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Creates second class employees through outsourcing

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

I worked at Deutsche Bank full-time for more than 10 years

Pros

Reasonable salary/benefits and work/life balance. Gives lip service to fostering a diverse work culture. Reasonably smart employees overall.

Cons

Took advantage of market conditions and outsourced a group of long-term research employees that they needed but not longer respected to a firm with no experience in the business line, thereby creating a second-class set of de facto DB employees (as employees remained in their same desks/offices, performing the same jobs, but no longer eligible for the same benefits). Anyone who didn't accept the offer from the third rate outsourcing firm was denied severance and terminated. Outsourcing firm has no idea how to run the business line -- completely dependent on the transferred employees to make the transaction work.

Advice to ManagementAdvice

"Transferring" long-term employees to an outsourcing firm creates a set of employees who no longer care about the company or its future -- destroys good will.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

1210 Other Employee Reviews for Deutsche Bank (View Most Recent)

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  1.  

    Diverse, Slow to embrace change, Bureaucratic,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Group Audit  in  New York, NY
    Former Employee - Vice President Group Audit in New York, NY

    I worked at Deutsche Bank full-time for more than 5 years

    Pros

    Very diverse workforce globally, technologically upto the mark, sound internal processes

    Cons

    Very bureaucratic, slow to change, still controlled by those who value networks more than performance - so merit may not always win.

    Advice to ManagementAdvice

    Follow your own words - when you say ' Passion for Excellence' you must mean it. Merit alone must win a promotion or a pay raise, not networks and who you know.

    Recommends
    Negative Outlook
    Approves of CEO
  2. 1 person found this helpful  

    worked in 3 different DB locations, not all are the same culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  Jersey City, NJ
    Current Employee - Assistant Vice President in Jersey City, NJ

    I have been working at Deutsche Bank full-time for more than 8 years

    Pros

    People are friendly, no rigidity in the work hours within technology

    Cons

    promotion process is not about primarily about meritocracy, it is judged by how many Directors had the pleasure to sit with you through a powerpoint presentation

    Advice to ManagementAdvice

    Take the time to understand what is going on in your organisations and have short and long term views, stand up to those that are not doing what is asked

    Recommends
    No opinion of CEO
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