So VOE results have come and guess what.......EVERYONE HATES CITI! Upper management is still in denial. The O’Fallon AML dept is the worst. Keep up the great work guys! Maybe next year we can light up all the charts with new low numbers and all red VOE charts.
7 replies (most recent on top)
A big factor in burnout is not necessarily that work is meaningless but rather that whatever work you are doing meaningless or otherwise is rewarded with little to nothing and the constant threat of layoffs. All we hear all year long, year after year is the fear factor of pending layoffs. “Just be glad you aren’t layed off like others. Consider that your bonus” often followed by “do more with less, work harder, longer and more often and guess what, you still may be layed off”. Just how high can morale be expected to be?
A big factor in burnout is that most work is ultimately meaningless, or even morally wrong, and on a deep level, we're aware of that. Why is it so hard to make yourself work? Probably because you actually should be doing something else with your life. This is Citi.
Is this surprising to anyone at all?
There was more participation in AML VOE at the O'Fallon location then last year and the numbers were even lower in some of the low scoring items from last year. A great deal of makers are on performance plans for goals set while we were trying to meet sustainability and are not reflective of the process now. In addition, the only feedback they get is do more, there is no help and none of the management staff actually know how to do the job. You would think a true time study would be done along with analyzing true numbers however this is not the case. The best thing that could happen is someone being walked out the door that makes way more money then the makers do.
So long as Corbat keeps making 22 million per year is what matters most. Its best to keep paying him that salary along with the constant rolling layoffs for everyone else.
Is anyone surprised that everyone hates Citi?
In addition, the VOE is useless and a waste of time. Nothing will be done with the results, so we all just wasted time filling it out versus looking for a job with a company that actually values their employees.
But how did we do in participation va last year? The id–ts in upper management (I’m one of them) are more interested in that metric than what people are actually telling us. No BS.