119 Employee Reviews (View Most Recent)

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Compensation makes it difficult to leave

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at CIT

Pros

Bonus and base salary are higher than average for my particular background. Vacation policy is better than the norm. Easy access to major highways from HQ.

Cons

No chance for promotion. Openings are filled with outsiders. Many long term employees had their savings wiped out by bankruptcy. No raises for 3 of last 5 years has brought compensation more in line with competition so good people are starting to leave. Office is an embarrassment, old, broken furniture, lack of privacy making it difficult to concentrate on work. It appears that new management team is dressing company up for a sale.

Advice to ManagementAdvice

There are a lot of faithful employees who have stepped up to fill gaps left by the departure of those above them who have not been rewarded when the positions are filled. Start working on employee retention for your middle management and lower level workers before the economy improves and the company loses too many SMEs.

No opinion of CEO

Other Reviews for CIT

  1.  

    New CIT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director
    Current Employee - Director

    I have been working at CIT

    Pros

    paycheck keeps coming and the new C suite look ok.

    Cons

    No plan or direction- new C suite has not cleared out deadwood that ran company in ground

    Advice to ManagementAdvice

    Time to look hard at the folks who help Peak kill company

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Wish they were still open. Excellent place to work. Very supportive from upper to mid management.

    Cons

    too bad they closed
    technology was poor but they were making improvements

    Advice to ManagementAdvice

    no advice

    Recommends
    No opinion of CEO
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