Scotiabank "work life balance" Reviews | Glassdoor.ca

Scotiabank Employee Reviews about "work life balance"

Updated Aug 21, 2019

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Found 3047 reviews

3.5
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65%
Recommend to a Friend
68%
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Scotiabank CEO Brian J. Porter
Brian J. Porter
1107 Ratings
Pros
Cons
  • "Work life balance was sometimes tough, but that might vary by department(in 83 reviews)

  • "Very long hours, HR is not very helpful(in 47 reviews)

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Reviews about "work life balance"

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  1. Helpful (3)

    "Great for immigrants, but with low pay and complex structure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time for more than a year

    Pros

    The bank is great for newcomers as it has a large footprint outside of Canada and thus favors language skills (Spanish in particular). Also being one of the worst paying banks, it's easier to hire qualified immigrants (but with no Canadian experience) since it's tough (money wise) to steal from the competitors. Benefits are good - 4 weeks of vacation for level 8, 3 personal days, 5 sick days, an okay insurance coverage....

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    Cons

    Scotia is massive with lots of different areas. Expect to encounter different cultures within different areas of the bank. Lots of gossip, and unfortunately some senior management incentivise that, by asking around people's opinions on their peers! Pace is slow, very slow. Overall the bank is very risk avoider, so decision making is hard and lengthy. Progressing in the career is also though. Ambition is not really...

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    Advice to Management

    Be bolder and empower people to make decisions without having to confer with dozens of others. Things will move a lot faster. Also stop the corridor gossip from senior leadership. Opinions should be formed based on proper performance reviews, not hearsay.

    Scotiabank2019-07-02
  2. "Global Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time for more than 3 years

    Pros

    Fair pace for work/life balance, large company with tons of opportunities, good overall benefits

    Cons

    Evident red tape/inefficiencies, roles and pace can differ across business units/teams/organization, pace can be slow at times

    Scotiabank2019-06-28
  3. "Solid Employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in New Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time for more than 3 years

    Pros

    In my particular role, work/life balance is good, pay is good, I just find the job less stimulating than it could be. It really depends on your department and team. It varies quite a bit. Benefits are pretty good.

    Cons

    Bank is so big that it can take a lot of approvals or drawn out processes to get anything done.

    Scotiabank2019-06-07
  4. "Attitudes need to change"

    StarStarStarStarStar
    Current Employee - Compliance Manager in Toronto, ON
    Doesn't Recommend

    I have been working at Scotiabank full-time for less than a year

    Pros

    Big bank. Good work life balance, good benefits. Modern workspace.

    Cons

    Respect comes only with a bigger title. People are fearful of making mistakes. Very low morale at lower level. VPs and Directors make all decisions, everyone else is essentially powerless. Big company but people are resistant to change and still trying to operate like a small office and afraid of relying too much on technology. Some higher ups have bully like personalities.

    Advice to Management

    Change your organizational structure. Have a coaching culture. Give everyone respect regardless of rank.

    Scotiabank2019-06-21
  5. "Good Place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Analyst Specialist 

    I have been working at Scotiabank full-time for less than a year

    Pros

    Nice place, nice ppl, work life balance

    Cons

    unclear goal, old office working environment

    Scotiabank2019-06-05
  6. "Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager, Operations 
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Scotiabank full-time for more than 10 years

    Pros

    Work life balance and being treated fairly.

    Cons

    Would not promote you as needed.

    Scotiabank2019-06-01
  7. "Stressful"

    StarStarStarStarStar
    Current Employee - Business Analyst 

    I have been working at Scotiabank full-time

    Pros

    matching of employee stock options

    Cons

    work life balance isn't great

    Scotiabank2019-06-15
  8. "Good environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Business Analyst in Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Scotiabank full-time for more than a year

    Pros

    they have good work life balance

    Cons

    they are some politics but overall it's okay

    Scotiabank2019-05-28
  9. "Pay"

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

    I have been working at Scotiabank full-time for more than 3 years

    Pros

    Good benefits, work life balance, and culture

    Cons

    Low Base, difficult to move

    Scotiabank2019-05-23
  10. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director, Risk Management Information Technology in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Scotiabank full-time for more than 5 years

    Pros

    Employee enablement Fair Pay and compensation Work-life balance

    Cons

    Lack of lateral movement Disorganized - lack of commitment to charted paths

    Advice to Management

    Executive level buy-in to the concept of re-training for new roles. The bank terminates people in one arm while hiring vigorously in another - cross training employees to do available jobs would result in less turnover, less costs associated with dismissals and hiring. It would also boost morale and add to shareholder value for the bank.

    Scotiabank2019-05-14
Found 3047 reviews