B+
77/100
Bank of Hope Claimed Company
Headquartered in Los Angeles, Bank of Hope has been providing financial services to the largest Korean American community in the country for 40 years and is today one of the leading Asian American banks in the United States.
Bank of Hope serves a multi-ethnic population of customers through 53 full-service branches across nine states and 13 Loan Production Offices adding presence in three additional states. With $20.57 billion in assets, the strength of the Bank lies in our experienced management team, focus on sound risk management and governance practices, and commitment to the communities that we serve. read more
Bank of Hope Compensation Employee Reviews
All
Positive
Constructive
What is the best part about your compensation package?
I like insurance and 401K.
Review from Admin Dept
The pay, benefits, insurance coverage and bonuses.
Review from IT Dept
How it is structured, providing fair wages for the times we are living, giving employees a portion of the bonus at the end of the year (helps a lot), above average medical and insurance coverages packages that would cover us during extreme life events, not raising the cost of benefits to employees
Review from IT Dept
Health benefits here are excellent.
Review from Operations Dept
My share for health care benefits is low.
Review from Finance Dept
health insurance and 401k retirement plan
Review from Customer Support Dept
health insurance, including dental, vision and 401K
Review from IT Dept
Hybrid work schedule, medical insurance
Review from Admin Dept
The health and wellness benefits are quite good.
Review from Admin Dept
The employee share of the health benefits is outstanding!
Review from Admin Dept
health insurance & 401 k benefit
Review from Operations Dept
401K 75% match and medical insurance.
Review from Operations Dept
Health and 401K Match benefits are the best part of my compensation. However, I feel stuck in same position and same salary.
Review from Product Dept
Salary, benefits, and annual incentive compensation
Review from Operations Dept
Salary, insurance, bonuses and holiday time off.
Review from Business Development Dept
The best part about my compensation package is how I have options to choose my benefits based on my needs.
Review from Admin Dept
Health, vision and dental insurance
Review from IT Dept
the package is competitive and fair. Only thing that could be improved is the ability to cash out the accumulated vacation time if not used within the year.
Review from IT Dept
The salary is fair and I like the 401k match.
Review from Operations Dept
I am highly satisfied with the 401k match and insurance benefits offered through Bank of Hope.
Review from Admin Dept
Why do you feel undervalued and what would make you feel better about your compensation?
i can make $20/hr flipping a burger at mcdonalds yet i make $17.50 handling millions of dollars in transactions . . .
Review from Operations Dept
I feel that my hourly wage is unfair. The inflation has gone up dramatically but my salary stays the same. The CEO makes so much money annually while everyone else get laid off or doesn't. People who haven't been laid off have to take the workload with no change in pay but more work.Extremely unfair
Review from Customer Support Dept
The percentage of deferred bonus is high and the vesting period for businesses is conservative and, when someone retires, they should not have to forfeit unpaid but earned bonuses.
Review from Business Development Dept
Compensation at the bank is not competitive.
Review from Finance Dept
High compensation or better benefits or perks.
Review from Customer Support Dept
don't have clear career growth opportunities.
Review from IT Dept
I feel that I’m not being appreciated or promoted for having to deal with things that managers or officers can not handle or manage at branch such as working with non Koreans and/or writing emails on beha
Review from Operations Dept
I do two title jobs with low pay.
Review from Customer Support Dept
The pay was low compared to the job.
Review from Finance Dept
The salary is too small compared to the amount of work done. The pay needs to be raised.
Review from Operations Dept
The annual evaluation score is not appropriate. It would be nice if SICK DAY that is not used every year is paid, and bonuses are given twice a year.
Review from Operations Dept
Compensation level is lower that employees in other departments but workload is much heavier
Review from Finance Dept
When your team understaff and doing the work of 4 people but getting paid for the work of one. What would make it better would be a merit increase .
Review from Operations Dept
Suggestions are seen as complaints, Accountability throughout the company is not professional. Also most of your seniors will talk to you in a degrading manner.
Review from Operations Dept
if the compensation was at a more competitive rate
Review from Sales Dept
Have been here a long time. Think a promotion would be advised. The rating system for reviews is very unfair. We are rated on something that not all of us have the ability to change.
Review from Operations Dept
Manager just say I am doing a good job but don't have the opportunity to negotiate my salary. If you look at the salary for the past three years, it is not even close to the inflation rate at all. As long as you don't change jobs, no matter how long and hard you work, your salary will hardly change
Review from Operations Dept
at least market level salary
The salary should be based on the level of job you are doing rather than paying a blanket salary.
Review from Finance Dept
Pay is not fair for the amount of work done.
Review from Customer Support Dept
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