There are newer employer reviews for Scotiabank

Human Resource Policies and Procedures

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

I have been working at Scotiabank full-time (more than 5 years)

Doesn't Recommend
Neutral Outlook
Approves of CEO
Doesn't Recommend
Neutral Outlook
Approves of CEO

Pros

The ability to invest in the company and also be paid a salary

Cons

there is the perception of prejudice in the work place.

Advice to Management

IB banking needs to review its HR personnel and policies at units outside of Canada.

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  1. competitive

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    one of the big banks

    Cons

    a little too much competitive

  2. Helpful (1)

    Great corporate culture, if you want to enjoy banking go to Scotiabank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Officer in Toronto, ON (Canada)
    Current Employee - Personal Banking Officer in Toronto, ON (Canada)

    I have been working at Scotiabank full-time (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    A great team environment, and it actually is very much team centered. They have a great rewards system, you get appreciated for your efforts by your peers and by management. You can collect 'applause points' which you can use to purchase stuff. Great opportunity to grow, but that applies throughout banking. Very flexible structure. Corporate culture is very good, very welcoming and encouraging. Looks great on your resume, great stepping stone to a lot of things. Everyone is always helpful. You are encouraged to take part in extra-curricular activities, have a good work/life balance. The culture and environment will obviously be different from branch to branch.

    Cons

    Lots of paperwork! But that would be the same with every bank. The pay is not that high compared to a similar job in a non-bank company, but you get job security with the bank, well atleast if you perform. There is pressure to perform, numbers matter, but thats universal. Training is mostly on the job, so it can be challenging. Everyone has different answers when asked, so you have to read the bank policy yourself.

    Advice to Management

    Perhaps if you re-program the systems we use, it could be made a lot more efficient. Training can be improved, the courses online to teach yourself are good for the most part, but they are very one dimensional, easy to get bored and the overall structure for training is not efficient, maybe have a 3 day training session at head office to help new staff to learn all the basics quick.

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