Cobank

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Cobank Reviews

Updated July 10, 2014
Updated July 10, 2014
33 Reviews

2.9
33 Reviews
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Robert B. Engel
22 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Recommended in Denver

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Golden Valley, MN
    Former Employee - Analyst in Golden Valley, MN

    Pros

    * Really sharp upper management.
    * Great benefits - with quick vesting.
    * Good community support
    * A job where you feel you are really providing a benefit for the (end) customers/shareholders.

    Cons

    * In Minneapolis there is not much potential for career advancement unless you are willing to relocate to Denver. Not only is this unattractive in itself it leads to unattractive behavior in employees. I've worked at bigger places and never felt I was in competition with other members of my department. We had different specializations and backgrounds and almost assuredly would be applying for different positions in different parts of the bigger corporation in the future. We were benefited by making each other look good and making the department look good. At CoBank - coworkers were benefited by making colleagues look bad as there were too many people held back too long that would all be leaping at the first possible opening (when one came).

    * Most managers are good, but if one is bad they may not be promoted but won't be let go or disciplined. Hey turn over in a department doesn't register with upper management and bullying behavior by one demotivating manager was completely ignored.

    * Very conservative (many open and vocal conservatives (Republicans). I knew of no openly gay or lesbian coworkers and there were very few minorities, overheard things like a manger lecturing a young employee on the "scam of global warming" while they were at her desk, several coworkers attended the same church as the department manager and talked routinely about church at work.

    Advice to ManagementAdvice

    * Institute skip reviews. Have managers talk to a few people a few levels down once a year and get feedback on their managers without identifying them to their manager.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Atlanta Office Unhealthy Environment For Women -- Look Elsewhere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Atlanta Employee  in  Atlanta, GA
    Former Employee - Atlanta Employee in Atlanta, GA

    Pros

    Healthy financial profile and overall conservative management. Competitive salary and benefits.

    Cons

    Poor and unprofessional leadership at the Atlanta office's Telecommunications division. Female employees are given greater workloads in exchange for fewer pomotion considerations and, in some cases, personally harassment by local management. Moreover, female leaders in the Atlanta office are routinely mocked and disrespected by subordinates (starting rumors of drug use, etc.). Corporate Human Resources, located in Denver, is largely apathetic about female harassment and makes no earnest actions to remedy the unfair treatment and general disrespect of women in the Atlanta office. Perhaps this is why <25% of the workforce in the Atlanta office are women and < 20% are minorities. It's a white guy's club; if you're a professional woman or minority, look elsewhere.

    Advice to ManagementAdvice

    The Atlanta office needs accountability to corporate professionalism standards and a Human Resources representative, with authority, located full time in the Atlanta office.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    No regard for low level workers. You don't matter.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    There are a lot of perks to working there. Weight watchers, Christmas parties, bonuses, $ to give to charity of your choice & kids Christmas part.

    Cons

    Bad management, low pay, hostile work environment, substandard health benefits, flex schedules are frowned upon

    Advice to ManagementAdvice

    Know what's going on and entervene early. Don't rely on the chain of command to find out what's going on.

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  5.  

    Poor place to work with little sign of improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Credit Analyst
    Former Employee - Senior Credit Analyst

    Pros

    Good benefits and fellow employees are awesome

    Cons

    There is little opportunity for growth, the environment is hyper - competitive and the pay is far below market. Therefore, the turnover in support positions including credit analyst and CAP rotationals is very high.

    Advice to ManagementAdvice

    There must be a renewed focus on retention especially for young women. Focus on the engagement survey results as opposed to sweeping them under the rug.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Overall a good culture with upward advancement potential.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Denver, CO
    Former Employee - Anonymous Employee in Denver, CO

    Pros

    Work life balance, Internal mobility,

    Cons

    Inconsistencies with promotional expectations, below market compensation

    Advice to ManagementAdvice

    Management of employee retention.

    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Ethical Company, Good People, Looks Good on Paper, Too Much Drama

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Legal Department  in  Denver, CO
    Former Employee - Legal Department in Denver, CO

    Pros

    Ethical, Eco-Minded, Training Opportunities, Great People, Stable, Strong Top Leadership, Wants to be World Class and walks the talk. Benefits are good and bonuses are satisfactory. Very profitable company - $850 million earned leveraging 850 employees.

    Cons

    Some really good people just left the company. Recent headcount reduction has everyone on edge and spread thin. While it's a proud member of the Farm Credit System, it's much more profit minded, internally competitive, and ego-centric than before the current CEO came to CoBank. You'll forget you're in Denver and sometimes think you're in NY. Satellite offices are more collegial and less stressful. Raises are tiny. Opportunities for promotion/job changes are hit and miss depending on title and business unit.

    Advice to ManagementAdvice

    With frequent reorganizations and change of direction, work is drama-filled and some managers are repeatedly indecisive. They delay making important decisions so they won't be overruled/criticized for bad results. The decisive ones change their mind way too often. Silos compound confusion and dysfunction.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Very conservative. High expectations. Stable.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Denver, CO
    Current Employee - Anonymous Employee in Denver, CO

    Pros

    CoBank has been a very stable place to work and their bonuses are decent.

    A work life balance is easy to maintain.

    There are a lot of employees that have been at CoBank for a very long time 10-25 years.

    CoBank seemed recession proof during the last few years and has been breaking their own records and goals for as long as I've been there.

    CoBank has a great training program.

    Cons

    Salaries tend to be under market but they try to make up for it with a yearly bonus.

    Many people do not feel appreciated.

    The CEO says that it's the employees that make the difference but let's you know that if your not on board with everything CoBank does you might not be a good fit.

    Certain groups within the bank have a very high turnover. Some mid to upper level management have a zero tolerance for error. The bank is very conservative and many are afraid of making a mistake because they could be let go immediately.

    There is a disconnected feeling between employees. There are not a lot of close relationships between people and people keep their personal lives to themselves for the most part.

    One thing that has bugged me is that CoBank has been getting more and more "corporate". They've also grown a lot and been quite profitable.

    Advice to ManagementAdvice

    Try to create a loose atmosphere and trust your employees and mid management to make sure that things are getting done. Start looking into flex hours and allowing people to work from home.

    If you want to keep your most successful people, make them feel more appreciated and pay them at least what they are being offered by your competitors. Share the wealth.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Average experience, easy job, management needs improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Accountant  in  Greenwood Village, Arapahoe, CO
    Current Employee - Loan Accountant in Greenwood Village, Arapahoe, CO

    Pros

    401K matching from day one, 3 weeks vacation when you start

    Cons

    Management allowed to create their own standards and policies within departments regarding hiring and promotions that differ from the company. Pay is below market. Building is old and elevators get stuck.

    Advice to ManagementAdvice

    Be aware of what middle management is trickling down to their departments and how they are translating the message the MEC is trying to convey to the company.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Headed downhill

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Greenwood Village, Arapahoe, CO
    Current Employee - Anonymous Employee in Greenwood Village, Arapahoe, CO

    Pros

    CoBank has great benefits and most of the people that work there are great!

    Cons

    Senior Management recently executed an "efficiency program." They laid a bunch of people off and moved many others into new roles, but in the end, we're no more efficient because they didn't put very much thought into their decisions. Morale is really low with the layoffs and poor communication from management.

    Advice to ManagementAdvice

    Communication should be clear, honest and frequent. Most of the bank learns about management decisions and layoffs through the rumor mill. Also, building a new building while laying people off does not look good.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    This Company places zero value on employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst  in  Denver, CO
    Former Employee - Credit Analyst in Denver, CO

    Pros

    Great cafeteria, and location in the DTC

    Cons

    Zero value is given to employees. They do no promote from within. Virtually no training or development of staff. Promotions and raises are almost non-existent. Management only focused on today. No forward thinking or planning. The best and brightest leave this company very very quickly. The Gallup Survey results are a joke, employees do not answer them honestly, because they fear losing their jobs.

    Advice to ManagementAdvice

    Treat your people like assets. Pure top-down leadership, isn't leadership at all. Employees are scared, and operate in fear of being laid-off or fired all the time. Invest in your employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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