American Bankers Association Reviews

Pros

Great work life balance
Good location

Cons

Not a lot of opportunity for growth.

Pros

If you have a family or responsibilities and you need stability at work.

Cons

Lack of professional development for junior staff.

Advice to Senior Management

Pay attention to employees, develop talent

Pros

Great work life balance and generous benefits provided to staff. Feels like one is working for the government (not sure that belongs under pros)

Cons

Low salary pay. Average workforce age is ~ 60 years old. Very old school management type that promotes based on the number of years one has been on the job and not performance. Poor organizational culture which is very senior heavy.

Pros

Great Benefits
  401k
  Health Care
  Paid time Off
  Sick Leave
  Education Benefits
Yearly Performance Appraisals
Employees are generally friendly
Fair compensation for work

Cons

Change averse
Low potential for upward movement
Direct reports tend to micromanage
Business does not embrace change
Low Level Employees have little to no input

Advice to Senior Management

Embrace change - It will fuel the future
Let employees drive innovation - Employee autonomy (or perceived autonomy) is a driver for motivation and innovation.
Become nimble - Learn to flow with change, not set down anchor and hope it works out
Get feedback from the employees - Management may paint a rosy picture of their department when its really sinking

There is a great disconnect from upper management to what is actually occurring. This comes with the culture at ABA, with each department working independently and defensively. Breaking the barriers and walls between departments will further drive innovation and enhance member value. ABA has great opportunity for growth, but the change aversion and slow response to demands is causing customers to flee.

Pros

Best representation within the banking industry - members have great access to expetise and resources.

Cons

Ability to move up within the organization.

Advice to Senior Management

Listen to all your employees regarding what is happening within the organization, not just just direct reports. Many employees are given preferred status treatment while others need to prove themselves daily.

Pros

They promote a fair work/ home balance. I am encourage by my senior management to leave no later than 5:00pm each day. They have a 7.5 hour work day as a standard for all employees.

Also, there is opportunity to do some light traveling for conferences and events around the country.

Cons

Many of the senior level management members have worked their for over 20 years. Yes, 20 years.
They are a bit set in there ways, so while they do welcome new ideas, they don't fully embrace change.

Advice to Senior Management

Because something has been done one way for many, many years, doesn't mean there aren't other more efficient ways that can potentially work better. Embrace change.