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Bank of America Claimed Company

Helping to make financial lives better, through the power of every connection. read more

EMPLOYEE PARTICIPANTS: 737

TOTAL RATINGS: 10488

CEO: Brian Moynihan

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Bank of America Retention Score

Bank of America is in the Bottom 40% of similar sized companies in its ability to retain quality employees. 43% of employees would not leave Bank of America if they were offered a job for more money while 57% are excited to go to work each day. Overall, 46% of Bank of America's employees feel the company is doing what it should to retain them while 54% may be considering new employment. Quality employees are difficult to find which makes retaining them all the more important.

Last updated a month ago.

Where This Score Ranks Bank of America's Retention

BOTTOM
40%
In the Bottom 40% of 1341 Similar Sized Companies on Comparably
6th
6th place versus 5 competitors rated on Comparably

Sep

Oct

Nov

Jan

Feb

C66 / 100

Jun

Who Ranks Bank of America's Retention the Highest?

Ethnicity - Native American 84/100

Experience - Entry Level 83/100

Department - HR 82/100

Who Ranks Bank of America's Retention the Lowest?

Department - Business Development 55/100

Tenure - 1 to 2 Years 55/100

Gender - Non-Binary 56/100

Bank of America Retention At a Glance

Bank of America's Retention score is rated a "C" by 690 employees. The category helps understand Bank of America's focus and commitment to retaining employees in their organization.

Over the past three months, Bank of America's Retention score has remained steady at 66/100. Bank of America ranks in 6th place versus 5 competitors which include Rabobank, BBVA, Ally Financial Inc., HSBC, and Wells Fargo. The HR and Customer Support departments are likely to stay at the company the longest, while the Business Development and Product departments are likely to have the highest turnaround.

Bank of America's Retention score is in the Bottom 40% of 1341 similar sized companies (10,000+ Employees) on Comparably.

Bank of America's Retention Trendline

Bank of America66
Similar Size on Comparably

How Bank of America's Retention Score is Calculated

Answer	Percent
Yes	57%
No	43%

Do you believe you're paid fairly?

Answer	Percent
Yes	81%
No	19%

Do you look forward to interacting with your coworkers?

out of 100

How would you rate the quality of your coworkers?

Answer	Percent
Yes	57%
No	43%

Are you typically excited about going to work each day?

Answer	Percent
Every week	24%
Once a month	30%
Once a quarter	17%
Once a year	19%
Never	10%

How often do you get valuable feedback on how to improve at work?

Answer	Percent
Yes	67%
No	33%

Do you approve of the job your executive team is doing at your company?

Answer	Percent
Yes	46%
No	54%

Do Your Company Leaders Do What They Should to Retain You as an Employee?

Answer	Percent
Very Secure	23%
Secure Enough	34%
Neutral	25%
Insecure	10%
Very Insecure	8%

How secure do you feel your job is at your company?

Answer	Percent
Yes	60%
No	40%

Do you have a close friend at work?

Answer	Percent
Yes	80%
No	20%

Would you leave your current job for a 20% raise at a different company?

Answer	Percent
Multiple times a week	13%
Once a week	18%
Once a month	16%
Once a quarter	25%
Never	28%

How often do you socialize with team members outside of work?

Answer	Percent
Yes	55%
No	45%

Do you feel burnt out at work?

Answer	Percent
Yes	68%
No	32%

Are you challenged at work?

Answer	Percent
Yes	43%
No	57%

Would you turn down a job offer today, for slightly more money?

Answer	Percent
Yes	67%
No	33%

Are you proud to be a part of your company?

Bank of America's Retention Rank Against Similar Sized Companies on Comparably

BOTTOM

40%

Bank of America ranks in the Bottom 40% of other companies on Comparably with 10,000+ Employees for Retention Score.

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