Arvest Bank "profit sharing" Reviews | Glassdoor

Arvest Bank Employee Reviews about "profit sharing"

Updated Oct 30, 2019

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4.0
77%
Recommend to a Friend
86%
Approve of CEO
Arvest Bank Chairman and CEO, Arvest Holdings and Arvest Bank Jim C. Walton
Jim C. Walton
186 Ratings
Pros
Cons
  • "Low pay for front line management vs other banks(in 22 reviews)

  • "Branches are beginning to all be short staffed because they want to work with less tellers(in 11 reviews)

More Pros and Cons

Reviews about "profit sharing"

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  1. Helpful (1)

    "Great place to work."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Full Time Employee in Lowell, AR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time for more than 3 years

    Pros

    Continued opportunity for advancement and raise through annual evaluation. All full time associates receive a profit sharing bonus as a % of base salary payout. The same payment also goes to an employee retirement account with a 2yr vesting period. Good 401k

    Cons

    None. the company has a culture which supports transferring to other positions if you end up disliking your area of work.

    Advice to Management

    None.

    Arvest Bank2019-10-31
  2. "Good pay if you can hit your sales goals"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Sales Representative in Joplin, MO

    I worked at Arvest Bank part-time for more than 3 years

    Pros

    Monthly bonuses for hitting sales goals, profit sharing, fair PTO benefits, were great with my college schedule, yearly raise for good performance

    Cons

    Staffing is stretched VERY thin, doesn’t pay as much as competitors, part timers will work most/all weekends, usually not enough staffing to take proper lunch break

    Advice to Management

    When I started with company, we had adequate staffing and the employees felt valued. Over the years, money became more important than staff morale. Most days there was not enough help to even take breaks, even when we were forced to work open-to-close shifts. Invest more in helping your staff succeed, and it will pay off tremendously.

    Arvest Bank2019-07-25
  3. "Mortgage Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Loan Officer 

    I worked at Arvest Bank full-time

    Pros

    Profit sharing, small bank, culture

    Cons

    no career development lack of leadership

    Arvest Bank2019-07-13
  4. Helpful (2)

    "What’s their turnover ratio?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - IT Management in Lowell, AR
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Arvest Bank full-time for more than 5 years

    Pros

    Profit sharing 401k match Health insurance premiums

    Cons

    Retaliation from managers No clear direction of company communicated

    Advice to Management

    Arvest likes to promote their culture to its associates - through culture rallies and meetings, but when all is said and done and the rallies are over, the culture isn’t viewed favorably by many associates. Primarily when executive management belittles people publicly and even senior management retaliates against associates for not ‘being one of the sheep’. Maybe that’s what they truly desire - sheep.

    Arvest Bank2019-04-21
  5. "Fair"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - DLP Holds Analyst 

    I have been working at Arvest Bank full-time for more than a year

    Pros

    401k contribution and profit sharing.

    Cons

    Hard to move up in the organization.

    Arvest Bank2019-02-14
  6. Helpful (1)

    "Good company poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Bank Teller 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Arvest Bank full-time for more than 3 years

    Pros

    Great benefits, good insurnace, awesome paid time off and profit sharing bonus

    Cons

    Poor management, promised room for growth but hard to move up, low pay compared to other banks in the area.

    Arvest Bank2018-09-18
  7. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Credit Analyst in Bentonville, AR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time for more than a year

    Pros

    Autonomy, 401K match, profit sharing bonus, competitive pay for the industry

    Cons

    Outdated technology can cause for lack of efficiency

    Arvest Bank2018-09-18
  8. Helpful (1)

    "Advancement Opportunities dwindling"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Risk in Lowell, AR
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Arvest Bank full-time for more than 10 years

    Pros

    Work-life balance Appreciated PTO starts accruing first day on the job 401k is competitive Profit Sharing Right the right manager, you can make a difference

    Cons

    Hiring more and more externals, limiting opportunities for internal No job security- many 20 year veterans (and longer) being let go from

    Advice to Management

    Develop your talent from within. Some maybe interested in new jobs being created, give opportunities to learn and see what people can do.

    Arvest Bank2018-05-30
  9. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Commercial Banker 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time for more than 5 years

    Pros

    Time off, profit sharing, promote from within

    Cons

    Average pay compared to market

    Advice to Management

    Stay focused on keeping employees happy

    Arvest Bank2018-04-20
  10. "Senior Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank part-time

    Pros

    Work with schedule, flexible hours, great benefits and retirement. Profit sharing bonus annually. Great culture. Plenty of training for job you’re doing.

    Cons

    Saturday’s and open until 7 throughout week. Might not be a great fit for people with kids if you want 9-5 jobs. Requires some travel

    Arvest Bank2018-02-06
Found 37 reviews