Sponsored: SoFi is a personal finance company with two offices in northern Utah. Now, the company that lets people manage their money through an entire app has been voted one of Utah’s Top Places to Work in 2022.
SoFi (short for Social Finance, Inc.) is a digital personal finance company on a mission to help people achieve financial independence. With offices in Salt Lake City and Cottonwood Heights, Utah, SoFi was selected as one of Utah’s 2022 Top Workplaces in the Large Business category.
When SoFi started in 2011, it started with student financing. Fast forward 11 years, SoFi, now a public company, has expanded its product offerings to allow people to borrow, save, spend, invest and protect their money in one place.
SoFi is changing the way people think about and interact with their personal finances. With many people reporting high levels of financial stress, often associated with a lack of financial literacy, SoFi is on a mission to provide its members with products, tools and resources so they can manage their money with confidence.
SoFi takes the guesswork out of people’s financial lives so they can continue to live the life they want to live, achieving the financial independence to fulfill their dreams. These desires can be different for everyone. For some, buying a house or car, paying off student loans or credit card debt, saving for retirement, starting a family, investing for the future, or all of the above! Regardless of the financial goals of each member, the SoFi mission is easy for employees to celebrate.
SoFi employees feel connected to the company’s values
SoFi has 11 core values, which are incorporated into our programs and resources. In today’s world, people want to feel connected to the value system of the company they work for, and many SoFi cultures focus on those values.
For example, SoFi has a “Value of the Month” program where every month, SoFi highlights one of its 11 core values, such as “Be Gritty and Accountable.” The company has a program that is linked to how its employees can bring the monthly value of life at work and in their personal life. In addition to SoFi’s values, SoFi employees are deeply committed to the company’s mission of helping people make the most of their money. People love coming to work every day knowing that what SoFi is doing has a positive impact on people’s everyday lives.
SoFi focuses on employee health and performance
SoFi employees may come on board because they stand behind the company’s mission, but they also stay because of SoFi’s constant focus on employee happiness. During COVID-19, SoFi has come to understand the importance of providing employees with flexibility in terms of “where” they work. To this end, SoFi has a flexible and employee-first approach to the workplace, where employees work with their managers to determine if it fits their professional and personal needs. being in the office full-time, remote, or hybrid mode.
More than ever as a company, SoFi believes that people are what makes a company special. SoFi’s culture, programs, benefits, and benefits all revolve around how they can better care for their employees so they can be their best at work — and work is easy. change is a big part of it.
SoFi also ensures employees have the time and space to give back to their communities. SoFi gives employees 16 hours a year to volunteer with organizations that align with the company’s mission. They also have SoFi Cares, which prioritizes employee wellness through guided meditations, in-office massages and monthly lunches. Services are a great way to help employees find a sense of community, which is especially important in a hybrid work environment.
SoFi has two industry-leading career development programs — the first is called “GROW,” a structured mentoring program for underrepresented workers. GROW matches employees with business leaders who mentor employees with the goal of helping employees develop and nurture their personal management skills, leading to career improvement and advancement. .
SoFi’s second development program is called “Explorer”, a unique program that provides employees in SoFi’s Operations department (mobile employees, working directly with members on a daily basis ), the opportunity to work with another team for six months. The goal: either the employee learns new skills and returns to their old job, or transitions to a new full-time job.
Great health insurance is another interesting benefit of working with SoFi. One of the reasons SoFi was chosen as one of the top places to work is the low cost health insurance. SoFi conducted a series of focus groups, and when people were asked about their favorite tangible benefits SoFi offered, nearly everyone said they appreciated SoFi’s lower health care costs, and how not to pay for his family. SoFi also offers time off, fertility and family planning options, and in keeping with their mission, they offer up to $200 a month to employees to pay off their student loans.
Congratulations to SoFi for being named one of Utah’s Top Workplaces 2022! The Top Workplace nominations are compiled by The Salt Lake Tribune and sponsored by Energage, a Philadelphia-based company that specializes in helping companies recruit and retain top cultural talent. To view SoFi’s work, click here.