There are newer employer reviews for FHLB Cincinnati
There are newer employer reviews for FHLB Cincinnati

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A mediocre semi-governmental employer

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

I worked at FHLB Cincinnati full-time (More than 10 years)

Recommends
Neutral Outlook
Disapproves of CEO
Recommends
Neutral Outlook
Disapproves of CEO

Pros

Work assignments are mostly routine and due to semi-governmental status, the organization is very risk adverse when dealing with employees. Will attempt to buy employees' loyalty and engagement. Maintains "cadillac" pension and 401K plans.

Cons

Annual pay raises are below average. Health benefits used to be very good and reasonably priced but now watered down and expensive. High level of focus on profit/dividend rate and controlling operating costs like pay and benefits. Very flat organization with little upside growth potential for the majority of employees.

Advice to Management

New president effective June 1st who is perceived as good guy and friendly. However most (not all) "senior" officers need to check personality and individual ambititions at the front door. Some staff and officers are staying too long just because of the pension plans.

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  1. Helpful (2)

    The suckiest job you'll never leave

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sr. Application Developer in Cincinnati, OH
    Current Employee - Sr. Application Developer in Cincinnati, OH

    I have been working at FHLB Cincinnati

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Retirement Plan Benefits - inexpensive, good healthcare coverage 8:30 to 5:00 job Annual Bonus to 10% - everybody gets it Company is extremely profitable Job for life Everybody has the title "Senior Application Developer". Looks good on your resume

    Cons

    2-3% annual pay increases for everybody Low base base Hard work isn't recognized Poor performers get same pay increase and bonus as good performers There's no reward for taking risks or doing a good job Ancient computers Horrible working environment - cubicle city. Most people will never see the sun. Processes don't make sense. Very restrictive, even considering that it's a bank.

    Advice to Management

    Give employees pay increases that correspond to their contribution. If you pay everybody the same and give everybody the bonus, then you are rewarding mediocrity. Recognize good performers and get rid of the worst performers.


  2. -

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

    I have been working at FHLB Cincinnati

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    -benefits (medical/dental) -tuition reimbursement -incentive program -stability -opportunity to grow within the company-->either through promotion or departmental transfer

    Cons

    -work/life balance -base salary -vacation accrual rate -sick leave policy -mandatory annual 5 day absence

    Advice to Management

    -


There are newer employer reviews for FHLB Cincinnati
There are newer employer reviews for FHLB Cincinnati

See Most Recent

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