Great employees are under your nose!! Recognize and reward them!
Pros
The company goes above and beyond for clients. It employs extremely experienced and skilled people in the Global Family Office, Asset Management and Strategic Advisory divisions. RCM has provided family office services successfully for multiple generations since 1882. There is a nice new office space/facility with a beautiful view of St. Patrick’s Cathedral and the ice rink. Notwithstanding the high turnover in the past 16 months, the people whom work there are still cheerful. But it is uncertain as to how long the firm’s slow exchange of hard workers for condescending and arrogant individuals (in most cases via nepotism) will last. They terminated dead weight from the former Rockefeller & Co. which was greatly needed.
Cons
New leadership has amazing accomplishments in all of their past careers, but they are out of touch with reality in this part of the journey. They speak about how we’re in a people business, but they don’t treat half of their people with the most basic level of respect. They HAVE NOT subscribed to the maxim: “Employees come first. If you take care of your employees, they will take care of your clients.” Management brags about the new culture they’re creating. If you ask any employee whom came from the former Rock & Co, they will tell you, in confidentiality, that they hate it here. Flashback…… In November 2017 management announced that everyone from the janitor up to the CEO would be treated with the same level of respect, creating an inclusive environment where everyone says good-morning to each other and wants to win together, but 16 months later….. OH THE BIFURCATION. On the left side you have the “chosen ones” (not everyone but an embarrassing amount of new hires whom are undeserving SVPs/MD comics that knew senior leaders from previous roles, classes, etc.,). On the right side, you have inherited employees who are viewed as insects (some of which are deserving of such treatment because they’ve been dead-weight for many years) and then anyone else who wasn’t born with a silver spoon in their mouth. This segregation was on full display at an elites-only cocktail party approximately 1 week ago. If one were to wander to the reception area of the office, he or she would have seen higher-ups getting wined and dined while everyone else was still SLAVING AWAY. Earlier that SAME day at a town hall meeting, we were told “We all need to work harder”, acting like screwing over all the inherited employees during variable comp season didn’t just happen a month earlier. “We all need to work harder” is a euphemism for “Remember we will not treat you like a human.” The cherry on top of the icing on the cake is how they boasted how they handsomely beat their year 1 profitability targets….. and completely left out the minor detail that management screwed over hard working people (the underpinning of the company and its legacy). I knew the talent we brought in would come in at a high cost, but why do the inherited employees need to be the scapegoat and lose out on variable comp?... Oh and the recent 2 or 3 outlandishly positive Glassdoor reviews on the company…. NEWSFLASH these are definitely directed from the top. Leadership has asked the minions to improve Glassdoor reviews on more than one occasion. Read those reviews and you will laugh at how generic and shallow they are.