Decent benefits - Terrible Pay - Mortgage Employee Ally Financial Employee Review

2.0
Aug 15, 2011
Recommend
CEO approval
Business Outlook

Pros

The benefits as in health and dental and vision are pretty good. Vacation or PTO (paid time off) are also pretty good. Hours for most are pretty good too. Most people work hard and are friendly.

Cons

The pay is not good in Waterloo. They know they have you here. In other words, there isn't a lot of competition for the services of the employees in the the area so they don't have to pay you - and they don't! Other locations get paid much better than here even though we're constantly told how good of a site we are? In recent years they've taken away some holidays and PTO with no pay increase...come on. The employees have NO voice or representation -when the company decides to make decisions that's it, regardless if the workforce likes it or hates it.

Explore other reviews about Ally Financial

5.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

We get to work from home full time.

Cons

We work 2 to 3 Saturdays per month.

1.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

You get a bi-weekly paycheck.

Cons

The culture has tanked under new leadership over the last couple of years. It’s cutthroat, senior management keeps swapping out experienced leaders for their own people, same values, same bottom line only mindset. No one actually knows what they’re doing because everyone’s expected to do everything and own the fallout when it doesn’t work. Decisions get micromanaged or made behind closed doors about your own team, with no input. There’s constant pressure to cut expenses, and the target seems to double every month, at this rate it feels like the end is inevitable. Layoffs happen a few times a year now, two years running, and leadership straight up tells you it’s the new norm, so get used to it. Everyone knows it, everyone talks about it, and everyone’s living in fear. On top of that, you’re expected to work 12 hour days and answer emails on weekends, then get told you’re still not doing enough. It’s demoralizing. This is an awful place to work, and with the job market this bad, people can’t leave even though everyone’s looking. Feels like a sinking ship, and they deserve it for how they treat people.

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