First Busey

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15 Employee Reviews (View Most Recent)

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Growing too quickly for morale to keep up

Teller (Former Employee) Champaign, IL (US)

ProsBecause it is a fairly large bank, compared to most community banks, Busey can afford to compensate its employees better than many small banks. There are also very good benefits, from relatively inexpensive health and dental insurance, to an amazing 401K with 5% match, profit sharing, and stock sharing. Busey also has friendly, helpful senior leadership that make themselves available to all employees, from the managers to the tellers. They hire internally first, so if you want to move up in the company, you only have to be at your current job 6 months to be eligible for another job, and you'll often get it before someone not with the company.

ConsOne of the downsides to hiring internally is that people who are less qualified are often given jobs over non-Busey outsiders. This results in a lot of training, and times where people that are above you, and thus supposed to be guiding you, have no clue what they are doing. Busey also merged recently with Main Street Bank, and the company morale took a nosedive. Many people got fired to put someone with less or equivilent experience in their job, because the company could pay those people less money. Many, many people, including some who have been with the company for 40+ years were either forced into "retirement" or quit to go find jobs where they were treated better. As some people leave, new people are not hired, forcing current employees to take over their tasks with no increase in pay. Policies change daily, without much notice to employees, until they get in trouble for not doing their job correctly. Managers can be inflexible, including telling students to work their schedules around when they're needed to work at the bank. Busey has also, though paying fairly well, failed to keep up with the rising minimum wage in Illinois, so entry level personnel are compensated less than they should be.

Advice to Senior ManagementRaise salaries to go with the rise in minimum wage, recognize that part time employees are students first and employees second, and communicate more with everyone.

No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    They cannot make up their mind of what they want to be.

    Senior Vice President (Current Employee)

    I have been working at First Busey full-time for more than a year

    Pros: The company like to lend based on character rather than only credit… Cons: If you do not come from the area there are… Advice to Senior Management: Keep an open mind an try not to use nepotism for making decisions. There are other ways… No, I would not recommend this company to a friend More

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Busey provides valuable experience to employees and offers room for growth within.

    Personal Banker (Current Employee) Urbana, IL (US)

    I have been working at First Busey full-time for more than a year

    Pros: Hires from within, good incentives for reaching sales goals, upper management… Cons: The pay is low in comparison to other banks. Advice to Senior Management: Consider an annual bonus for ALL employees regardless of status in… Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More

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