Webster Financial

  www.websteronline.com
  www.websteronline.com

Webster Financial Reviews

10 Reviews
3.2
10 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Webster Financial Chairman and CEO, Webster Financial and Webster Bank James C. Smith
James C. Smith
6 Ratings

Employee Reviews

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  1.  

    Fun experience with intelligent people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Bristol, CT
    Former Employee - Software Engineer in Bristol, CT

    I worked at Webster Financial as an intern (less than an year)

    Pros

    The team I worked on was full of great people and we had a lot of fun together. The pay was very good for an intern.

    Cons

    Working in Bristol is not the greatest place to work. There is not much to do around there.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Make a move and get demoted - NOT FAIR

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Wallingford, CT
    Current Employee - Project Manager in Wallingford, CT

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

    Pros

    Flexibility and time off are generous

    Cons

    No career path - after making a lateral move to get some fresh experience I had my new position re-org'd and was offered a choice of a significant salary cut or a lousy severance package. All because the organization didn't plan before taking action. But no loyalty of company to loyal employees.
    No training, no reimbursement for professional certifications or conferences. They exploit what their professionals bring to the company and do not help us keep our skills sets fresh.

    Advice to ManagementAdvice

    If you are going to sell the bank, then just do it. Don't continue to abuse those of us that are trying to do more with less and achieve insane goals.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    Great Place to Work

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

    I have been working at Webster Financial

    Pros

    Each Branch has it's own personality
    Large Company with a small company feel
    The benefits are competitive
    Goals are achievable

    Cons

    Our clearing firm is terrible to work with (UVEST)
    Forced to enter time manually
    The pay is not great
    Too many spreadsheets, classes, calls, events that take away from client interaction

    Advice to ManagementAdvice

    Goals are important but forcing us to to do all the entry takes away from meeting with clients
    Think of another Broker/Dealer because UVEST is not cutting it.

    Recommends
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  5.  

    An excellent company to work for.

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

    I have been working at Webster Financial

    Pros

    Company is willing to provide good training. They also like to promote from within. The company is sensitive to employee needs. Overall, a friendly company to work for.

    Cons

    So far, I have not seen any cons to the position or with the company. It is quiet possible that as a new employee I am not accustomed to everything about the company. However, I am extremely happy.

    Advice to ManagementAdvice

    So far, I have not seen any reason to advice or provide a particular feedback. I am very new to the company, and what I see so far is very encouraging.

    Recommends
    Approves of CEO
  6.  

    If you want to start at a career in banking with little experience, a great way to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Waterbury, CT
    Former Employee - Anonymous Employee in Waterbury, CT

    I worked at Webster Financial

    Pros

    They are good at selling the dream. The benefits are decent compared to other banks I've worked at.

    Cons

    The bank is experiencing cut backs and has sold off Commercial Lending, Insurance and has and will continue to lay off employees.

    Advice to ManagementAdvice

    I know you preach that you will not grow for the sake of growing, but you will always make sure it is the right thing to do, please don't forget that.

    Doesn't Recommend
    No opinion of CEO
  7.  

    Great-if you are young, bilingual, with no family.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Customer Care Center Agent (Call Center)
    Former Employee - Customer Care Center Agent (Call Center)

    I worked at Webster Financial

    Pros

    Good benefits
    Excellent training
    Convenient Location
    Great job if you have no family at all, no physical limitations, and no responsibilities outside of work at all!

    Cons

    Work/Life balance completely nonexistent- I called my boss from the ER to explain what was going on with an elderly parent who was rushed to hospital by ambulance with some very frightening symptoms, and I was threatened with losing my job when I told my boss I might need a few days off. I had not been absent from work prior to this AT ALL.

    Preference in work shifts given to younger (under age 30) employees and those who speak Spanish- but not other languages.

    One manager was VERY nosy about employees' personal lives- got pretty awkward a few times with inappropriate questions and comments. I just started ignoring stuff that I felt crossed the line.

    Lots of pressure to do community service-no exceptions if you have physical problems that limit what you can do- no community service=note of such on your annual review.

     Lots of pressure to donate to United Way, donations were sometimes tracked by your manager.

    Advice to ManagementAdvice

    No Work Life balance, and not scheduling shifts fairly results in losing good employees. This was my biggest concern, if I have a family emergency I am concerned enough about that, I do not need to have my job threatened as well! Sorry, illnesses of elderly parents cannot be planned in advance! Please do not comment on or question me on things that do not affect me doing my job.

    Approves of CEO
  8.  

    Good working environment.

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

    I have been working at Webster Financial

    Pros

    they cared about their employees and customers

    Cons

    Their technology was a little behind

    Advice to ManagementAdvice

    Continue treating employees and customers with the utmost respect and will always be a winner

    Recommends
    Approves of CEO
  9.  

    Not a bad workplace, but not great either.

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

    I have been working at Webster Financial

    Pros

    Great benefits and work life balance. A good place of work if you prefer small local banking in the New England area.

    Cons

    Can be frustrating to work in a bank during periods of crisis. Seems like your hands can be tied behind your back at times.

    Advice to ManagementAdvice

    Always provide the importance of a job to each individual and be willing to listen to any employee.

    Recommends
    Approves of CEO
  10.  

    Webster: V.O.E.

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

    I have been working at Webster Financial

    Pros

    The company has given me an opportunity to work closer to home and my job hours are convenient.

    Cons

    They are behind the times. The website needs another major overhaul. They are not willing to listen to the employees' suggestions for improvements. They're not willing to meet the needs of the customers.

    Advice to ManagementAdvice

    Don't wait for the customers to submit your precious Voice of the Customer program. Bring back the Voice of the Employee!! We have the inside scoop of what needs to be improved and what the customers want...especially those of us who are on the front line!!!

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Decent Benefits, Not Great Pay

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

    I have been working at Webster Financial

    Pros

    The paid time off structure and benefits are above average.

    Cons

    Few opportunites for advancement. Pay is in the low 25% according to Salary.com.

    Advice to ManagementAdvice

    Learn to show better appreciation for employees.

    Doesn't Recommend

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