BECU reviews

Work life balance Dated systems and multiple systems

After many years with this company I have come to realize that the organization as a whole does not have any interest in compensating employees fairly for the work that they do. People who promote internally are only valued to the extent that they will accept bottom dollar. Other banks and credit unions in the area pay substantially more and have comparable benefits. Compensation is designed to discriminate against women and minorities as they target the bottom of the barrel on compensation and it is up to the employee to push for more. Women and minorities statistically will negotiate less often, thus putting them at a systemic disadvantage. Senior management has very few minorities and most senior leaders are hired through personal connections rather than seeking talent through a diverse candidate pool. When reviewing the most highly compensated employees on BECU's 2018 public tax return (form 990), 16 out of 17 of the individuals on this list are white and 11 out of 17 are men. Between 2012 and 2018, the CEO nearly doubled his compensation and senior executives created unnecessary layers of management in order to promote themselves and substantially increased their compensation in the process. During this time, the company as a whole has only seen fit to increase new hire compensation for those at the bottom when they encounter extreme difficulty recruiting new talent. External hires are also compensated significantly more than internal hires for the same job. This is not an organization that believes in equal pay for equal work. Mid level managers actively attempt to squash any discussion of pay among employees (it is illegal to prevent this) in fear of others learning of the inequity among their peers. Many employees are currently seeking opportunities elsewhere because their concerns over compensation are ignored. This area is one of the most expensive in the country and a credit union that prides itself on caring for its community is unwilling to pay a living wage to its most dedicated employees.