- 8 stars for Walt and 67% would recommend Schwab to a friend. If I was looking for a job and saw this rating, I would likely be applying for roles.
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what a joke I know the teams at this firm quite well and 80% of the people there feel trapped. They send out surveys internally to employees and then report on great results. However, the majority of employees don’t even answer these surveys even though they’re supposedly “anonymous“ they’re definitely not anonymous. They can track these things to an IP address or other internal mechanisms. do you think somebody’s gonna fill those surveys out honestly? Even when they do, I know for a fact, managers will track down employees to find out the ones that wrote negative comments under the guys that they want to know what they can do to improve. Some poor people actually respond to those questions but without a doubt are now marked.
Every year the great places to work surveys come out and senior Management touts what an awesome place it is to work however, when you look around the firm the quality of the employees is very low and the engagement is very low. They’re only several people at the top of the organization or tops of each division that get paid relatively well and they are just big time smoke blowers up there superiors butts.
Teams will go to their managers and say what do I have to do to get a raise what do I have to do to get a promotion? The unfortunate fact is there are no raises there is no ability to get promoted in a firm like this management level positions are and once you go a Director level to a Managing Director level ability to move is incredibly difficult. So many quality people that I’ve known there that feel trapped any surveys you read are full of baloney I know many people at that organization and many of them are incredibly unhappy over the past seven years real salaries have dropped. Do the math and average raise schwab is 2% inflation has been running between five and 10%. let’s average it out and say over the past five years inflation is up on average 7% on an annual basis that means cost of goods are up 35% but your salary is only up 10% you just lost 25% buying power. meanwhile, the executive committee in the CEO continues to reward themselves incredibly well, even considering the most recent debacle which they coined “the uncoiled Spring“ well we never hear about the uncoiled spring any longer because that uncoiled spring snapped back and hit them right in the faces unfortunately was the employees that took the brunt of that snapback they don’t have the guts to even stand up and speak to it, even though everybody knows that it was there talking point for years shows weekly leadership when they don’t own their mistakes. I think they keep on talking about is the old slogan “owner tomorrow” well, they certainly can on there tomorrow because they have tons of cash in the bank at the expense of a lot of really good people
for the executive committee, and Walt Bettinger himself have been saying that rising interest rates were going to be great for the company, and that the company would do great and employees would benefit as well. Well that didn’t work out too well did it. You never hear them take blame for it weak incredibly weak leadership at every level Above line employees, disgraceful firm. I’m dying to see what Walt and his executive team take this year for bonuses. I’ve been searching on the web but can’t see it published anywhere. I was a former manager leading a team of 10 people in one of the operation areas. I’ve been able to move out into a completely different field and now at a local school.
I forgot the exact research paper that I saw this on but people who have a negative opinion on something tend to leave a review more than those who are satisfied with something, whether it's a restaurant, company, or movie, etc. They're more also more detailed than positive reviews to make their opinion more reasonable.
So with that being said, it would be difficult to believe that the majority of positive reviews are genuine. Otherwise, prove it.
I don't believe in reviews that are as simple as, "This company is bad because I don't like." or "This company provides strong career opportunities."
So the fact that you're on here talking positive Glassdoor reviews about the company is a huge red flag. What are you trying to prove why do you need to prove it?
Perhaps there's a high turnover and you're here to shill about the company for damage control. There's literally no other reason.
Classic pump and dump scheme.....good company if you are a simple person who just wants to play the game, but not if you have skills and want fullfillment. I suspect those positive reviews are from the simpletons.
A lot of those 4 star reviews from sales are suspicious. There were many great ratings right after the layoffs which makes you wonder how they came about. You also have to sort them by most recent. It seems like the best reviews appear first.
The scores early last summer were higher. Once RTO and layoffs started happening they started trending down. Both the CEO and “would you recommend to a friend” were in the mid 70’s and the overall star rating was closer to mid 4.
I don’t think the upper 60’s is anything to be proud of - it’s the equivalent of a D in school so barely passing.
No, most people wouldn't think that is good, that is horrible for a company this size and with such deep pockets and access to so many resources.
It’s the best here!