Korn Ferry recently announced that Commerce Bank has been recognized among other top organizations across the globe as a 2019 Engaged Performance Awards winner. The third-annual award program recognizes employers that have achieved best-in-class levels of engagement, enablement or both. Commerce Bank is a winner in both the engagement and enablement categories.
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Winners were selected based on responses to two key question statements in Commerce Bank’s annual employee engagement survey, administered by Korn Ferry:
- Engagement: I feel proud to work for the company. I would recommend the company as a good place to work.
- Enablement: My job makes good use of my skills and abilities. Conditions in my job allow me to be as productive as I can be.
The statements are proven measures of organizational commitment and strong predictors of overall levels of employee motivation, loyalty and well-being.
In speaking to this recognition, Sara Foster, executive vice president, talent and corporate administration said, “Receiving this award reaffirms what we’ve long believed at Commerce Bank – combining top talent, a strong culture and rewarding work creates a positive environment where people can be their authentic selves and feel engaged and enabled to do their best work.”
Employee engagement is widely used as a critical performance indicator by high performing organizations across all industries. Korn Ferry research shows high levels of engagement and enablement can help boost sales and growth in earnings per share (EPS) by significant measures. Korn Ferry reports companies where employees scored highly on enablement saw nearly triple sales growth and 25% higher EPS growth during a 5-year-period than those with low-scoring marks in this area. Similarly, companies where employees scored highly on engagement saw double sales growth and nearly double EPS growth during a 5-year period than those with low-scoring scores in this category.
“Commerce believes, and research supports, that team members who are highly engaged and enabled in the workplace are more effective and committed to go the extra mile. This is a key differentiator for our team members and our customers,” Foster said. “We are thrilled to be recognized by Korn Ferry as an Engaged Performance Awards winner, and we attribute our success in this area to a number of our internal team initiatives including our resource groups and mentorship opportunities, leadership development programs, robust internal communications and recognition programs. As we look to the future, I am confident Commerce will remain a leading employer in the financial services industry.”
A complete list of winners can be found here: https://kornferry.postclickmarketing.com/Global/FileLib/Engagement_Awards/KF_Engaged_Performance_Awards_Infographic_Aw.pdf
About Commerce Bancshares, Inc.
With $25.9 billion in assets as of September 30, 2019, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 150 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., the Company currently operates full service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. Commerce Bank also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with clients to design their organizational structures, roles and responsibilities. We help them hire the right people and advise them on how to reward, develop and motivate their workforce. And, we help professionals navigate and advance their careers.
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Contacts:
Maura.Ritter@commercebank.com
