Scotiabank "good benefits" Reviews | Glassdoor.ca

Scotiabank Employee Reviews about "good benefits"

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  1. "Good organization to work with"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kingston (Jamaica)
    Current Employee - Anonymous Employee in Kingston (Jamaica)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than 3 years)

    Pros

    Good benefits, very structured policies and procedures

    Cons

    Frequent restructuring, job cuts and high staff turnover


  2. "Good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Toronto, ON
    Former Employee - Project Manager in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank full-time (More than 3 years)

    Pros

    good benefits, pays on time

    Cons

    slow, decision making are slow, a lot of layers, But normal given the size and type of company

  3. Helpful (4)

    "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Toronto, ON
    Current Employee - Manager in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 3 years)

    Pros

    Good benefits as any large Canadian bank

    Cons

    Senior management horrible, not engaging, lots of favourtism or just ignorance of what is actually going on, doesn't care about employees and their well being

    Advice to Management

    Take more care in people you manage or they will leave


  4. Helpful (4)

    "Vancouver Main Branch specifically"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Representative in Vancouver, BC
    Former Employee - Customer Representative in Vancouver, BC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scotiabank part-time (Less than a year)

    Pros

    -Other Tellers and Financial Advisors were excellent at collaborating, very professional, and nice to work with. Mostly a younger workplace.

    -Easy to develop a friendly relationship with clients and partners who regularly come in.

    -Good benefits/vacay for young full timers or 5-day-a-week part timers just starting out.

    -Convenient downtown location.

    Cons

    -Training was very disorganized and rushed, and they expect you to be proficient with the job in mere weeks despite the amount of industry/process knowledge and system familiarity needed.

    -Supervisors were at times extremely rude, disrespectful, micromanaging, or not at all supportive. Supervisors would sometimes openly berate and reprimand employees for minor mistakes, or for even asking questions or expressing the need of support. Supervisors will also get upset with you if you don't take your breaks at the strictly allotted times but also question you if you use the bathroom more than they think is necessary (which is absurd and humiliating).

    -Management was totally oblivious or unresponsive to the level of disorganization in training/onboarding new employees, and the unprofessional behaviour of their supervisors.

    -You'll be hired as a part timer just under the full time threshold and pay you like a part timer, but in reality you will work full time hours due to late after hour closing procedures.

    -Extremely high turnover and low service staff morale due to poor supervisor/management leadership and support, low pay-high stress, very little flexibility in working hours, and almost no autonomy.

    Advice to Management

    -Develop a system of training that doesn't leave new employees feeling totally lost and unprepared, and thus later on very stressed, anxious, alienated from their jobs, and dying to quit.

    -Hire better supervisors who treat people with respect and are actual leaders and mentors.

    -Acknowledge the failings of this branch instead of patting yourselves on the back when good NPS scores occur. Stop using buzzwords like "ownership," "accountability," and "customer focus" and actually address what the problems are using honest language and follow through.


  5. "Great as a student - to much sales focus"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank part-time

    Pros

    Great people
    Positive environment to work in
    Good benefits & pay

    Cons

    Focused highly on sales targets


  6. Helpful (5)

    "FINANCIAL ADVISOR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than 8 years)

    Pros

    1. Customers are great and (i know it sounds cliche but....) it feels good knowing you are helping them achieve their goals.

    2. Good benefits like health card, free banking, discount on iTrade

    3. Huge organizations so lots of potential for growth (If by some miracle you get called for a position you applied for online, usually promotions given to friends and favorites

    Cons

    1. Office gossiping is very high and the Managers sit and do nothing to help the sales team meet goal. The pressure is completely on you.

    2. Tremendous amount of paperwork and service issues that takes up the advisors time. Your whole day can get ruined with paperwork

    3. Sales goals are ridiculous and stressful

    4. Compensation is not worth the stress. FA4 $40k, FA5 $50k, FA6 $65k. Goals 12mil, 18mil, 26mil respectively for a medium size branch

    5. High turnover (Maybe treat current staff properly and this will change). Also customers hate when their advisor changes often

    6. When you leave work your mind will still be there (high stress environment)

    Advice to Management

    They do a lot of talking but more action is needed. How about they pick up the phone and reach out to customers? Pay your advisors their bonuses at the end of the year and stop trying ton find reasons to reduce it. That's highly demotivating. Be empathetic to customers and not combative/defensive


  7. "Commercial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Toronto, ON
    Current Employee - Financial Analyst in Toronto, ON
    Recommends
    Positive Outlook

    I have been working at Scotiabank full-time (Less than a year)

    Pros

    good benefits, good culture and good co workers

    Cons

    working during weekends, working under pressure

    Advice to Management

    xxxx

  8. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Risk Manager in Toronto, ON
    Former Employee - Senior Risk Manager in Toronto, ON
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time (More than a year)

    Pros

    Good benefits.
    Smart and nice people
    Space for promotion

    Cons

    Organizational changes are common and there is lack of communication
    Base salary is not the best for Baning in Toronto


  9. "Financial advisor will"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank full-time

    Pros

    Good pay and good benefits

    Cons

    Management was not the most supportive. They did not care about helping their employees succeed.


  10. "Social Media and Content Manager"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time

    Pros

    Good benefits, compensation and vacation policy

    Cons

    Too large corporation where sometimes your ideas don't go too far