State Street

  www.statestreet.com
Work in HR? Unlock Free Profile

1213 Employee Reviews (View Most Recent)

Sort all reviews by: Date Rating
in
  • Culture & Values
  • Work/Life Balance
  • Senior Management
  • Comp & Benefits
  • Career Opportunities
  • Approves of CEO

 

Huge varience of workforce accross all floors

Senior Associate (Current Employee) Edinburgh, Scotland

ProsThere is a lot of change/movement going on in the firm from outsourcing work to 'Centres of Excellence' which in the short term may provide oppertunities to travel.

There are a lot of smart intelligent people to learn from.

ConsRoles are being 'dumbed' down due to outsourcing of work to COE's.
There is an unfair work distribution within teams at various levels across the floor - those who can or show initiative DO most of the work, those who cant get sidelined and forgotten about. At the end the difference in rewards between the two are almost indistinguishable at present.

People are promoted internally to fill positions, rather than showing merit.

Regardless of your work, expect to get an average rating on your yearly performance review. Dont bother to ask what you could have done to have got the next level, as it would only result in friction between yourself and your manager.

Employees are generally not rewarded for their work - for example bonuses are not increased for helping meet company targets, such as reducing the number of breaches, which helps reduce compensation payments, and increase company profit - should all of this go just to the shareholders?

Advice to Senior ManagementAnnual Performance Reviews -Scrap the 1-5 performance rating system. If you want such a system, then expand and make this 1-10. Encourage workers to help the business by setting clear performance goals,with each grading marker defined in a transparent fashion.

Bonuses - To get around the whole 'poor bonus' issue, would it be better to offer employees a discount share purchase scheme, or a bonus in form of shares? That way all employees are directly offered a fair return/reward for their hard work.

Promotions - Do not fill roles internally out of need, but merit. If internal candidates are not yet up to par, then look externally.

Work Equality - Monitor working hours(building sign in/out times of staff), and see the differences of employees at each level. Use this to look at re-allocating resource.

Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Alright

    Senior Associate (Current Employee) London, England

    I have been working at State Street


    Pros: Friendly staff and opportunities to move within the firm. Cons: Lack of quality training and a genuine interest in development, unmotivating surroundings, slow moving decisions making… Advice to Senior Management: Remove redundant layers of management, be brave in positioning the… More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Varied, interesting and appreciated

    Vice President (Current Employee) Edinburgh, Scotland

    I have been working at State Street


    Pros: State Street actually reward performance and don't just say they do. State Street appreciate hard… Cons: State Street is quite bureaucratic and decision making can be… Yes, I would recommend this company to a friend More
There are newer reviews on State Street.

Worked for State Street? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.