1. New senior managements with fresh look at the situation. What they preach sounds good, but what they are truly focusing on is cost cuts, and not on how to make the firm better place for the employees.
2. LOTS OF people leaving. The headcount of the company decreased by more than 20% from its peak about 2 years ago. People who are leaving and have left are employees that were loyal, knowledgeable, skillful, and smart (and personable!). Almost everyone I talk to that are still at Oz expresses an interest in leaving the firm. Less people = more work, but not necessarily get paid more. The worst part is that the management is doing absolutely nothing to prevent more people from quitting. Maybe that's what they want.
3. "Promote within" is a false statement. The only promotions I've seen involves their bosses leaving. Even then, in many cases, instead of promoting a capable employee, the management likes to find talents externally.
4. Very little bonding and interactions between the employees in different teams. People only come to you when they need something. Personally, I like to have more personal interaction with people I work with, since I spend more time with them than with my family.
5. Overly complicated process and institutional nuances causes steep learning curve. This also takes away employees from fully understanding what they are doing and focus more on learning about the process. Most people resist changes, so there are no efforts being made to reduce unnecessary complexity.
6. Even during vacations, you are expected to check your e-mails. Also, taking a vacation is such a big deal. Why can't I take the vacations I earned without being complained about when to take them?
7. Look at the asset under management and the stock price of the Company in the past few years. That will tell you everything you need to know about the firm.