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JPMorgan Chase – “If you want a good job, move to India”

0 of 0 people found this helpful

Sep 4, 2008

2.0

Details

Career Opportunities	1.0
Communication	2.0
Compensation & Benefits	2.5
Employee Morale	1.0
Recognition & Feedback	2.5
Senior Leadership	1.0
Work/Life Balance	4.0
Fairness & Respect	1.0

Disapproves of CEO

Application Developer Analyst Level I in Chicago, IL (United States) Current Employee

Pros
Benefits, vacation time, and has been relatively stable compared to other banks.

Cons
Horrible leadership, possibly corrupt. Entire departments are moved to India, and management claims its not "outsourcing" because they are still JPMC employees working in JPMC owned facilities - As if that matters one bit to the people that just lost their job, and the people that are afraid for their job.

Employees are treated like bugs, to be squashed whenever possible. Everyone is forced into a standard review model where if you did a great job, but someone did slightly better than you, instead of both of you being rewarded, you will be given the worst possible review. Your manager will shake his head and tell you that it is just the way it is, and he's sorry and knows you didn't deserve it.

Even the best review possible receives a minuscule raise when compared to the numbers that most management and senior management receive. The employees that do 99% of the work receive far far less than what they deserve.

Advice to Senior Management
Stop trying to top out at record profits. Look at $1 billion and say "wow that is really great. We can't possibly need more than that, lets give every cent over that back to the employees because they work 70 hour weeks for us with no overtime." Treat people like people. And stop moving stuff to India. We're onto you. Its destroying this company. The level of satisfaction is horrid. The people over there don't do their job right, and everyone suffers for it. Just because you screw with the numbers to make it look like job satisfaction is "normal" doesn't mean it is.