Our Total Rewards philosophy addresses all elements of pay and benefits as a consolidated package. This way we can ensure the direct and indirect rewards you receive for working here are valuable and relevant to you.
What We Offer
At Bar Harbor Bankshares, we continuously monitor the competitive compensation landscape in the markets we compete for talent, as it is part of our overall Total Rewards philosophy to provide competitive base salaries and then pay for performance through incentive programs.
Bar Harbor Bank & Trust offers a choice of two comprehensive medical plans with eligibility for $1,000 of employer-paid health savings account (HSA) contributions for those employees who contribute to a Bar Harbor Bank & Trust HSA. Employees can add spouses, dependents, and domestic partners to his/her insurance plan.
Dental and vision insurance
In addition to health insurance, employees can choose to enroll in our dental and/or vision plans. Plans are offered at competitive group rates and, like our health insurance, allow employees to add spouses, dependents, or domestic partners.
Bar Harbor Bank & Trust pays for 100% of the premium for employees’ short- and long-term disability coverage.
Life Insurance and Accidental Death & Dismemberment
Bar Harbor Bank & Trust pays the full premiums for basic life insurance and AD&D coverage, with the ability for employees to purchase additional coverage for themselves and eligible family members.
Additional Voluntary Benefits
- Flexible dependent care spending accounts
- Critical illness insurance
- Accidental injury insurance
- Hospital care insurance
- Supplemental AD&D
This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
Paid Time Off (PTO)
PTO allows employees to take paid time away from work for vacations, illness, or personal needs. Because we know different people have different needs, employees are allotted a single PTO pool of time with flexibility in how they manage it.
- The number of PTO days are allocated based on seniority - both at the Bank and acquired via other banking (or department-related) experience.
- Employees typically get eleven paid Bank holidays per year.
- The Bank provides short- and long-term disability insurance for protection against lost wages during absences for qualifying medical conditions.
- Employees receive PTO to volunteer during regularly scheduled work hours.
Employee Assistance Program (EAP)
The EAP provides employees and their families confidential access to professional counseling services and referrals to appropriate community and private services.
Flexible Work Arrangements
Flexible work arrangements are available for many positions and allow employees to work at home, on the road, or in a satellite location for all or part of their workweek. The program also offers non-standard work schedules such as flexible hours and compressed workweeks. Bar Harbor Bank & Trust considers these various arrangements to be viable, flexible work options when both the employee and the job are suited to such an arrangement.
A variety of wellness campaigns are run throughout the year in which all employees are encouraged to participate. Programs may be competition-based or educational in nature. Through these events, employees may be rewarded with health and wellness items such as Apple Watches, gift cards to local sports outfitters, or sun safety kits.
Employees are provided vouchers to purchase logo clothing to wear in the workplace to represent the Company in a professional and consistent manner.
Employees are eligible for discounts at various companies including, but not limited to AAA, Brattleboro Subaru (VT) and Stanley Subaru (ME), Dell, and, of course, Bar Harbor Bank & Trust.
Tuition reimbursement program
We encourage personal development through formal education so that employees can maintain and improve job-related skills or enhance their ability to compete for reasonably attainable jobs within the Bank. We provide tuition reimbursement for job-related courses.
Technical and soft-skill trainings
Our Learning & Development Team and external partners deliver numerous technical and soft-skill trainings for employees. Trainings are offered in a variety of delivery methods to suit the needs of all types of learners.
Retail Career Paths are tools used to guide employees toward advancement into new positions. The Career Paths outline the education and competency requirements that enable Retail employees to build their skills and qualify to apply for promotion. Career Paths guide employees to focus on the requirements for advancement.
Our 401(k) savings plan provides employees the potential for future financial security for retirement. Employees can tailor their own investment philosophies to meet their personal retirement goals. Bar Harbor Bank & Trust has a generous matching component as well as a loan provision.
Employee Stock Purchase Plan (ESPP)
The ESPP offers employees an opportunity to purchase shares of Bar Harbor Bankshares (NYSEMKT: BHB) common stock at a discount.
The content in this webpage is provided for informational purposes only, and does not constitute a legal contract. Bar Harbor Bankshares reserves the right to amend or terminate any of the plans or programs described in this notice at any time. Further, there may be certain coverage limitations or features based on carrier contract and/or company policy. In cases where discrepancies occur, the Plan Document or other relevant plan materials will be the ruling and binding instrument.
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