Significant Room for Improvement - Strategy FHLBank Chicago Employee Review

Low Morale Role Stagnation Unclear/Unattainable Role Expectations- Some managers will nitpick at the most minor "mistakes" amd use it as a reason to deny promotions and prevent growth. They will literally tell you that were not eligible for a promotion because you used incorrect punctuation in an email you sent a year ago. Low pay- and despite their responses to other commentators, the pension does not make up for the low pay and their "total rewards" and PTO, HSA and lifestyle savings program is no different than most corporations. Made Up Metrics- the bank is very profitable and exceeding targets on paper but employees are told their bonuses are being cut. Lack of Innovation- Lord help you if you have the audacity to suggest any sort of process improvement. It will be immediately shut down and the response is "we've beeing doing it this way for 20 years so there is no reason to change it". The real explanation is that they have people in leadership and management roles that don't even know current processes so there is no way they are going to learn a new one. Lack of Organizational Leadership- random titles are passed out to managments "favorites" who are not adequately trained or prepared for the role. No Clear Organizational Objective- The overall mission of the bank and how employees may contribute to the mission is unclear; yet this is directly tied to and affects employee bonuses. No Work/Life Balance- we are back in the office 4-5 days per week and have no interaction with senior leadership. Most employees are excluded from meetings know nothing about what is going on. We are told to stay at our desks and might receive a random "FYI" with no explanation as to what is going on or what we should be looking at. People might be less adverse to being on-site if they had actual face time with executive leadership and were acknowledged for their accomplishments and contributions. Currently, accomplishments and contributions are only acknowledged if a manager or co-worker will submit a form for you. Morale is so low right now that the majority of the people will not even waste their time to do this.