The Bancorp "cost of living" Reviews | Glassdoor

The Bancorp Employee Reviews about "cost of living"

Updated Dec 4, 2019

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2.4
36%
Recommend to a Friend
50%
Approve of CEO
The Bancorp CEO Damian Kozlowski
Damian Kozlowski
15 Ratings
Pros
  • "Free coffee and creamer and ice machine(in 4 reviews)

  • "Great company, great people to work with(in 4 reviews)

Cons
  • "Senior management doesn't interact very well with regular employees(in 3 reviews)

  • "no cost of living, no bonus, raises IF you're eligible are below(in 2 reviews)

More Pros and Cons

Reviews about "cost of living"

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  1. "Small Bank with many problems"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Staff in Wilmington, DE
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at The Bancorp full-time for more than 3 years

    Pros

    -It is a job. Be happy you're employed -It's banking, and many of the skills you will learn are transferrable to other banks -Many lower level people are very friendly and helpful -C suite has done a good job in terms of profit and revenue after several years of lackluster performance and seemingly never-ending consent orders -Holiday party

    Cons

    -Ineffective middle management. Many would rather spend their time micromanaging and demeaning their employees than working on their respective job function -Antiquated IT systems/practices. Most computers are several years old -Heavy turnover. They are pretty quick to fire VP's and above for "underperformance" -Minimal raises (Less than cost of living adjustments) -No bonuses for non-revenue driving departments -Benefits are not very good compared to other banks in DE (No maternity leave) -Work/life balance is very dependent on department and function. They will likely tout their "flexibility" during the interview process, yet some departments strongly encourage it and some don't allow work from home at all

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    Advice to Management

    Do a legitimate performance review of the various departments. Listen to the feedback during exit interviews. It's a turnover factory and seemingly nothing is being done about it. Why would talented people continue to leave? Rid yourselves of the dead weight middle management, the legacy people who focus more on office politics than the work being performed. Actively market the company outside of the occasional golf outing. Most people want to work for a company that they've heard of prior to the interview process.

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    The Bancorp2019-12-05
  2. Helpful (5)

    "Good Coworkers - Poor Structure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Various During Course of Employ in Philadelphia, PA
    Doesn't Recommend
    No opinion of CEO

    I worked at The Bancorp full-time for more than 3 years

    Pros

    co-workers were very willing to pick up the slack of operations and management - willing to train on internal software, willing to impart wisdom/policies that were never distributed by HR but enforced. I learned a lot thanks to a few great people, who have all since resigned for better opportunities. Nothing i learned was in part to the company's on-boarding, continuing education, or managerial techniques. I had 1 wonderful supervisor, he was truly a 1 off at the bank, a kind he too has since resigned.

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    Cons

    no cost of living, no bonus, raises IF you're eligible are below cost of living %. 2nd year of employment they raised health care costs, and offered less comprehensive care; due to lack of raises & cost of living, i received less in my check the 2nd year than in the 1st year - as did many others. HR violates all sorts of standard policies/rights of their employees. do not expect to have any issues handled by HR, they will only show their face for layoffs.

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    Advice to Management

    quit while you're not too far behind.

    The Bancorp2015-09-16
Found 2 reviews