The Employee Benefits Provided by the Bank of America

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Table of Contents

Introduction
Discussion
Conclusion
References

Introduction

In the process of applying for a job or assessing a certain company, it is crucial to learn about their advantages and unique features. Oftentimes, the way employees are treated in it may provide newcomers with insightful information about the culture and overall environment. It would not be an overstatement to say that a company’s attitude towards its workers is one of its most important definitive features. The following text will review the employee benefits provided by the Bank of America.

Discussion

Company culture is one of the most crucial aspects of any workplace. Bank of America prides itself in creating a trustful environment that motivates its employees to dedicate their entire selves to their job. Currently, there are three interesting characteristics in the BOA’s company culture: diversity, inclusivity and volunteerism encouragement (Bank of America 2, n. d.). BOA values and is appreciative of their workers’ views, experiences and background. Diversity and inclusivity are important to the company, as they recognize that it strengthens them (Bank of America 3, n. d.). Finally, Bank of America is proud of partnering with various organizations that help combat economic and social issues (Bank of America 4, n. d.). Altogether, these features of company culture define them as accepting and caring.

Employee benefits are very definitive of a company, as its workers deserve a sense of safety. Bank of America cares for their employees’ physical and financial well-being. For example, through Life Event Services, they ensure support for various situations in life, such as terminal illness, workplace accommodation and domestic violence (Bank of America 1, n. d.). Regarding finances, the company enrols its employees into the 401k plan, helping them with financial retirement plans. Moreover, BOA provides financial help by means of their Employee Relief fund in case their workers face loss due to different unexpected emergencies. The aforementioned characteristics granted BOA a 4-star rating compared to Chase’s 3.8 (Glassdoor, n. d.). These features can ensure a sense of safety for its future employees.

Conclusion

In conclusion, Bank of America features various benefits that provide employees with a sense of safety and acceptance. The main features of their culture include volunteerism support, diversity and inclusivity. These qualities make them a stronger company and guarantees extra employee motivation. The benefits the company offers are valuable as well, such as physical and financial. They help with financial retirement plans, ensure support in cases of various life situations and financial assistance if their workers experience loss caused by different emergencies. This makes BOA a rather promising company and brings the necessary safety and motivation for its employees.