Quid pro quo culture. - Anonymous employee FHLB Indianapolis Employee Review

2.0
Nov 6, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary, benefits, opportunity to learn about industry

Cons

Exec management team has some great people managers and genuine technical experts, also has some Machiavellian individuals that are always waiting for the next opportunity to promote themselves. These couple of players smile to leadership and the board but continue to be very aggressive and punitive to staffers they depend on. Weird world. Almost all officer promotions are political trades (i.e. I will approve your candidate if you approve mine) or DEI check offs. There are some employees that have been there 10+ years that are always pulled in to fix problems but have never even been considered for a AVP title because it doesn’t help the SVP in some way. Similarly that are officers that have the hardest jobs on the books and don’t get any additional credit or promotions because someone actually had to get the job done. For example, you have 25+ year operations experts for major business lines and functions overlooked in succession planning in favor of EVP and SVP favorites. You have brand new managers from completely unrelated functions being named to manage credit service or other highly technical functions where subject matter expertise is needed in addition to management know-how. That just puts extra work on everyone else because they don’t know what they’re doing and aren’t being put in a place to succeed. They get stressed and everyone else gets resentful, and their supervisor, who was not given a day in the hiring matter, gets more work and more stress. CEO is obsessed with DEI politics and hiring and then wonders why employees are all unhappy, including the DEI candidates that get pulled into the middle of this mess.

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FHLB Indianapolis Response
2y
We appreciate your feedback as we look to continue those things that we do well and improve in areas where there's opportunity. The Bank’s DEI efforts have helped us grow tremendously over the past several years as it relates to company culture, inclusion and engagement, but it’s still a journey that we continue to improve upon. The Bank hires very talented and technical individuals but being a smaller organization, not everyone can be officers; however, that does not minimize the importance of the work our employees do every day.

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Pros

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Cons

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FHLB Indianapolis Response
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Thank you for letting us know about your experience. We truly value our employees and their experiences at the Bank.
5.0
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CEO approval
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Pros

People are friendly and willing to share knowledge and expertise Wlb is good Hybrid work mode The benefit is great

Cons

I don’t come up with any

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FHLB Indianapolis Response
1y
Thank you for your comment. We appreciate your feedback as we look to continue those things that we do well.
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