KeyBank reviews

3.6

58% would recommend to a friend

(913 total reviews)
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Chris Gorman

64% approve of CEO

52% positive business outlook

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913 reviews

Reviews about "Compensation"

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1.0
May 7, 2015
Recommend
CEO approval
Business Outlook

Pros

Entry level teller training comprehensive. Teller school prepares new tellers for job responsibilities. Tiedeman location very nice and has excellent food services / breakfast, lunch, snacks.

Cons

Key Bank has an extremely negative culture. Area Retail Sales Leaders put high pressure and unrealistic sales expectations on employees. District leadership non existent until branch is under performing. Employees are micromanaged hourly, daily, weekly, monthly quarterly, and yearly. Tellers are increasingly responsible for contributing to branch sales goals. Micromanagement includes constant coaching / performance improvement plans for anyone not exceeding sales goals in all 5 areas. New system implemented in 2014-2015 for tracking goals / success is even more confounded and impractical than before. Leadership is negative, demeaning, demoralizing and just plain rude. No work life balance. Annual performance review for Tellers is nearly impossible to rank highly even when significantly exceeding all goals. Below average pay. All branch positions paid hourly except Branch Manager. Punch clock rounds to nearest 15 mins. Performance improvement plan if hours exceeded scheduled hours even though no fault of your own. Tellers expect to work less hours than promised regularly, unless someone in your branch is on vacation. Branch managers are salaried and abuse time off policies. Not well policed. Branch managers have lied about being at work, abused time off, show up late, leave early, will not be in rotation to work weekends. Branch managers frequently avoid accountability and force other staff i.e bankers and tellers to deal with difficult customer situations despite customer asking to speak with branch manager. No accountability. Little room for advancement. Bankers expected to stay late or come in early for meetings with little notice. Performance often graded by how well management likes you / vs actual numbers. Bankers frequently moved from branch to branch. Same negative culture seen at many branches across several districts. Teller lines are revolving doors because pay is poor, expectations are unreasonable, stressful customer situations and work in constantly critiqued. Very poor leadership throughout corporate levels. 1-800-KEY2YOU customer service is incompetent. Branch must often dealswith calls from Key2You and handle situations that take away from opportunities for sales.

4.0
May 5, 2015
Recommend
CEO approval
Business Outlook

Pros

Well educated staff. Clearly defined goals. Great upper management communication. Honest and hardworking employees. Decent base line compensation for branch staff. Great performance based incentive compensation for personal bankers & branch managers.

Cons

Not a lot of advancement opportunities. Does not hire within. IC pay for lead tellers and tellers is not competitive with industry standards. VERY tight staffing models. Old style of managing prevalent.

1.0
Apr 23, 2015

Technology area is a joke

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Very good benefits. PTO, 401k, etc. Salary is average to slightly above.

Cons

Management at all levels of technology is worthless. Promotions are given to sycophants who do not even come close to meeting the job requirements. Poorly communicated wave after wave of layoffs. Highly educated, senior technology associates must bow before operational managers who are a small cut ahead of high school graduates. CIO they brought in did not even have a background in technology!!

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