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Commonwealth Financial Network

Engaged Employer

Commonwealth Financial Network Opérateur reviews

2.9

30% would recommend to a friend

(14 total reviews)

Wayne Bloom

Not enough data to show CEO approval

Reviews by job title

14 reviews
1.0
Feb 29, 2024
Recommend
CEO approval
Business Outlook

Pros

Commonwealth hires good people that I enjoy working with, the insurance is good, PTO is decent. Work life balance is good except for excessive unnecessary commuting.

Cons

Where to begin... first, the remote work policy. Mandatory 3 days on premises. Last summer, the CEO himself said if you have symptoms of illness and need to work remotely, that's fine, that wasn't the intention of the new policy, and that they weren't going to be counting badge swipes. Now, they're literally doing just that. The company would literally rather your productivity be ZERO and use PTO than have you work remotely if you have a cold but could still work, which completely contradicts the reasoning behind the policy, which was to increase collaboration and improve the advisor satisfaction score. In operations, having a person out of the office means 60-80 cases not getting worked on that day that could have been. Secondly, the policy contradicts the company's illusion of diversity and inclusion. Nobody working an operations job could afford to rent in a town that's truly easily accessible to the office without living with several roommates. Now, consider that a disproportionate number of people of color live in communities that are entirely impossible to reasonably access the office three days a week. To do what? Bury your face in a computer screen to have Teams meetings you could have had at home anyways. The C-level is all white, the CEOs reports are (almost) all white, but there are a few women. There's no reward for hard work. You can score a 4/5 on your annual review and still be punched in the gut with a 3% standard pay increase, which for the record, does not even meet inflation in 2023 to 2024. So essentially, don't bother trying hard, it won't matter anyways. Why? Because even the bonus is garbage. They changed the bonus structure to effectively gut most of the annual bonus, and then proceeded to move the goal posts up until the day our annual reviews and compensation were made available, so even top performers got less than anticipated. It's almost like the poor communication around how the bonus funding and pool would work was completely intentional so they could tailor it to whatever fit a budget they had already predetermined. The company is so focused on their trillion dollar goal, they will sacrifice anything, including incredible talent, employee morale, and their integrity.

2.0
Jun 27, 2023

Getting worse

Recommend
CEO approval
Business Outlook

Pros

Hybrid Free snacks Fun events

Cons

Bad Management Not much diversity Hybrid is slowly going away Poor oversight

2.0
Apr 7, 2022
Recommend
CEO approval
Business Outlook

Pros

There are some great co-workers, limited work from home.

Cons

High labor turnover (which is framed positively by management as showing Commonwealth as an employer of choice in the labor market) and disorganized structure can make day-to-day simple tasks extremely complicated. Technology is an absolute joke and breaks regularly. Any criticisms/suggestions which could improve efficiency are shut down and ignored, it is truly a top down organization where you just do what you are told by management. Fringe benefits like underwater stock options and vacation properties during a pandemic are not too attractive given the current state of affairs so it makes since why so many have left since the pandemic.

Viewing 4 - 6 of 14 Reviews

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