Sanibel Captiva Community Bank experienced a recent savings under the new federal tax law and subsequently, the board of directors decided to reward the bank’s employees with a bonus as a show of appreciation for their continuous hard work and contributions to the bank’s success.
“People are our biggest investment,” said Craig Albert, president and CEO of Sanibel Captiva Community Bank. “I can’t emphasize enough how important our people are to our success. They are a big reason why we’ve experienced such tremendous growth over the past 15 years, and we took advantage of an opportunity to reward them accordingly.”
Employees chose from a cash bonus or an equivalent of paid time off. All employees, except for the executive management team, were eligible and included in the bonus.
With Lee County’s unemployment rate at its lowest point since the Great Recession, Sanibel Captiva Community Bank actively focuses on keeping its team engaged. As a result, the bank experiences very low employee turnover and a team that truly enjoys where they work.
Among all 87 employees, the average tenure is 5.5 years. Thirty-four employees have been with the bank five or more years; 20 employees have been there for 10 or more years; and eight employees have been with the bank since it started in 2003.
Employee retention and benefits are a key component of what sets Sanibel Captiva Community Bank apart. Rather than recruiting solely for numbers and managing turnover, the bank ensures that consistent effort is put in to guarantee that their employees feel involved, heard and connected. This has led them to create a thriving workplace and a successful business.
