There are newer employer reviews for TD Commerce Bank

2 people found this helpful  

Sometimes great, sometimes okay, sometimes they don't make a drink strong enough

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Customer Service Representative in Philadelphia, PA
Former Employee - Customer Service Representative in Philadelphia, PA

I worked at TD Commerce Bank

Pros

Great paid time off allowance, annual bonus, good products, friendly atmosphere, nice branch interiors, better hours than standard retail, some availability for promotion.

Cons

Poor health/dental benefits package, difficulty with branch employee scheduling, poor annual raises with good reviews, understaffed, difficult conversion during the bank merger.

Advice to ManagementAdvice

I no longer work for TD, but have friends and family that continue to be employed there. The largest complaint I hear from them is the annual raises given for excellect reviews (2%????). A CSR making $14/hour would receive a 2% raise of $0.28/hour - that would mean for a 40 hour work week, that employee would receive an additional $7.84/week after taxes. I would recommend at least a 4% raise for the employees, especially if the annual bonus is removed due to new sales goal conditions. The economy is down, but TD shares have risen nearly $20/share over the past few months - signs TD is doing well. It would be good to share that success with the employees, especially who appreciate a proper annual raise more than the pizza and ice cream during employee appreciation week.

Doesn't Recommend
No opinion of CEO

61 Other Employee Reviews for TD Commerce Bank (View Most Recent)

Sort: Rating Date
  1.  

    Legacy Commerce Bank was great, the jury is still out on the new bank

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

    I have been working at TD Commerce Bank

    Pros

    Great corporate culture. It is extremely easy to sell the company to customers. The work atmosphere is often fun and low-stress. Great schedule to work with for college-students and those looking for a second job.

    Cons

    There isn't always great communication between upper/mid-management and employees. Sometimes there is a lack of a meritocracy and promises are not kept. Some decisions lack fairness.

    Advice to ManagementAdvice

    Management should take the time to evaluate its internal practices as it relates to current employees. There is some resentment that is not being responded to and Summer 2009 may see a high number of quality employees seeking employment elsewhere.

    Approves of CEO
  2. 1 person found this helpful  

    Cheap employer, overbureaucritized, management heavy, understaffed-overworked troops...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Loan Officer
    Current Employee - Loan Officer

    I have been working at TD Commerce Bank

    Pros

    In the mid level there are many competent good people.

    Cons

    TD Commerce Bank is staffed with incompetent and unmotivated people at the lower levels/ranks. Errors and mistakes are common. Understaffed. No resources. Super cheap employer, people work with 14" old notebook computers, constant computer craches, lousy systems. Management heavy. Too many useless managers at the high level who only increase bureaucracy and bureaucratic processes and do not contribute to anything, just parasites. Overbureaucratized organization.

    Advice to ManagementAdvice

    Fire most of the senior executives and do not rehire any!!! Reduce fat. Hire more troops at the low level. Keep and reward the competent mid level people.

    Doesn't Recommend
    Disapproves of CEO
There are newer employer reviews for TD Commerce Bank

Work at TD Commerce Bank? Share Your Experiences

TD Commerce Bank

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.