Scotiabank Employee Reviews about "hour"

Cons

Scotiabank pretends to care about the customer.... They only care about the bottom line. They treat staff like slaves and have pushed out most of the more experienced staff hiring young kids and call them advisors. I get better advice from my garbage man. They have taken away the work life balance and make advisors work 80% of the extended hours shifts. I left Scotia to go to a company that actually treats staff and customers amazing. They really need a new CEO and not one the snipes out all his competition and squeezes all employees to fatten up his wallet.

Cons

Long hours and layers of managment

Cons

Too many politics. A DIRECTOR or VP will sacrifice you when they screw up and those types screw up a lot. We saw lots of Senior Mgrs and Managers fired because of the mistakes of their bosses. Salaries and benefits below average and there is a reason Scotiabank no longer in the Canada's Most Admired list. Long hours in IT and other depts so really you're making like 10 dollars an hour. Lots of Directors and VPs with poor, old skills. They just know how to talk in mtgs and go for coffee with other upper mgmt. Never spend money on training, promotion still about who you know, not what you know. Director and VP will never support you if doing soon takes courage. All the good people already left. Just 3 types now: 1. young people out of school, 2. Old people couldn't get a job anywhere else and 3. People sending out their resumes

Cons

Low, low pay. I was making $38,950 which is OK and competitive with other banks but not other fields of work. TONS of paperwork for every little thing. Management was inconsistent - managers weren't hired because of their management abilities but because it is the next step in career progress after Financial Advisors - so 1 manager was awesome, approachable, friendly, and another was mean, belittling, and would micromanage the hell out of us. I was encouraged to downplay the good, basic accounts like regular chequing or No-Fee Visas and focus on "upselling" more expensive banking products even to people who didnt need them.

Cons

Very long hours during annual reporting and semi reporting periods (up to 12 hours every day at least)

Cons

Usually understaffed at the branch

Cons

- Sometimes managers will throw their own staff under the bus and humiliate them in front of other coworkers and even customers - In some cases there isn't a lot of consistency when it comes to policy adherence. Some branches will bend to their managers wants and needs and staff won't be publicly respected by said manager unless you suck up to them - Sometimes managers will make the rules up as they go and won't follow the key guidelines and principles of the company. Anytime a staff member doesn't follow certain made-up rules they are once again publicly humiliated in front of other staff and sometimes even customers. - For the most part, management is very professional and respects everyone; but not all the time. In some cases managers will be very unprofessional even when customers are in the branch. For example they will be eating at their desk in full sight of customers, yell and laugh loudly or even make a personal phone call where everyone can hear them.

Cons

- long hours and lots of weekends/overtime to finish deals that isn't compensated or recognized. manager only sees results not effort and OT to get it done - easy to get pigeon holed in retail sector and not given corporate opportunities - lots of advancement in branch but not throughout company - pressure to perform and deliver every single day, no grace period or slowing down as soon as one deal closes management expects another - downsizing meant more responsibility lots of smaller administrative tasks and unnecessary jobs passed on to advisors taking time away from more pressing matters and frustrations expecting to be and do everything

Cons

Nothing I could think of

Cons

The New York Agency is in high-growth mode and therefore very disorganized. This was the first year the company has really grown its intern program and it showed. During the interview process I was shuffled around onto a different team than I originally thought I was applying for; I was dismayed to learn several weeks later that my preferred team had asked for interns but was denied by management. There was also a lack of intern-specific events, the company hosted a couple luncheons with internal speakers but any other event was at the discretion of the department we found ourselves in. My experience was overall positive but I felt that it was too heavily reliant upon my coworkers going above and beyond rather than enabled through HR/higher-ups.