CoBank reviews

3.1

54% would recommend to a friend

(324 total reviews)
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Thomas Halverson

72% approve of CEO

49% positive business outlook

CoBank has an employee rating of 3.1 out of 5 stars, based on 324 company reviews on Glassdoor which indicates that most employees have a good working experience there. The CoBank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

324 reviews
1.0
Oct 27, 2023
Recommend
CEO approval
Business Outlook

Pros

The lunch room is amazing, flexible work from home opportunities for some, clean office space, tons of associate resource groups that at least gives the impression that CoBank values inclusivity.

Cons

CoBank is nice and exciting when you are new and before you get thrown into the thick of things. Once you are up and running with your orientation you learn just how understaffed every single department is at the work. The company has a shadowing portion for advancement to other departments and literally every group I spoke with is/was understaffed. CoBank runs a lean ship despite boasting record profits and how well they are doing. God forbid associates have some breathing room if it means saving a couple of bucks from hiring a new person or three. CoBank's reluctance to hire more bodies seems to apply only to the common worker doing the majority of the work. When my department's manager was promoted to a different position in the company they were replaced with TWO people, while also bemoaning the lack of funds in the budget to hire extra people to actually help with the heavy workflow. One of the people who replaced this old manager was actually promoted (which is good), but their role was never backfilled meaning the team was actually down more workers as a result. Speaking of being new, the onboarding is terrible. The general company overview is comprehensive, however individual departments typically have NO formal training and everyone is set up and trained piecemeal. I've been here several years and still have not gotten set up for some logins that others in my job have. After a while you stop asking because what's the point? Over the pandemic managements was able to pivot to WFM. While the CEO acknowledged that they can't walk back on that without losing talent, managements is still clearly trying to get people back into their large and expensive office space. They have been pushing "Connection Days" that no one actually ever seems excited for, but management swears up and down associates are clamoring for. Department managers "strongly encourage" their teams to come in to make the initiative look more successful than it is. Due to individual deals and different standards for different people, CoBank allows some associates to work fully remote, no questions asked, while allowing their co-workers with the same job and responsibilities to be called into office at managements discretion. This is just poor leadership to make deals with other employees you are unwilling or unable to make with everyone, and frankly, sows discourse amongst teams when certain people get special treatment. Managements is slow to make changes. Managers will be in meetings about meetings, and I don't think I have ever seen an initiative launch date that wasn't pushed back several times. A lot of the software is clunky and feels incredibly outdated. It's such a waste of time and resources where leadership could be focusing on their teams and addressing actual issues but instead they need to have a meeting on something mundane. While people are generally nice at the company, there is a toxic culture of different departments playing hot potato with who does what work. Sometimes it feels like sorting out who processes what takes more time and effort than actually doing the work. A great perk of CoBank is the yearly bonus paid out to associates. However, even that is messy. The bank made record profits in 2022, however, the multiplier given on our 2023 bonuses was lower than in years past because of associates not meeting some obscure goal(s). Again, the ASSOCIATES made the bank break a record year and they don't even get rewarded for it. Who are these metrics for and what do they actually accomplish besides giving managements an excuses to stiff workers? This is a genuine question. As the average worker I have no ideal what metric/goals we didn't hit to cause our bonuses to be cut. How do we work towards something we are not aware of?

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CoBank Response
2y
Thank you for taking the time to provide your detailed feedback. We appreciate your commendation of our facilities and the flexibility we offer. We understand the concerns you have raised about staffing, onboarding and communication. We’re committed to continuous improvement and will take your feedback into consideration to enhance our associates’ experience. We take associate feedback and comments very seriously and want to respond to the some of the concerns you’ve raised. CoBank developed our Flexible Work policy based on role classification in the summer of 2021 and has continued to evolve that the policy. Today, approximately 98% of our roles at CoBank are either classified as hybrid formal, hybrid flex or fully remote. For example, HR Business Partners are in the office every day because their customers are in the bank. In conjunction with our flexible work policy, we’ve put other measures in place to ensure strong team cohesion across the bank and a continuing healthy corporate culture. Through workplace surveys, associates told us that they value social connections with their coworkers in the office. In early 2023, we tested once-a-month connection days to see if associates were able to use the time to engage with their peers and with other departments. To help encourage social connections, we offered free lunches, urged associates to have meeting-free time on connection days and also coordinated Associate Resource Group events on those days. After a trial period, we again surveyed associates to get a pulse if connection days were valuable. Over 75% of associates indicated that they wanted to continue connection days and found them to be a good way to foster social connections at work. CoBank’s Short-Term Incentive Plan provides a competitive, performance-based element of annual compensation. Our corporate factor is determined based on business metrics and the achievement of business objectives as defined in the Strategic Business Plan each year. These goals will change from year-to-year, and, as a result, the corporate factor component of our STI will also change. The corporate factor has been significantly higher than 100% over the last 10 years due to the bank’s strong financial and operational performance. Please consider reaching out to your HR business partner to discuss specific concerns so that we can have a dialogue for positive change.
5.0
Sep 29, 2023

Dynamic &supportive culture

Recommend
CEO approval
Business Outlook

Pros

From onboarding to active work, everyone has been hands on and communicative despite any remote difference. Any question I've had has been answered and then some with logic, resources, and support.

Cons

Software (widely used among competitors) is cumbersome, but the understanding and help with resources is plenty and comforting.

5.0
Sep 25, 2023
Recommend
CEO approval
Business Outlook

Pros

-Flexible work options that promote and encourage a healthy work/life balance -On-site campus amenities (Cafe, Fitness Center, etc.) -Social impact programs for associates that allow for monetary charitable donations, volunteerism, and community investment. -Engaged and meaningful Associate Resource Groups provide a sense of community and belonging. -Comprehensive and competitive benefits package.

Cons

I have none that I would like to share at this time.

Viewing 103 - 105 of 324 Reviews

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