Rabobank Reviews

Lots of office politics with the executive (all but one) seeming to only care about their own personal agenda, and promoting staff who align accordingly. The parent bank in the Netherlands maintains a tight control with little care for local staff, and sending seniors out to earn some stripes before heading back. Terrible staff morale, no stability or career learning and development, minimal investment in IT systems or people. Diversity and Inclusion is a joke - all talk, no do, seen as a tick box exercise with staff seeing straight through the HR led activities. Serious issues with supporting women in leadership - especially in country banking which is dominated by males.

Poor leadership and lack of accountability, a variety of narcissistic managers who restructure across the board in order to take out high performing employees (deemed as a threat I guess), disappointing lack of vision and strategy, projects never complete, very hierarchical and very little faith in the executive team to deliver results. Previous CEO (Thos) was terrific and had a great 7-year run with enormous wins on the board and highly approachable. Unclear what the new CEO is doing. I've watched HR treat staff so poorly during all the many restructures (most people are treated like criminals which is very inhumane) and it feels like the restructures are a regular occurrence at Rabobank Australia, which brings the mood down across the 5 floors. People are now too scared to call out serious bank risks they identified in fear of loosing their jobs. It's lost it's true cooperative values for which it prides itself in having. A total shame given the head honcho in the Netherlands just gave a brilliant speech about new initiatives. If only they could just complete the initiatives they already started though....