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Alterna Savings

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Alterna Savings Reviews

3.4

56% would recommend to a friend

(230 total reviews)
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Robert Paterson

74% approve of CEO

57% positive business outlook

Alterna Savings has an employee rating of 3.4 out of 5 stars, based on 230 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Alterna Savings employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

230 reviews
5.0
10 Sept 2025

Excellent, Growing Employer

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Lots of room to be involved in decision making and strategic growth. Fun and engaging teams, with hard-working contributors.

Cons

Not as big budgets, or as innovative as larger financial institutions or fintechs.

1.0
17 Dec 2018

Great example of a poor employer

Recommend
CEO approval
Business outlook

Pros

Retro TV from the 80's in the lunchroom cafeteria

Cons

- Poor Management, unexplained firing and lots of turnover - No career progression opportunities - Senior Management are predominately from the Big 5 banks who were laid off due to poor performance and masked as top hires - Head of HR lacks basic HR skills, she spends >80% of her time “working from home” and is rarely available - VP’s & Directors spend lavishly on 1st class flights between Ottawa & Toronto - CEO is more focused on winning meaningless awards; including the AON employer award which is an employer he once worked for - 60% of the organization’s bonus pool is allocated to a handful of senior management - Key employees are fired without reason after being significant contributors on top projects - Region leaders are quick to point blame to other departments due to their inability to produce sales within their regions/districts - Branch managers are "old school" and lack the skills needed to motivate their staff to be sales oriented. Many have been in their roles for too long and do not have - Key employees who are capable are held back by others who create obstacles and/or resist change - TURNOVER, key teams have lost almost all of their employees because they've either been fired or have realized that there is no growth and have left the company on their own will - Many individuals on the management side including branch managers are great at telling others what to do and complaining. They will almost never put pen to paper to complete an ask. For example, not one has even prepared a PowerPoint themselves to present an idea. - Salary is well below industry standard (do your research) - Pension is only available after working for 1 year - Work/life can be challenging at times due to the back and forth on non-value add work which is pushed by management who simply "create work" - Employees are not allowed to work from home, even though this was guaranteed at time of hire

1.0
6 Mar 2016

Terrible management not enough staff

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good benefits, pension plan, alot of great people but sadly many hard workers are often overlooked because of office politics and self preservation.

Cons

In adequate pay, terrible management, supervisors sabotage employees they don't like to fail. Vacation freeze for the summer, overtime and short staffed lead to high stress causing human error yet management took no accountibility nor helped employees. No understanding for errors under extremely high pressure times and gave poor reviews for a very hard working team. If you have a disability don't bother telling your manager they don't care and don't help. Supervisors also talk about other employees in a negative way creating a hostile environment.

Viewing 1 - 3 of 230 Reviews

Glassdoor has 242 Alterna Savings reviews submitted anonymously by Alterna Savings employees. Read employee reviews and ratings on Glassdoor to decide if Alterna Savings is right for you.