We have four core values at New Resource Bank: sustainability, community, transparency and teamwork. Our governance structure and dedication to being a best place to work is designed to foster these values and encourage an atmosphere where our employees can thrive. Following are key data on employee engagement and governance, including diversity, employee satisfaction and compensation policies.
The bank scored a 12 out of a possible 15 in the Governance category of its B Lab Impact Assessment for B Corps certification—well above the median score of 6. The Governance score reflects our high standards of accountability as well as social and environmental performance. We are also proud to be a “Best for the World” company, scoring in the top 10 percent of all B Corps globally, for the fifth consecutive year. For more information, see the section “Why We Exist.”
In 2016 we continued our Sustainability Engagement Program, designed to increase employees’ commitment to sustainability. The program enables employees to earn points for participating in various sustainability-themed initiatives. These points, in turn, are tied to annual performance reviews. Activities range from attending lunch n’ learns and community volunteering, to viewing a monthly documentary, watching a webinar, attending a course or reading a book on sustainability-related themes. Employees earning 20 sustainability points earn 5 out of 5 on the 10 percent portion of their performance review linked to sustainability; an additional 10 percent of their performance review is tied to employees’ commitment to our core values. On average, employees exceeded the maximum score needed, earning 29 points in 2016.
Additionally, all employees choose a personal Sustainability Challenge. Some of the personal Sustainability Challenges employees chose included installing solar panels on a nonprofit, growing a garden, becoming vegan, and reusing and remaking old clothes to reduce shopping. The 2016 Challenge winner, voted on by all employees, was Gabriela Selli. She raised chickens at her home with her kids! At the end of the year, each employee presented their challenge and results to the rest of the staff.
The internal “Best Places to Work” Committee is comprised of representatives from various departments and aims to make New Resource Bank a great place to work. It provides a forum for employees to come together and discuss issues that matter to them. The committee’s activities include employee recognition, enhancements to the benefits program, quarterly team-building exercises, and an annual volunteer event. Last year New Resource Bank employees enjoyed volunteering at the San Francisco-Marin Food Bank.
Taking care of our employees and encouraging a healthy work-life balance are integral to our goal of promoting sustainable living. We support our employees in the following ways:
Our employee opinion survey in 2015 indicated that we ranked lower-than-anticipated in overall employee satisfaction with our benefits. As a result, we added a few new benefits:
All employees earn wages more than 25 percent above the poverty level and our bonus structure recognizes all employees annually. Our salary distribution for full-time employees reflected an equitable distribution that did not exceed a multiple of 6.5x from lowest to highest paid employee, resulting in compensation that is above market rate for banks of our size.
Our staff diversity includes 52 percent female employees and 48 percent employees of color. Women are a majority of board members at 63 percent. While we are proud of the diversity we have within the company, we are committed to continuing to increase diversity at all levels.
*Management includes the Leadership and Executive teams.
**Based on US Census Population Estimates for San Francisco County as of July 1, 2014
Leadership and career development opportunities are also important for establishing an engaged and happy workplace. Many of our employees receive advanced, skill-based job training and participate in cross-functional training for career advancement.
We have made our interview process more standardized and rigorous in order to ensure we are hiring people who are not only well qualified, but also a strong mission fit. This ensures we are attracting employees who are passionate about our values. Every candidate for a job at the bank has a mission and cultural fit interview, where we assess their values alignment.
Vincent Siciliano – President and CEO
Kay Adler – Executive Vice President, Chief Operations & Strategy Officer
Gary Groff – Senior Vice President, Director of Business Development
Robert Holden – Executive Vice President, Chief Lending Officer
Stephanie Meade – Senior Vice President, Director of Marketing and Culture
Bill Peterson – Executive Vice President, Chief Credit Officer
Steve Rossi – Executive Vice President, Chief Financial Officer
Gabriela Selli – Senior Vice President, Operations & Banking Services Manager
Matt Beiler –Vice President, Underwriting Manager
Nick Healey –Vice President, Loan Administrator Manager
Aman Johal – Vice President, Commercial Relationship Manager
Dhimanshu Joshi – Vice President, Financial Planning & Analysis Manager
Priscilla Njuguna – Vice President, Compliance Manager
Marsela Pecanac – Senior Vice President, Director of Deposit Management & Strategy
Adam Struve – Vice President, Controller
Skyler Webster – Vice President, Commercial Relationship Manager
Mark A. Finser – Chairman of the Board
Martha L. Daetwyler – Director
Mary Ann J. Fake – Director
Penelope Douglas – Director
Esther Park – Director
Scott Reising – Director
Julia Sze – Director
Vincent Siciliano – President and CEO