Attracting and Retaining Highly Skilled Employees.
Through systematic talent management, career development and succession planning, we work to provide employees with opportunities to advance and grow their careers with our company.
Our promise to clients is to be a financial advocate and deliver the best possible solutions through a consistently remarkable experience. To deliver on this promise, we have committed to a set of core principles:
- We will be responsive in every way
- We will always take the extra step
- We will take the long view
- We will make it our own
- Whatever we do, we will always do what is right
Through commitment to our core principles, we have built a culture of respect and teamwork that has earned us recognition as a top workplace. We are particularly proud of those accolades based on employee feedback. We are thankful to employees who shared their positive experience of working at Sandy Spring Bank and congratulate them for living our core values each day and creating a great place to work for their colleagues.
Named one of the Best Banks to Work For by American Banker magazine
Recognized as a top workplace for the second year in a row by The Washington Post and The Baltimore Sun
A certified Great Place to Work® based on employee feedback
Named one of America’s Best-In-State Banks by Forbes, receiving the top spot in Maryland, for the second year in a row
Ranked first in the Washington Business Journal’s list of midsize companies by volunteer hours and ranked eighth in giving
Our performance management program is an interactive practice that engages employees through monthly coaching sessions with their managers, annual reviews customized to the individual’s position, and annual goal setting.
We offer a variety of programs to help employees learn new skills, establish and meet personal development goals, take on new roles and become strong leaders. Highlights of our development programs include:
Tuition Assistance Program
We offer full- and part-time employees financial support to advance their educational goals.
This development program, open to all employees, includes self-assessment, career planning workshops and a mentoring program with a diverse group of company leaders who have been trained in the development planning process. After completing the program, employees have the opportunity to participate in a structured job shadowing experience.
Remarkable Manager Orientation
Managers at all levels, including those new to our company or newly promoted, participate in Remarkable Manager Orientation. This program educates participants in core skills for effective management, explores the effectiveness of different management styles, and trains them in our performance management program.
Leadership Development Programs
We provide high-potential employees with opportunities to develop leadership, managerial and technical skills through programs with the ABA Stonier Graduate School of Banking, the Maryland Banking School and the Virginia Bankers School of Bank Management. These multi-year programs combine intensive in-person sessions, home study curricula and peer group projects to develop skills critical to career growth and success.
Commercial Banker Associate Program
Started in 2019, this multi-year program targets current employees who want to advance their careers in commercial banking. The curriculum covers topics such as commercial lending, credit analysis and treasury management. Participants progress through stages based on demonstrating mastery of the learning and performance objectives at each stage.
What our employees had to say —
“I have benefited from hands on learning and working on deals of all sizes within the Loan Center as well as the Commercial Market. I have learned a lot from regular conversations with my mentor and my supervisor related to analysis and structure of commercial loan requests.”
“The training and support offered through this program will help me achieve the knowledge I need for my career as a commercial banker. I have forged many new relationships through this program and have learned many new things. I would like to think I was always an engaged employee, however I feel even more engaged now.”
Benefits that Exceed Expectations
Our employees work hard and we reward them with fair compensation and a comprehensive package of benefits.
We offer a minimum hourly wage of $15 (following a brief training period) for all entry-level positions in all of our markets. Highlights of our competitive benefits package include:
Flexible Benefits Plan
All employees are eligible for a variety of pre-tax health, dental and vision insurance plans as well as flexible spending and dependent care spending accounts that allow employees to craft a program that will best suit their personal situations.
Annual Cash Incentive
All employees who do not already participate in a specific incentive plan receive an annual cash bonus based on our company’s results.
This retirement benefit provides the maximum match allowed by law with a default enrollment to encourage employees to save for retirement. Our plan offers a wide range of investment alternatives including company stock, and provides free one-on-one counseling with a financial expert to assist employees in meeting their retirement savings goals. We paid $5.2 million to employees in matching contributions in 2020.
Employer-Paid Life Insurance
This benefit is equal to 2x annual salary or equivalent, up to a maximum of $500,000.
Employee Stock Purchase Plan
Our plan enables employees to accumulate up to $25,000 of company stock per year at a 15 percent discount to the market price.
Benefits to Balance Work, Life and Wellness
Sandy Spring Bank understands that to get the best from our employees, we need to support their day-to-day needs for home, family, health and wellness. Here are just a few ways we support our team:
Paid Leave Benefits
Including vacation and sick time, holidays, parental and adoption leave for new families, community service time, jury duty, military leave, bereavement leave, and short- and long-term disability.
Our policy prohibits the use of tobacco products in all of our facilities.
Employee Assistance Program
Provides professional, confidential counseling assistance for employees and their family 24/7.
Discounted Banking Services
All employees are eligible for free employee checking accounts, discounts on loans and other banking products.
Our wellness program offers financial rewards to employees who adopt healthy habits and participate in wellness education and health screens. Wellness rewards are credited each payday.
Home and Auto Insurance
Employees have access to experienced professionals at Sandy Spring Insurance to create an affordable insurance program for their personal needs.
Annual Family Picnic
An annual highlight is our family picnic, featuring games, music, food and activities for all of our employees and their partners and children. While limitations on large gatherings prevented us from holding our family picnic in 2020, we look forward to hosting our entire Sandy Spring Bank family as soon as it is safe to do so.
Employee Engagement and Communication
We seek to offer multiple channels for employee engagement with senior leaders and opportunities for them to offer feedback to help us improve our performance and make our company a better place to work.
Employee Engagement Surveys
We regularly solicit employee feedback through a confidential, company-wide survey on culture, management, career opportunities, compensation and benefits. The results of this survey are reviewed with senior and executive leaders. We use employee feedback to update employee programs, initiatives and enhance communications.
Employee Town Halls
CEO Dan Schrider and CFO Phil Mantua are featured speakers during our quarterly town hall meetings that are open to all employees. We also include a variety of guest speakers to highlight different areas of our company and to give employees access to a variety of leaders across the company.
Through Chatter, our internal message board, employees stay connected and share volunteer and donation opportunities, events and activities. In 2020, Chatter was a critical means for employees to remain connected during the pandemic.
Quarterly Principles Awards
Employees can nominate their fellow employees who demonstrate any of our core principles in delivering a remarkable experience to an external or internal client. Winners are recognized at quarterly President’s Circle events hosted by executive management. The events were deferred in 2020 due to the pandemic and will restart when it is safe to do so.
Meeting in a Box
Winner of a CXPA Innovation Award, our Meeting in a Box initiative engages employee teams in a monthly, synchronized effort to discuss the same client or employee experience.