A fiasco waiting to EXPLODE !! - Vice President BNY Employee Review

The company has been focussing on creating 3 global growth centres and has been focussing on Pittsburg, Manchester and India. In the name of growth it has been only moving jobs and headcount to save costs. The presence of senior management sitting miles away in high rise office buildings are amused by fancy presentations presented to them by the senior managers from these growth centres and assume all is well coz the colours and fonts on perfect - far from reality. The overal employee engagement is poor - since quarterly employee townhalls are assumed as excellent employee connect forums where employees are threatened to attend by their managers and managers are pull up if the employees do not attend these sessions of townhalls. - so much in the name of employee engagement. Message conveyed of having an open door policy are only superficial - if an employee reaches out to the senior managers for help - well beware !! - they are put on a Performance improvement plan. Promotions are only basis how good are you with your manager. The growth locations also lack a good leadership team - just a bunch of senior managers !! Its like giving a razor in the hands of a baboon !! The biased (senior) management approach is evident from week 2 of you joining - cant miss the artificial environment in the air. The alienation between the business and support functions is an open for all affair ! Free mud slinging is evident !! No respect for each other !! Employee engagement scores of the company clearly show areas of focus but for years now they have been just ignored and brushed under carpet !! Having late night management meetings in closed meeting room doors is a classic example of employee engagement - Hilarious !! Appetite to accept feedback by the senior management team is extremely poort !! They would only do what they think is right - there is no best practise emulation across the company. Growth opportunitites are poor Ownership is low at senior managment level. An additional level of managers is just been in the system without being productive.... its evident since at these levels retention has been a 100% - no work only job of co ordination and good salaries with having the option to put the neck of junior staff on the line without taking ownership - who would want to quit such jobs !! Immaturity of senior managers and their power "politics" has a direct impact on the employee base and the oblivious behaviour of the senior managers is appalling. Rigged cost saving initiatives to show efficiency of operations is an old trait of the senior management team at the growth centres. Forced participation in community activities is another example of employee engagement - dare not attend coz it is monitored and non attendance is pull up in your annual appraisal !!