There are newer employer reviews for First Niagara Financial

Great

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Great Place to Work
Current Employee - Great Place to Work

I have been working at First Niagara Financial

Pros

medical/dental coverage costs life insurance great 401k plan, immediate vesting for the 401k plan

Cons

distance between employment and home is long

Advice to ManagementAdvice

no advice

No opinion of CEO
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  1. 1 person found this helpful

    Yes, the Bank has an Insurance Department

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

    I have been working at First Niagara Financial (more than 3 years)

    Pros

    Flexible work schedule, and pretty good health benefits. Currently have been investing in better technology making it easier for employees to perform their job functions. Solid 9-5 type job with stability. Salary increases yearly (as long as the company performs well -- this year some pay grades were ineligible for the cost of living increase)

    Cons

    Company culture is focused solely on the Bank and the Bank's goals, making other departments/subsidiaries feel like unwanted, unrecognized and unimportant. Hiring process is slow and there is a disconnect between the many offices. The have created a clear career-path for those working in insurance, however, the upward mobility seems to be extremely slow and limited due to not investing in talent at the lower levels to be able to promote within. I have seen a lot of positions be filled with outside talent instead of organically promoting talent, which becomes discouraging to those in the lower level positions. There also seems to be the 'are we going to be bought out?' question forever lingering in the back of peoples minds. Feels like the companies reputation in the marketplace is not favorable.

    Advice to ManagementAdvice

    Focus on high-quality talent recruitment to reduce high-turnover rate; Improve hiring process (currently slow and can drag on due to unfocused company goals) engage in honest discussions with all teammates - too many decisions happen behind closed doors without the opinions of those who actually perform the work.

    Doesn't Recommend
    Negative Outlook
  2. Was a strong company for many years but the tide is quickly changing.

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

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

    Pros

    Most employees are nice, decent paid time off policy,

    Cons

    Weak Culture, reactive versus proactive - seem to always be 'putting out fires', work on and discuss the same things over and over but lack of progress, office politics are alive and thriving, lack of strong, motivational leaders in key roles/departments which impacts engagement levels, Personal goals not set till 2nd-3rd quarter in many areas but evaluated for entire year, limited opportunities for growth in jobs,

    Advice to ManagementAdvice

    Strong, experienced, motivating leaders needed in key 'people' roles, earlier goal setting needs to be enforced, Culture needs to be developed, Greater visibility of Sr. Leadership, more opportunities for employees, people need to be 'rowing in the same direction',

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
There are newer employer reviews for First Niagara Financial

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