Deutsche Bank - Creates second class employees through outsourcing | Glassdoor
There are newer employer reviews for Deutsche Bank
There are newer employer reviews for Deutsche Bank

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"Creates second class employees through outsourcing"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in New York, NY
Former Employee - Anonymous Employee in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Deutsche Bank full-time (More than 10 years)

Pros

Reasonable salary/benefits and work/life balance. Gives lip service to fostering a diverse work culture. Reasonably smart employees overall.

Cons

Took advantage of market conditions and outsourced a group of long-term research employees that they needed but not longer respected to a firm with no experience in the business line, thereby creating a second-class set of de facto DB employees (as employees remained in their same desks/offices, performing the same jobs, but no longer eligible for the same benefits). Anyone who didn't accept the offer from the third rate outsourcing firm was denied severance and terminated. Outsourcing firm has no idea how to run the business line -- completely dependent on the transferred employees to make the transaction work.

Advice to Management

"Transferring" long-term employees to an outsourcing firm creates a set of employees who no longer care about the company or its future -- destroys good will.

Other Employee Reviews for Deutsche Bank

  1. "DB"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook

    I have been working at Deutsche Bank full-time (More than 3 years)

    Pros

    I dont really see any good things about working for this company

    Cons

    all the jobs end up going overseas

    Advice to Management

    NONE


  2. "Diverse, Slow to embrace change, Bureaucratic,"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Group Audit in New York, NY
    Former Employee - Vice President Group Audit in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Deutsche Bank full-time (More than 5 years)

    Pros

    Very diverse workforce globally, technologically upto the mark, sound internal processes

    Cons

    Very bureaucratic, slow to change, still controlled by those who value networks more than performance - so merit may not always win.

    Advice to Management

    Follow your own words - when you say ' Passion for Excellence' you must mean it. Merit alone must win a promotion or a pay raise, not networks and who you know.

There are newer employer reviews for Deutsche Bank
There are newer employer reviews for Deutsche Bank

See Most Recent

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