FHLB Cincinnati - A mediocre semi-governmental employer | Glassdoor
There are newer employer reviews for FHLB Cincinnati
There are newer employer reviews for FHLB Cincinnati

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Helpful (1)

"A mediocre semi-governmental employer"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Cincinnati, OH
Former Employee - Anonymous Employee in Cincinnati, OH
Recommends
Neutral Outlook
Disapproves of CEO

I worked at FHLB Cincinnati full-time (More than 10 years)

Pros

Work assignments are mostly routine and due to semi-governmental status, the organization is very risk adverse when dealing with employees. Will attempt to buy employees' loyalty and engagement. Maintains "cadillac" pension and 401K plans.

Cons

Annual pay raises are below average. Health benefits used to be very good and reasonably priced but now watered down and expensive. High level of focus on profit/dividend rate and controlling operating costs like pay and benefits. Very flat organization with little upside growth potential for the majority of employees.

Advice to Management

New president effective June 1st who is perceived as good guy and friendly. However most (not all) "senior" officers need to check personality and individual ambititions at the front door. Some staff and officers are staying too long just because of the pension plans.

Other Employee Reviews for FHLB Cincinnati

  1. Helpful (4)

    "The suckiest job you'll never leave"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sr. Application Developer in Cincinnati, OH
    Current Employee - Sr. Application Developer in Cincinnati, OH
    Doesn't Recommend
    No opinion of CEO

    Pros

    Retirement Plan
    Benefits - inexpensive, good healthcare coverage
    8:30 to 5:00 job
    Annual Bonus to 10% - everybody gets it
    Company is extremely profitable
    Job for life
    Everybody has the title "Senior Application Developer". Looks good on your resume

    Cons

    2-3% annual pay increases for everybody
    Low base base
    Hard work isn't recognized
    Poor performers get same pay increase and bonus as good performers
    There's no reward for taking risks or doing a good job
    Ancient computers
    Horrible working environment - cubicle city. Most people will never see the sun.
    Processes don't make sense. Very restrictive, even considering that it's a bank.

    Advice to Management

    Give employees pay increases that correspond to their contribution. If you pay everybody the same and give everybody the bonus, then you are rewarding mediocrity. Recognize good performers and get rid of the worst performers.


  2. Helpful (1)

    "-"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cincinnati, OH
    Current Employee - Anonymous Employee in Cincinnati, OH
    Recommends
    Approves of CEO

    Pros

    -benefits (medical/dental)
    -tuition reimbursement
    -incentive program
    -stability
    -opportunity to grow within the company-->either through promotion or departmental transfer

    Cons

    -work/life balance
    -base salary
    -vacation accrual rate
    -sick leave policy
    -mandatory annual 5 day absence

    Advice to Management

    -

There are newer employer reviews for FHLB Cincinnati
There are newer employer reviews for FHLB Cincinnati

See Most Recent

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