State Street

  www.statestreet.com
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1293 Employee Reviews (View Most Recent)

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IT Subject Matter Expertise - gone soon

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Application Developer  in  Quincy, MA
Current Employee - Application Developer in Quincy, MA

Pros

Excelent work-life balance, depending on manager. Supportive and kind co-workers.

Cons

Continuously looming layoffs with not enough communication from management. Very Low morale. Bleak future outlook.

Advice to ManagementAdvice

Rethink the 'Strategic Partering' cost-saving idea, as the service and quality to clients is suffering. The subject matter expertise and critical thinking/analysis skills gained by experienced SSC employees over the course of their tenure here - and required in order to maintain top-notch service on complex functionality - have not been captured in the skills transfer to our strategic partners. Poor skills transformation model: complicated tasks and complex functions performed by several experienced SSC employees have been transferred to a single Wipro employee who is overloaded and at risk for errors. Performance, quality, and the company's reputation are at risk.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

Other reviews for State Street

  1.  

    Really great service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Database Specialist  in  Columbia, SC
    Former Employee - Database Specialist in Columbia, SC

    Pros

    Really great co workers, Nice, courteous, quick learners, willing to train and help you.

    Cons

    Fast paced office, can be busy

    Advice to ManagementAdvice

    Try to train a little bit more and not be so fast paced.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Bad and Unethical People

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  Boston, MA
    Former Employee - Business Analyst in Boston, MA

    Pros

    Benefits are pretty good, but the company recently decreased the matching compensation for retirement. When completing benefit options, the company intentionally defaults to the more expensive options for an employee, i.e. the employee smokes, thus increasing their health care costs.

    Cons

    Stagnant business model with too many consultants running the show. The compensation for different divisions creates competition and does not foster a collaborative business. Senior management is unethical and HR is just a function in name. Stay away from this place at all costs.

    Advice to ManagementAdvice

    Quit. You are bad an unethical people ruining the lives of thousands of employees. You take advantage of economic downturn by laying people off and blaming the economy. You outsource jobs to China and India, yet senior/executive management still walks away with plush compensation. You increase the work hour and tell employees to work longer shifts, yet compensation decreases.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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