How the mighty have fallen - Branch Manager Vancity Employee Review

2.0
26 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Good pay & benefits, including Living Wage employer and defined pension plan.

Cons

Insane amount of nepotism that is conveniently overlooked (given that it exists right up to the executive level), Career advancement is based more on who you are related to or golf with and less on skills/competency. Zero loyalty or respect for staff.

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Vancity Response
1y
Thank you for your review. We’re glad to hear that you appreciate our pay structure and the benefits we offer, including our commitment to being a Living Wage employer and providing staff with a stable retirement income. These are key aspects of our efforts to support employee well-being. We also recognize the concerns you’ve raised about fairness and equity. We understand how frustrating it can be when it feels like opportunities are not aligned with skills or competencies. As a people-oriented organization, we are committed to making advancement decisions that are fair, transparent, and merit-based. While connections may sometimes influence opportunities, all eligible staff are considered, and candidates are evaluated based on their skills, knowledge, and experience. Ultimately, we aim to choose the strongest individual through a careful selection process to ensure they are well-equipped for the role. If you have any further insights that you would like to share, you are welcome to reach out to an HR consultant. Thank you again for your feedback. It is through employee feedback like yours that we can continue to address challenges and work towards creating an even better workplace for everyone. We genuinely care about our team and are committed to fostering a positive, supportive, and inclusive work environment.

Explore other reviews about Vancity

5.0
12 Jun 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nice staff and training for early career

Cons

Non out of my minds

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Vancity Response
3y
Thanks for your review. At Vancity, we take pride in our friendly staff and the valuable learning and development opportunities we offer. Your feedback and kind words are much appreciated!
1.0
17 Aug 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

As others have said, Vancity employs some of the best people. Everyday you will go to work with some of the most engaged, motivated, and brilliant people in the financial sector. They care about their work, their impact, and their legacy. However, these people all eventually burn out and move on to other places where their values and worth are going to be rewarded, because Vancity just isn't that place.

Cons

Glassdoor reviews are indicative of how many people at Vancity feels. For over a year between 2016 to 2017 a slew of honest and heartfelt reviews flooded the site. These reviews were often brutal in their assessments, and probably took courage for the employees to write. However, in the past month or so, there are suddenly multiple 5-star reviews with little content or message. Here's what's wrong: Yes, we had a brutal launch of the new banking software. It was not well-planned, despite having close to a decade to do it. It cost a lot of money. We employed and fired a bunch of people. We promoted folks who in hindsight probably should've stayed as call centre agents or analysts. We spread ourselves thin across multiple markets that we have no experience in. Everyday we come up with new phrases or acronyms. Yes, all that happened. But now let's move on from that. Has much changed in the past couple of months? No. What you have is a company in search of a new identity. The market conditions are changing, and so are people's habits and needs in financial institutions. This means that results are not coming through, and staff continues to see restructures and packages. We also still employ a number of consultants who are billing top rates everyday for barely any work. I feel that people who speak the truth are getting frustrated that their words don't register. There are a ton of people who want Vancity to do better, to become engaged, but they're not getting the opportunity to do so for fear of retribution. That's wrong, isn't it?

37
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Vancity Response
8y
Thank you for sharing your thoughts. Couldn't agree more with your suggestion to move on from the negativity, to focus on engagement of our staff who, by and large, want better things for Vancity. We have listened to the heartfelt feedback from our organization, and are committing to act upon it. I too hope we can listen to disenfranchised employees and motivate them to see ways out of the rut they feel that they are in. I truly believe there is much to motivate and excite people right now at Vancity, I think some of the 5 star reviewers you are a bit suspicious of, probably agree.
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