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Royal Bank (IL)

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Mismanagement - Anonymous employee Royal Bank (IL) Employee Review

1.0
5 Aug 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pays employees similar or better than surrounding banks

Cons

Just like the other employee mentioned. This bank has a high turnover. This bank has a difficult time retaining employees due to mismanagement. I’m not sure what is going on, but many employees have left the company just in the past few months. Some leaving weeks after they are being hired. Clearly there’s an issue. As for me, I’m currently looking for another job as this company has become unbearable. I can confirm the recent review, that many employees are upset about this whole bank account issue and many are just waiting for another job to come along. Many don’t want to question it due to fear of losing their job, but forcing employees to have an account at Royal Bank is an invasion of my privacy. The bank can monitor my work email and my internet activity, which I’m OK with, but now they want to monitor my personal spending habits away from work. The bank says no one has access to the employee accounts, but that’s not true. The bank president sent a nasty email saying that we should not leave 1.00 in the account. Clearly, someone is monitoring the accounts.

Explore other reviews about Royal Bank (IL)

1.0
22 Feb 2021
Recommend
CEO approval
Business outlook

Pros

Coworkers were nice and helpful

Cons

Worst company to work for

1.0
29 Dec 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

It paid more than my last job. That is about all this job has to offer me in terms of pros.

Cons

Management is constantly sniping at you to do pointless projects in hopes of bringing in more customers, then blaming you when those plans don’t work. They make all sorts of changes to the bank that drives customers off, but when they close their accounts they blame it on bad customer service. They also don’t seem to understand their customer base (mostly middle age to elderly people that have been with he bank for decades) and would rather put more energy into hassling our old customers than figuring out feasible ways to bring in new customers. They don’t offer competitive rates (though they like to tell themselves that they do) but are somehow surprised when customers leave. All of this leads to them blaming the bankers and making our lives hell with ineffective busy work and lose threats of termination, and they do this so much that no one cares if they do make through on their threats. Also, we got no Christmas bonus this year, and the president said we might either get it in January or possibly June. At this point I don’t think we’ll see it at all, but they’ll still wonder why no one is helping them out.

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