There are newer employer reviews for TIAA-CREF

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Ferguson provides blueprint; needs to find some good subcontractors

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Business Consultant in Charlotte, NC
Current Employee - Business Consultant in Charlotte, NC

I have been working at TIAA-CREF

Pros

Stability of the company due to lack of pressures companies that are public have. Our mission is to serve our client's need for retirement and insurance products that provide a solid return and low risk. We provide the means for financial security and comfortable retirements for individuals that work in fields that ordinarily do not provide as much monetary compensations and other fields.

The working environment is relaxed and employees of all levels are respectful of each other. Team work with and across business and IT groups is the norm and obstruction is the exception.

The benefits provided are either comparable or better than other companies and include a company funded pension plan that contributes 5% to 20% of your salary based on age.

Cons

The majority of employees with many years of service at TIAA-CREF are not aware of industry standard practices or how to use technology to provide improved repeatable processes.

The conversion from a home-grown legacy system to an industry standard system was not measured by the right criteria and has done little to improve customer service to both institutional and individual clients. Because the conversion failed to answer the reasons that a company would choose to change its technical platform, previous problems remain in place and new problems have been introduced.

Senior management seems oblivious to the root causes of customer service issues and opts to address these types of issues by dint of force (hiring contingent workers, mandatory overtime) instead of improving processes. Additionally, the Executive Vice Presidents (direct reports to the CEO) report incorrect statistics and achievements either through their own obfuscation or the fraudulence of the senior management reporting to them. This serves to prevent remediation of basic core problems that if addressed would make current concerns of lowering clients costs moot.

Advice to ManagementAdvice

Either listen to the workers in the trenches or get out of the way. Face up to fixing the base root problems in the company, provide the means to do so, or retire and let us do the work ourselves.

Recommends
Approves of CEO

441 Other Employee Reviews for TIAA-CREF (View Most Recent)

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  1.  

    TIAA-CREF-great potential-but they don't "get it"! Maybe they will someday

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Individual Consultant in Omaha, NE
    Current Employee - Senior Individual Consultant in Omaha, NE

    I have been working at TIAA-CREF

    Pros

    Compensation and benefits, good training on products offered

    Cons

    Mid level mgmt needs to be scrutunized-many-not all-are unable to manage due to incompetence or just plain lack of mgmt skills-upper mgmt has no clue as to how to run a company that needs to have SERVICE-nuff said!

    Advice to ManagementAdvice

    listen to field personnel and participants as to what needs to happen-your client facing people are not able to do the "sales" job that you ask of them because you apparently do not understand sales and service-your field people spend way too much time on data entry and reporting-this needs to be done by back office folks.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Good compensation but no work satisfaction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Auditing Project Lead in Charlotte, NC
    Current Employee - Auditing Project Lead in Charlotte, NC

    I have been working at TIAA-CREF

    Pros

    The compensation and pension plan is among the best in the industry.

    Cons

    Overall

    1) No respect for employees
    2) Lot of politics at management level
    3) Most of the time management is busy fire-fighting
    4) The review process is very unfair. There is lot of favouritism. Managers have no prior experience with managing staff.
    5) The company boasts of a diversified work force but it is not very apparent.
    6) In my area, most of the staff came from the same place where Director was working before. Some of those people are there purely for their personal relationships and are hardly competent enough at their work.

    Advice to ManagementAdvice

    Respect employees and welcome new ideas.

    Disapproves of CEO
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