Beware of Poor Management and Deteriorating Culture
Pros
- State of the Art CBA Building. - WFH policy is flexible. - Benefits and Staff Deals as a CBA employee. - Analysts, engineers and managers below senior leadership level are very pleasant and genuine people to work with.
Cons
-Regular 1:1 catch ups with your Line Manager do not exist. Your development plan is a buzz word and career and skill ambitions are not regarded seriously at all. - Below industry pay, low bonus and performance based benefits, minimum % increase in pay per annum (for example, it was below inflation in 2022). - Political culture at play; senior, executive and general managers do not value their employees. If you are not liked, you are ignored. Team meetings and 'check-ins' are a 'tick-box' exercise. - Minimal opportunities for career progression and promotions. - Long hours and ever increasing workload is an expectation. - Product management is very tedious and most of the job is updating and executing controls. - There is a risk-off culture given recent regulatory scrutiny, so management has little desire for value maximising projects. While CommSec has always been the market leader, we will be playing catch up to other stockbroking players in the near future after years of complacency and retrospective decision making. -CommSec is being slowly absorbed within CBA Business Banking. There is limited autonomy left in the subsidiary and future restructures are expected.
