First Niagara Financial

  www.firstniagara.com
  www.firstniagara.com
There are newer employer reviews for First Niagara Financial

1 person found this helpful  

Leadership catastrophe

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

I worked at First Niagara Financial full-time (more than 5 years)

Pros

great logo colors; decent PTO; community involvement

Cons

Weak Leadership; Weak Organizational Development and HR departments; extremely political environment; little accountability; no infrastructure (although they are spending some major $$ just to catch up to competitive market) poor stability and portfolio ratings, ESOP plan decreased by>60% during 2012, stock price is pitiful.

Advice to ManagementAdvice

Recognize that the organization can only progress to the level of the leader--the organization has been set up to become a case study for learning by neglecting to properly assess talent and culture before executing M&A activity--listen to your employees before pulling the trigger, they are your greatest assets and have the ability to fill the gaps and blindspots of management. Also, competence levels of execs needs to be evaluated--many are in way over their heads.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

51 Other Employee Reviews for First Niagara Financial (View Most Recent)

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  1.  

    I worked at First Niagara Financial full-time (more than an year)

    Pros

    Great people to work with

    Cons

    Upper management should be more organized with processes

    Advice to ManagementAdvice

    Better organization and communication to all levels of company

    Doesn't Recommend
    Negative Outlook
  2.  

    Good company but trying to grow too fast

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Manager
    Current Employee - Branch Manager

    I have been working at First Niagara Financial full-time (more than 5 years)

    Pros

    The people you work with and for want you to succeed. They have assembled a team of people from a ton of great organizations and they are attempting to build a new leader in banking. They put lots of focus around organizational development, engagement, and transparency. I am a top performer and I get constant regonition for my production and leadership.

    Cons

    The problems are around the fast expansion of the company. They had four purchases within four years and went from a savings thrift bank to a top 25 within that time. As a result, everything is constantly changing and no one can keep up. The communication is terrible and the incentive program does not reward. Although you get recognitinon, if money is a concern this is not the place to be. Due to all the purchases the budget is tight and they don't pay for performance. It often feels like the people at the top want to be running a large bank so badly that they don't care how their employees are affected and how much they have to deal with from the public.Lastly, there is little room for advancement since the company is still generally small and doesn't have a range of available positions.

    Advice to ManagementAdvice

    Reward employees and don't make them feel like sales machines. Sometimes the goals can stay relatively stagnant from year to year. Raising a goal and then unofficially raising it by 20% more puts employees in a stressful position.

    Doesn't Recommend
    Positive Outlook
There are newer employer reviews for First Niagara Financial

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