2.0
Sep 1, 2013
Current employee, more than 5 years
Saint Louis, MO
Recommend
CEO approval
Business Outlook
Pros
Laid back atmosphere, job stability since the bank is extremely conservative. Free coffee if that can be considered a "pro". Free water too (from the water fountain).
Cons
Compensation for current employees is poor. Raises are maxed at 2 percent each year. New employees are being paid considerably more for the same roles of those that have been with the company for decades and performing well. Employee insurance is poor as well. Commerce has increased employee contributions, decreased company contributions and reduced benefits. Employee benefit reduction has been a "positive value add" noted in their SEC filings under the MD&A.