1.0
Aug 24, 2022
Poor Benefits and Growth prospects
Current employee, more than 5 years
Toronto, ON
Recommend
CEO approval
Business Outlook
Pros
- Open to hiring newcomers/less experienced people - Client-focused - Stable Job (being a Big 5 bank the job is stable)
Cons
- Salaries lower than other Big 5 Banks - Benefits are not competitive. - Poor retention policy (Higher rate of people leaving jobs) and no policy to retain staff or effort to understand why are employees leaving. - Worklife balance is difficult with too much work due to the high employee turnover rate. - Lack of growth or career progression within departments - Not an ideal place for young people due to a lack of modern technologies used and modern skills learning is very rare. - Annual increments and adjustments are lower than inflation rates.
