Social: Workforce
Our 4,966 team members are the bedrock of our success. We succeed through their diligence and support, collaboration and innovation. Ours is a culture that celebrates the individuality of each of our team members while fostering a collective spirit of tenacity, inspired action, ambition to win the right way and collaboration in everything we do.
Talent recruitment
We are committed to recruiting a diverse pool of candidates for open roles. We participate in and sponsor recruitment events focused on diversity, including those for individuals with disabilities, LGBTQ+, veterans and more. We partner with leading organizations and institutions—including Circa, Diversityjobs.com, BankWork$, Hispanic chambers of commerce, women’s professional networks and others—that promote and support talent development from underrepresented groups.
Our recruiters all hold the AIRS® Certified Diversity Recruiter designation and are accountable for monthly recruitment outreach efforts to diverse organizations, including HBCUs (Historically Black Colleges and Universities). We also conduct regular outreach efforts to previous diverse applicants who met minimum qualifications to highlight newly opened positions.
All job postings are gender-neutral and free of gender pronouns and bias. We implemented an “AI assistant” to provide 24/7 customer service to prospective candidates and applicants. Our AI assistant is multilingual and can engage prospective candidates in more than 100 languages.
We utilize a website accessibility checker on our career site. This digital tool scans for on-page and technical accessibility issues and errors. These insights help ensure our websites comply with recognized accessibility standards, such as the latest version of the Web Content Accessibility Guidelines (WCAG). Website accessibility checkers are also useful tools for preventing violations of U.S. accessibility legislation, like the Americans with Disabilities Act (ADA) and Section 508 of the Rehabilitation Act.
As positions open across the organization, our recruiting team seeks to present hiring managers with a slate of candidates that is at least 30% diverse. All managers are assigned training on recognizing and mitigating unconscious bias.
The company’s early career program—the Accelerated Career Track (ACT)—provides opportunities for soon-to-be graduates, recent graduates, and mid-career or seasoned professionals to start their careers in financial services with BOK Financial. This program includes a rotational development program and a summer internship program. With an increased emphasis on recruiting from our internal talent and a wider pool of institutions, we have significantly improved the diversity of recent ACT and intern classes, with the 2023 ACT class comprising 28% people of color, compared to 7% 10 years ago.
Training and development
Recognizing and developing the talent within our workforce helps ensure employees at all levels experience meaningful career journeys. Learning opportunities are identified through a formalized intake framework focused on capability, performance and intended outcomes of the course. All learning opportunities are evaluated for effectiveness by the employee and their manager, assessing the level of knowledge gained, application of concepts on the job and impact of the learning to the organization.
We provide learning opportunities that allow employees to deepen their understanding of diverse skills and knowledge. The company uses four distinct strategies to accomplish this, including:
Live and virtual courses focus on a variety of diversity and inclusion topics taught by our Talent and Organizational Development Consultants.
Inclusion topics are intentionally woven into formal learning opportunities allowing employees to engage with diversity and inclusion concepts in multiple ways.
Custom-built digital resources provide tools for employees to learn and practice inclusion strategies from any place at any time.
All employees have access to on-demand learning including more than 300 courses on diversity and inclusion.
All employees can access an online learning tool that provides more than 16,000 courses, including custom content based on need. In 2023, our employees completed over 9,500 courses and viewed nearly 260,000 videos on various technical and soft skill topics, devoting over 12,000 hours to personal and professional development.
All employees are encouraged to create and document a Career Development Plan outlining goals for short-term and long-term career aspirations, including social learning, experiential learning, and formal coursework. We also offer a variety of mentoring and leadership development opportunities, giving all employees exposure to leaders and the opportunity to develop personally and professionally.
Performance management
The company’s performance management program helps employees perform their jobs to the best of their ability, and includes a strategic alignment of an employee’s work to team and organizational goals. The company’s performance management process includes setting and reviewing goals, assessing employee performance, and having and documenting a discussion about performance in relation to goals. Managers conduct performance check-ins at least two times a year.
Employee engagement
The company’s focus on the importance of a highly engaged workforce allows us to attract and retain the finest talent in the industry. We leverage an engagement survey tool every 18 months to measure engagement, inclusion and empowerment within our organization with a continual eye for improvement. In addition to our engagement survey tool, we leverage a pulse tool throughout the year to understand employee sentiment on important topics. We believe that a highly engaged and empowered workforce operating in an inclusive environment is a key differentiator that enables our company to achieve its long-term strategic goals. In 2023, BOKF reached an all-time high in employee engagement, which is considered world-class.
Turnover rate
BOK Financial values an environment where each employee’s unique gifts and differences are recognized, respected and utilized. That environment has kept employee turnover below industry levels: 14.0% in 2023.
Benefits and wellness
We seek to offer inclusive policies, benefits and programs that holistically meet the diverse needs of our employees, including:
BOK Financial works hard to ensure our employees can be their best selves at work. Here are a few of the milestones on the wellness journey we’ve taken with our employees:
- Added salary-banded medical premiums to ensure affordability at all salary levels.
- Added coverage for domestic partners.
- Introduced myWellness, a free “outcome-based” wellness program.
- Increased employer contribution to the HSA for employees earning less than $51,000.
- Implemented telehealth to deliver physical and mental healthcare remotely.
- Launched free program supporting physical wellness by nationally recognized vendors, resulting in weight loss of 19,700 pounds over seven years.
- Launched student loan modeling tools to provide education on student loan management and refinancing where practical.
- Introduced a free nationally recognized diabetes management program for employees and spouses available to those diagnosed as pre-diabetic or type 2 diabetic.
- Launched at-home biometric screening option to ensure equitable access in obtaining medical-premium-reducing wellness credits.
- Deliver financial wellness education through an online resource that provides articles, interactive calculators and step-by-step tutorials on all aspects of financial planning.
Diversity and inclusion
Recognizing, respecting and leveraging diversity is central to our company. We view this approach not only as a good business practice but simply as the right thing to do for all employers. The company’s CEO-led Diversity & Inclusion Council was launched in early 2019, helping to bring into focus the considerable efforts already occurring across the company.
The company’s DEI education strategy is focused on fostering a collaborative culture that attracts diverse customers and employees that grow and succeed together. In 2023, we achieved the following:
- Evolved inclusion education for all employees.
- Grew mentor program participation.
- Grew Communities of Practice.
- Continued to leverage data to measure DEI progress.
- Expanded communication initiatives.
- Grew awareness of our diverse supplier program.
- Grew and supported our diverse communities.
BOK Financial supports the CEO Action Pledge for Diversity, Equity and Inclusion, the largest CEO-driven business commitment to advancing diversity, equity and inclusion in the workplace. The pledge outlines actions signatory CEOs will take to cultivate an environment where all ideas are welcomed, and employees feel comfortable and empowered to have discussions about diversity, equity and inclusion.
The company also became one of the first employers to take the Mayor’s Pay Equity Pledge, a voluntary employer-led initiative created in participation with the Mayor’s Commission on the Status of Women with a goal of closing the gender pay gap in Tulsa. For the second consecutive year, we were recognized as a 2023 Top Inclusive Workplace by Mosaic, the Tulsa Regional Chamber’s diversity business council. This award recognizes the company’s strength in community outreach, CEO commitment, internal policy, diverse suppliers and diverse people.
In 2021, the company broadened our definition of diversity and inclusion to look beyond race, ethnicity, and gender to reflect the value of all diverse perspectives. Employees were invited to self-identify their sexual orientation. In 2022, we expanded from Diversity and Inclusion to Diversity, Equity and Inclusion. While Equity was always implied, we wanted to be intentional to ensure employees were getting what they needed at the right time to be successful at BOK Financial.
The company was recognized by DiversityInc® (now Fair360®) as one of the nation’s top six regional companies. The rankings are based on company-submitted data in the areas of: leadership accountability, human capital diversity metrics, talent programs, workforce practices, supplier diversity and philanthropy.
The company also received the 2023 Veteran Employer Champion award which recognizes employers creating veteran ready cultures by hitting benchmarks including hiring and recruiting, onboarding, and community support of veterans.
In 2021, we joined DiversityJobs which allows us to promote 100% of our jobs to diverse groups of more than 15,000 community-based organizations and niche diversity sites. This membership allows us to connect directly with all people of color—including Black and African Americans, Asians, Hispanics and Native Americans—as well as women, veterans, people with disabilities, older workers and members of the LGBTQ+ community.
Recent Recognition
Workforce demographics
At BOK Financial, our goal is to foster a work environment where employees can be themselves, fit in and feel compelled to help others fit in. Fostering a collaborative culture that attracts diverse customers and employees allows us to grow and succeed together. We continually research, assess and measure our workforce demographics as we drive toward being representative of our communities.
Pay equity
BOK Financial’s commitment to pay equity is central to our comprehensive compensation practices and policies. We evaluate our workforce to ensure that employees performing similar work at the same level have equitable compensation opportunities.
The company performs an annual pay equity analysis to monitor and manage pay equity across the company and participates in compensation market surveys on an annual basis to ensure we are paying market-competitive rates.
