been loyal to us get to enjoy those same things,” he asserts. CREATING A SUPPORTIVE EMPLOYEE CULTURE Wallkill Valley Federal Savings and Loan takes a holistic approach to employee compensation and culture. Recognizing the competitive nature of the labor market, especially when competing with companies like Amazon, Horodyski says the bank has focused on not just hourly wages but the total value of compensation, including benefits and deferred compensation through 401(k) contributions. He shares that Wallkill Valley pays 80% of medical benefits, a significant factor that is discussed with employees when comparing overall compensation. “Having a new employee understand the full compensation has been really helpful to them understanding what their value is to the organization,” he says. “It just goes back to us being upfront and transparent. We really have no secrets. What we to make sure we can provide that to our customers too,” Horodyski conveys. “That’s where most of our spend has been, on the tech side, just making a more seamless experience for the customer.” This includes expanding remote deposit capture, as well as incorporating tokenization for digital wallets and tap-to-pay functionality. “Really, it’s the conveniences that you get to enjoy at a bigger bank. We want to make sure our customers who have Paving the way for Your Success & More. The Bonadio Group is committed to paving the way for a new era of public accounting and advisory services. Bonadio’s Financial Services Team understands the intricacy of the financial services industry. We can assist with our multidisciplinary approach that maximizes financial and operational functions, ensures compliance, and mitigates risk, all while addressing many issues impacting the industry. Connect With Us: 877.917.3077 | bonadio.com | 80 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 11
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