How much turnover until the higher ups actually pay attention? - Anonymous employee KeyBank Employee Review

2.0
Aug 9, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are decent, 7% 401k match, wellness incentive, banker hours

Cons

Where do I start? The operations of the branch make zero sense. You have your tellers and bankers who basically do the jobs of 10 different people only to be paid less than their manager who focuses on small business and telling the remainder of the staff what to do. Manager goals vs banker goals are a joke. They have much smaller goals, their accounts are worth more, yet they do even less than the bankers? The incentives are a joke in general, since getting here I have seen the incentive plan change at least 5 times and for no other reason than to save the company money. Managers aren’t held accountable for anything and take advantage of it. I rack my brain wondering why my peers and I are the ones running the branch but we’re the lower man on the totem pole. If you’re looking for professional growth you won’t get it here unless you happen to be favored by the current leaders and their politics. I have seen 4 strong coworkers leave to go elsewhere because they were constantly passed over for opportunities in favor of external hires WITH NO EXPERIENCE! Imagine working for a company and them picking someone with absolutely no qualifications over promoting you? Yikes. Due to the lack of promotion and working your tellers and bankers like dogs every single branch is understaffed. You’d think they would be okay paying overtime during this but you’d be WRONG! They would rather you leave your branch even shorter and make the clients experience even worse than compensating their employees to be there. I’d say to hire more people but it won’t make a difference because the turnover is awful. Nationally all businesses are understaffed and choose to adjust hours to accommodate the staff and not overwork them or work under so overstaffed. How about you close on Saturdays until you figure out your staffing model instead of constantly leaving other branches short staffed to make it happen. The client experience is still going to be terrible. I’d rather have a client annoyed we’re closed on Saturdays due to staffing than to have clients getting absolutely terrible customer service experiences because how could they possibly get a positive one when the staffing model is a joke. Upper management is constantly in rotation. Everything and everyone’s individuals success is determined on how that current leader feels about you. You’ll see the leaders favorites flourish solely because they’re friends over someone more competent or qualified. To consistently see such solid employees leave because of the environment and toxicity of the company is appalling and embarrassing. To work for a company that would rather bring in external hires for EVERYTHING than keeping the ones they have happy is disgusting. You are replaceable and we get it but to be so blatantly obvious that you don’t want any of these people to succeed beyond their role is alarming.

Explore other reviews about KeyBank

5.0
Jun 26, 2026
Recommend
CEO approval
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Pros

Work life balance and flexibility

Cons

High turnover ratio for employees

4.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Flexibility is what sells this place as a great place to work. Hybrid schedule, great PTO, no guilt trips for needing time off for family matters.

Cons

Your experience will vary greatly based on your manager. One asset manager can freely call in or wfh without worry where another AM may be reprimanded for the same. The insurance department is completely inept. Borrowers are constantly threatening to sue because our insurance dept management sucks. Very little training across most departments. Some people work very very hard, others dont work at all, there doesnt seem to be much oversight there. When a manager tells their employee "dont expect to get promoted next year" with no guidance or encouragement, you pretty much kill all motivation for that employee to do better. They will hire people as senior staff and pay them way more than their seasoned employees make, and then tell their seasoned employees not to expect a senior promotion.

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