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Second Workplace Award Makes Webster Tops in All Connecticut

 (9/25/11) — Webster Bank was honored today with its second Top Workplace Award in as many weeks, with the honor this time coming from the Hartford Courant and Fox 61 TV based on a third-party survey completed by Webster bankers in eastern Connecticut.


As a result, Webster is now one of the Top 10 large companies to work for in all of Connecticut.


Webster was ranked No. 8 of the top 10 organizations in the Large Company category of the Hartford Courant/Fox 61 Top Workplaces survey, a category that included firms with 350 or more employees. It was the only bank on the entire list of 45 Top Workplaces. The list of winners was published in a special section of today’s Hartford Courant.


“This honor is especially meaningful because it comes as a direct result of feedback from Webster bankers at all levels of the organization about what it’s like to work here,” said Jeff Brown, Webster Bank executive vice president and chief administrative officer. “I’d like to thank everyone who took the time to offer their input and shine the spotlight on our values, culture and workplace and demonstrate just what it means to have a Type W personality.”


The Hartford Courant/Fox 61 survey was sent this spring to 1,282 Webster bankers based in Hartford, Middlesex, Tolland, New London and Windham counties in eastern Connecticut. In all, 1,112 Webster bankers participated in the confidential survey, or 39 percent of Webster’s total workforce at the time. Our 87 percent participation was well above the median of 70 percent for all participating employers.


Last week, Webster was honored as one of the Top Workplaces in western Connecticut by the Connecticut Post in Bridgeport, The News-Times in Danbury, The Advocate in Stamford and the Greenwich Time. That award was based on the results of a confidential employee survey of Webster bankers this spring based in New Haven, Fairfield and Litchfield counties, the remaining counties in Connecticut. Webster was one of two banks on the entire western Connecticut list; the other was First County Bank, a 15-branch bank in Fairfield County.


Webster's portfolio of SBA loans totals $135 million in total commitments and accounts for more than 12 percent of Webster's Business and Professional Banking loan portfolio.


Both surveys were administered by Workplace Dynamics, a human resources survey and consulting firm. Both surveys asked for employee opinions on 24 questions, ranging from the direction the company is headed to working conditions and compensation. In all, 2,177 Webster bankers participated in the two surveys, or 77 percent of Webster’s total workforce at the time.