Low pay
Slow promotions
Micromanagement
Increasingly tight adherence standards
Management is uninspired from the top down. Culture encourages “yes man” behavior and falling in line. Stifled innovation.
Expectation on CS&S and Trader services is to be on the phone continuously for 8-10 hours a day with two 15 minute breaks and a 30 minute lunch. They micromanage adherence until you hate the job. They’ll stop you from advancing just for adherence even if you are top 1% in every other metric.
Small annual cost of living raises that feel like an insult especially in this environment. Got one $1000 stock bonus in 5 years. No profit sharing, no pension. You are a number here, nothing more, despite all
The nonsense about “schwab family.” TDA was a family. This is the empty husk of this family with a parasite living in it.
Smart money stays for 2-5 years tops and moves on or else you’ll be doomed to poverty and small 2.5% annual cost of living raises each year.
Bonuses are mediocre. Appreciation comes in the form of pizza parties. Are we in elementary school?
Managers and anyone still around are either biding their time, or have resigned themselves to be sycophants. Such an environment does not breed competitiveness nor innovation, and it cannot retain top talent.
