It's hard for me to watch what's been happening with Fidelity in the past several years. This company used to care for its employees and now they just want to use us the best they can and then discard us like yesterday's trash. There was a cooperative spirit here once and now it's every man for himself. Things are changing at a rapid rate and not for the better, and it just makes me sad to be here to witness it.
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@ Just Another Corp Number At Fidelity Investments Please reach out to someone for some counseling. If nothing else, at least Fidelity does offer some benefits including counseling, take advantage. And know that no job and no company are worth your life.
I agree wholeheartedly! Fidelity’s recruiters promised the world and spoke of how great and caring the company culture was and bragged about how much the company took care of its own.
The reality is that you can forget about work/life balance. The compensation is so low, myself and many others in the Durham, NC site have overdrawn checking accounts and late bills. And you will be forced to take calls back-to-back until you drop. And god forbid you cannot make it into the office whenever they demand. Have a bad day? Your performance, compensation, and even your job are called into question.
It’s so bad here and created such shame and guilt for leaving what was actually a good job for this (military). I’ve actually contemplated su----e on many occasions since being here.
Hi
The experience depends on where you work, and what kind of work you do. Many parts of Fido are under huge pressure to continually lower costs. Think operations, systems, legal…If a person is always looking over their shoulder and roles are in jeopardy of elimination it will lead to a demoralized workforce.
Fidelity’s a hugely profitable firm but there are strains underneath the surface. Interest rates at zero have been a real problem from a profit standpoint. Sales, Relationship roles continue to grow. That’s where the hiring is. As a VBO recipient and a (now)former branch employee AND in a former life at Fidelity working in operations, it is night and day in terms of working at Fido. Much better morale and appreciation from the company for what we are doing for clients. In Ops it was like you are a cost waiting to be riffed.
Fidelity could definitely do a lot better job of helping people move around the company. I had to leave Fido in order to change my career. Many others would say the same.
You say that but Fidelity is experiencing record growth , record profits and employees say they are happy on surveys. You say no one leaves but that is because they are happy and why Fidelity is paying people huge sums of money to retire.
You seem really unhappy I don’t know why you don’t leave. There are lots of job openings out there go get one. Fidelity is doing great so maybe it’s you.
I think this is quite emblematic of any large org. It cares in parts. But parts don’t make a whole. The benefits are great but career mobility is a problem. The levels and salaries are broken beyond repair for today’s world…so many people are at manager and above levels when they clearly can’t even manage themselves. There is no strategic thought … maybe there is a secret strategy but what’s the point of that if no one knows how to operate towards it. Top level leaders in BUs have been there too long and they aren’t leaving. Much of the crud starts there and the effects fall down. The ‘leaders’ I have worked in this company can’t differentiate between managing and leadership. They are politicians managing up. So essentially you end with good compensation, good benefits but highly disengaged, disenfranchised and dismayed general staff. The problem isn’t that people don’t get the concept of work. The problem is that people care a lot for what they get paid and want to do something to move the company forward. And that is not possible at fidelity with its top down culture. It’s this cognitive disconnect that I see in a lot of these posts.
So learn the fidelity nod, do as you are told, stop caring so much and you’ll be rewarded with a growing retirement account. Unless something drastically changes with the company culture, this is the only way I have found that won’t lead me to a heart attack or something like that.
I agree , Fidelity goes above and beyond in every way for employees
Think some of you don’t get the concept of work.
I hate to tell you this, but unfortunately it's everyman for him/herself at every major company. Teamwork still exists, however the way pay/bonuses are structured you have ensure you are the high performer. Also, Fidelity has a ton of benefits that they throw at employees, so I'm not sure how you are saying they don't care. For what it's worth I don't work there any longer but wouldn't mind coming back.