.
Anselmo Martín-Peñasco, Deputy Managing Director of Banca March and head of the Human Resources area, said: "People are at the heart of Banca March and the human resources policies deployed by the bank are intended to help our professionals realise 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. We seek to meet the highest standards in the performance and management of our operations. That is it is a top priority for us to offer a motivating working 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 confirms its position as an excellent place to work
Banca March positions people at the core of its strategy and promotes personal and professional development through a motivating, safe environment, reflecting its philosophy of joint growth for customers, employees, shareholders and society as a whole. Thanks to this strategy, Banca March has secured Top Employer certification – awarded by the independent consultancy firm Top Employers Institute – for the fourth year running in 2022. This recognition comes in addition to the Great Place to Work certification obtained every year for the last three years.
Banca March has deployed various practices intended to provide a motivating working environment, facilitate and promote professional development and align employees' efforts and conducts with the bank's corporate values.
All Banca March professionals have undergone training in the last five years, with an investment per professional that outstrips 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 past year, 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 direct links 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 professional development and promotion and is committed to affording stability even at the toughest times. The professional experience of the Banca March team is the result of a learning process rooted in a true meritocracy, teamwork and creative ability. Every member of the Banca March team has the chance to take part in internal rotation systems, which are based on the principles of equal opportunities, non-discrimination, equal treatment and respect for people and their abilities. These same principles are also decisive in the recruitment of new talent.
Banca March promotes 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 with a history spanning over 90 years. These factors, combined with the bank's commitment to putting people at the core of its business model, have generated excellent scores in terms of employee pride and sense of belonging (91 points out of 1001) and strong employee recommendations as a great place to work, with an eNPS of 492.
1 Score on the latest Great Place to Work Trust Index (GPTW) for the question: "I'm proud to tell people I work for this company”.
2 Score from the latest GPTW Trust Index. Employee Net Promoter Score (eNPS) is a score from -100 to 100 and measures how likely employees are to recommend the organisation as a good place to work.
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 is utterly committed to effectively integrating 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 people 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.
Management of Covid-19
Right at the beginning of the COVID-19 pandemic, Banca March outlined two priority objectives which set the tone for its management of the crisis: to protect the health of the bank's professionals and their contacts and to maintain business continuity. Banca March has also remained utterly committed to maintaining job stability for all professionals, providing new work-life balance measures to respond to changing needs and fostering an even more supportive approach to helping the people hit hardest by the pandemic.