C+
67/100
First Merchants Bank Opens in Fitzgerald Neighborhood!
First Merchants Claimed Company
For consumers and businesses and all customers, First Merchants Bank delivers uniquely attentive service across a broad range of financial services. As a community bank with a strong positive reputation, we approach all customer relationships with a genuine “helping you prosper” service approach. read more
First Merchants Compensation Employee Reviews
All
Positive
Constructive
What is the best part about your compensation package?
It is always being reviewed to see if improvements or new offerings can be made.
Review from HR Dept
Compensation is actually on the light side relative to peers, but at a smaller company I understand it.
Review from Customer Success Dept
incentive pay outs , could be more 'profit sharing'.
Review from Sales Dept
Retirement plan that is offered
Review from Customer Success Dept
Employee stock options, 401(k), quarterly bonuses
Review from Admin Dept
Competitive salary and good work life balance,
Review from Finance Dept
The retirement package and PTO are very good when you look at most other companies.
Review from Customer Support Dept
The ability to earn extra income by meeting goals
Review from Finance Dept
I would have to say my HSA match as well as the 401k match
Review from Customer Support Dept
time off for catastrophic events in a life
Review from Operations Dept
The compensation package is not great, but it's adequate.
Review from IT Dept
I honestly don't know how to answer this question.
Review from IT Dept
paid vacation and sick days for part time. that is really a blessing First Merchants does
Review from Customer Success Dept
ability to make additional money
Review from Sales Dept
bonus opportunity to be paid
Review from Sales Dept
accessible, good 401k program and Insurance
Review from Sales Dept
Vacation and Flexibility to work remote
Review from Admin Dept
Overall, I am satisfied with all the features and benefits.
Review from Sales Dept
The initial pay rate that was offered for the position.
Review from IT Dept
I am satisfied with everything. My base pay, bonus structure, RSAs, etc.
Review from Operations Dept
Why do you feel undervalued and what would make you feel better about your compensation?
I wish there were more opportunities to earn bonuses. I wish that the amount of PTO days increased each year we stayed on w/ the company
Review from Customer Support Dept
Compensation nationally has not kept in pace with inflation, so it is inherently low. Combined with a position in customer care that requires consistent training in roles above my paygrade, while adding more tasks from those roles to my own, without any meaningful increase in wages or benefits
Review from Customer Support Dept
When my position was evaluated it was lumped in with a general role. My role is complex and requires being a subject matter expert in many areas
Review from Operations Dept
Salary adjustment to come in line with competitors. Salary is at least $20k lower in my area for the same position at a competitor.
Review from Sales Dept
Compensation does not adequately reflect the volume of work and specific responsibilities that are required of one in my position. I believe pay should more directly reward strong performance matched with volume and productivity which varies from person to person and branch to branch.
Review from Customer Success Dept
I feel that for the things we deal with and the hours we work, a little more starting pay would be appreciated and even little raises would also help.
Review from Sales Dept
Upper management in my area does not appreciate the work my team and I do, our pay hasn't even kept up with inflation let alone incentivized excellence.
Review from IT Dept
Referral goals are unattainable in a small branch. Hourly base pay is low.
Review from Customer Success Dept
The difference between the gross pay and the net pay is huge, we are not allowed to hit or get paid overtime even if for some reason we have to hit overtime.
Review from Operations Dept
I have been here 3 years and am making the same amount hourly as the CRR who has been here for 6 months. I should be compensated for longevity and loyalty to the company
Review from Operations Dept
My compensation does not fully reflect my contributions to the company
Review from Customer Support Dept
A raise. HR's reports for my market consistently tell me I'm underpaid.
Review from Sales Dept
Market evaluation for like roles and incentive plan adjustment.
Review from Sales Dept
The recent raise given across the board makes it so that I, as an employee of 3 years tenure, am making the exact same thing as the person that has been here less than a year. Where is the reward for loyalty and length of service.
Review from Operations Dept
The work I do is highly valued and I'm more often then not asked to assist other teams with work that I have past experience with but isn't currently a part of my role and responsibilities. I don't mind stepping in and helping, but I still have high-priority and highly visible projects I need to do.
Review from Product Dept
Additional vacation and sick days. A more lenient attendance policy in general would be beneficial.
Review from Customer Support Dept
BETTER COMENSATION - MORE MONEY ALIGN WITH JOB TYPE
Review from Admin Dept
A position that reports directly to me has a higher salary maximum within the job grade architecture than my position.
Review from Admin Dept
I'm at the low end of the pay grade and low compared to market surveys.
Review from HR Dept
Compensation should be better aligned with industry standards for the position.
Review from IT Dept
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