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Tonik Digital Bank

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Tonik Digital Bank Reviews

3.1

50% would recommend to a friend

(61 total reviews)

45% positive business outlook

Tonik Digital Bank has an employee rating of 3.1 out of 5 stars, based on 61 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Reviews by job title

61 reviews
2.0
25 Apr 2023
Recommend
CEO approval
Business outlook

Pros

- Good basic pay. - HMO covering unlimited family dependents. - Hybrid (2 days WFH, 3 days office) - Good regional reputation because of excellent PR - Cheap parking, 60 pesos flat rate in Estancia - Everyone's so chill

Cons

- Top management spend so much on expensive meetings and parties and outings and fly-ins and fly-outs. CEO flies in every other week. Others fly in every month. So extravagant considering the company is still spending investor money. - No guaranteed yearly increase. - No quarterly or annual bonuses. - Partner program exudes vibe of elitism and exclusivity. Partners (or employees with stock options) act like bosses, while most of them are incompetent, but just have friendly relationships with top management. It's not at all inspiring to be a part of it. - Poor company culture because C-execs are not based in PH and are not Filipinos. - Hires too many consultants and third-party providers or agencies. C-execs lack trust, empowerment and support for middle managers and officers. They overpay vs. average market rates, but they don't empower or maximize their hires. - Too crowded and some roles are redundant and useless. There are external meetings where almost all heads from different departments are invited. Some are just too lazy to filter, assess and assign most appropriate owner of partnerships/third-party vendors. - Ownership is given to whoever is the loudest, not the most competent. - PH company, but Chief HR is Indian, so expect less efforts and less support for Filipino employees. - People work in silos. - Office layout is such a mess, causing poor company culture.

1.0
29 Feb 2024

Gaslighting and racist top management. CEO is Hitlxr in the making

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Staff, middle managers, different offices work towards the same objectives, high entertainment value if you like clowns for a top manager

Cons

- if you say no to top management, you'll get fired - Top management only trusts and listens to Europeans or Elon Musk - Top managers grab credit so they can also be "safe" - Top management MUST be everyone's customer, or else... you'll get fired - uses "performance management" to forcibly fire people

2.0
22 Mar 2024

Very dynamic and untrustable.

Recommend
CEO approval
Business outlook

Pros

Good environment to learn. Great benefits

Cons

1. CEO is from traditional banking background and has no clue of digital banking. And no CTO smart enough wants to stay. 2. Too much politics at the top and only people close to ceo survive especially those at HQ. 3. Unit profitability is not equal to company being profitable. 40 to 95% interest rate will surely give you unit profitability but above 40% npl brings you down. Old technologies Too many integrations with vendors adding to fixed costs.

Viewing 1 - 3 of 61 Reviews

Glassdoor has 66 Tonik Digital Bank reviews submitted anonymously by Tonik Digital Bank employees. Read employee reviews and ratings on Glassdoor to decide if Tonik Digital Bank is right for you.