Bank of the Philippine Islands – “Stable company with good benefits, but lower base salary and slow promotion system”

Pros

Great benefits, such as unlimited healthcare, car plan, housing plan, steady bonuses, etc.
Also good location in the center of the Philippines' main financial district
Good opportunities to experience the full range of banking

Cons

Very slow promotion system - takes an average of 3-5 years to be promoted
Lower base salary compared with the industry
Not a lot of young people - young people tend to spend 3-5 years then move on

Advice to Senior Management

Hire more young people. Make the promotion system faster and provide more benefits that younger employees would appreciate - such as higher base salaries, more opportunity for movement (remove 12 month residency), and remove officership training program bond