Needs a lot of work - Anonymous employee Silicon Valley Bank Employee Review

First, let me says thanks for your candid feedback. Yes, SVB is a fast paced company and we are experiencing rapid growth. With that growth comes a need to hire and retain the best employees. We heard loud and clear from our recent employee engagement survey that SVBers need more support to keep pace with our growth. We’re increasing our growth investments of systems and people and looking to hire across the board – we currently have more than 350 open requisitions. We’re aiming to hire and integrate new employees quickly, but of course this does take time in a competitive job market. Where we’re missing it in terms of living our values around the environment for employees at all levels, I welcome that conversation. Please also know that the Executive Committee cares about SVB employees. It’s why we underwrite roughly 80% of benefits costs, provide a company home loan benefit, offer an employee stock ownership component to our 401(k) savings plan, and year-over-year fund our bonus pool at a multiple. Does offering a highly competitive total rewards package serve SVB’s needs? Of course; no doubt about it. Equally so, however, is the motivation around why we do this and the answer is simple: we really do care about our employees. Please know you can always reach out to me, your manager, or a member of the Executive Committee directly.