Horrible work environment!!! - Anonymous employee TIAA Employee Review

1.0
Feb 10, 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Compensation and benefits are great but the mental abuse they put you through is not worth it.

Cons

Management who thinks development involves micromanagement, intimidation and constantly informing you that your job can be taken away daily. Performance doesn't mean anything (when I left I was at 100% of my sales goals) and they are only looking for "yes" men and women who will agree with the directors point of view at all times. So much time was spent on having strategy calls on how to address your next strategy call. Focus is more on the paperwork than actually helping the clients. Wealth Management Advisor turnover is rampant

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Cons

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Pros

Good starting salary and benefits package.

Cons

The longer you’re there, the more of an expectation that you work more for the same or less income. Producers find it hard to justify staying when leadership keeps moving the goal posts on how to increase income. No rhyme or reason as to how they decide “promotions.” One advisor might have one good year and get promoted over an advisor that produces year in and year out. They fail to share revenue because they’d have a hard time justifying the income level compared to outside advisors with a fraction of the book size. They claim and depend on brand recognition to justify a capped income but fail, or just won’t admit that is why they keep losing their top talent. Operations is a nightmare that I can’t even begin to describe. When I share the processes that have been in place for over a decade, colleagues in the industry shake their head and laugh. They can’t believe we earn and keep business. The saying while I was there was “the biggest threat we face is that TIAA clients start to explore their options outside of TIAA.”

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