CIBC Reviews

Pros

Good location downtown. Good people to work with.

Cons

lunch hour meetings lousy infrastructure

Advice to Senior Management

Spend some money on infrastructure. Give employees the tools they need to do their work.

Pros

employees are being treated fairly
good bonus if you have good performance
some floor managers are good

Cons

unflexible hours
some floor managers are slacking off based on their position and can disappear for long while even they are on duty

Advice to Senior Management

make sure all floors managers are competent and actually working, not slacking off.

Pros

Don't necessarily have to leave the company to find new jobs progress in expertise and career (which you often have to do in smaller companies).
Solid benefits package; reasonable termination package.

Cons

Particularly mediocre culture of late; however, there are always bright lights, thank goodness.
Very few make it to retirement...CIBC known on the street for constant downsizing...not inspiring for those who are the "survivors".

Advice to Senior Management

Consistent investment in people, particularly new managers. Consistently demonstrate respect for people at ALL levels of the organization and live the values particularly regarding change management. Pay attention to the untracked, longterm cost of your typical short term cost control -- "throwing people out".

Pros

The workplace was not crowded.

Cons

Does not offer advancement due to internal politics.

Advice to Senior Management

Do personal interviews with staff assuring them that confidentiality will be maintained. Rotate senior management and middle management frequently.

Pros

location
free banking
large corporation that in theory should have opportunity to grow
current department has a relaxed work environment that allows for a fair work/life balance

Cons

- no investment in employee growth - courses etc - both in house and 3rd party
- us vs them attitidue - sr management towards mid level managers and employees - lines of communication seem to be closed
- compensation seems to be lower than competitors
- not a dynamic environment in that cibc seems to always be playing catch-up vs it's competitors
- opportunities seem to bottleneck and sr management does not seem to have a desire in holding onto quality employees

Advice to Senior Management

the people make the business work. investing in their growth and their skills will help grow the business. having an organic approach to people and the business can go a long way in fostering relationships with employees and creating a dynamic environment where all ideas and inputs are respected and listened to.

Pros

good place to work, enjoyable, People value your work. Of course there is room to improve but it is workplace afterall not playground.

Cons

technology is not up to date; some times help less to take care of customer due to system deficiencies.Would like more clear processes.

Advice to Senior Management

nothing except a need to be more objective and open in giving feedback; Assurance of being a part of family is absent.

Pros

easy job overall
good feedback
benefits
easy to move up within the ranks

Cons

depending on location and amount of traffic sales targets can be unrealistic
a lot of redundant work day to day
pay

Advice to Senior Management

pay the entry level staff marginally better and turnover and job satisfaction rates will greatly improve

Pros

Good hours
Lots of stat holidays

Cons

Low pay
Rotten Management
Just a game of feeding on the poor

Advice to Senior Management

Treat the customers and people in need as if they were real people and not just a number

Pros

The people are nice to work with

Cons

too much preasure, salary is almost poverty level, management doesnt have any say, family or sick days are discouraged

Advice to Senior Management

better salaries, more respect for tellers and RSF

Pros

good imperial service offer to clients

Cons

too muc exoected from employees- jack of all trades rather than specializing in one area.

Advice to Senior Management

really need to spend money to upgrade systems and heavy learning curve for some employees