SWBC reviews

3.0

37% would recommend to a friend

(495 total reviews)

38% positive business outlook

SWBC has an employee rating of 3.0 out of 5 stars, based on 495 company reviews on Glassdoor which indicates that most employees have an average working experience there. The SWBC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

495 reviews
1.0
Sep 27, 2017
Recommend
CEO approval
Business Outlook

Pros

Insurance Benefits and the ability to possibly bonus

Cons

This company started out great, there was a greater vision in mind however over the past few years the company's goals have been lost. The vision is gone. When someone has been fired, they make up reasons and every knows about it because HR does not keep things confidential. The HR people are extremely rude and do not know how to address the employees. Management has their favorites. There is one manager in particular that looks for reasons to let people go and somehow the company is okay with this. They know what she does and they are fine with it. Yet, this particular manager plays favorites and her management style is completely twisted. I have seen her create reasons to let people go simply because she does not like the person. The company has recently undergone a change and laid off several people, but rather than be forward and say they are downsizing due to losing contracts, they made up reasons to let people go (i.e. You had an occurrence and we need to let you go). The top performers get away with everything from being late to calling in. Management will ask the to write an email stating they spoke about this employee being late therefore they do not get an occurrence and it is written off as if it was planned. People are not treated equally and regardless of how hard management tries to make it less noticeable, everyone shares their experiences with one another, therefore everyone knows what is going on. There is no room for growth. They choose to put a 21 year old with less than a years experience in a management position when someone who has 10+ years of experience is not taken seriously because they are not favorited. It is an unfair system. If management does not like you, they will talk to any department you apply for. Several people have been turned away for higher positions due to management stepping in and suggesting a different candidate. They let regular employees walk the floor and make management decisions, along with giving them their code for log ins and fee waivers. When a client wants to speak to a manager, they will most likely get another rep acting as a manager.

1.0
May 12, 2017

The downward Spiral of SWBC

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Cultural Diversity, profit sharing, free insurance and gym membership. (At one time but not anymore)

Cons

The politically correct acronym for SWBC stands for Sisters, Wives, Brothers, and Cousins. Three things are guaranteed to exist in their organizational environment, 1. Nepotism SWBC referral program breeds more of this. The ideal to hire great employees is placed second to hiring family which leads to number 2. 2. Cronyism By its true definition, management appoints friends and associates to positions of authority, without proper regard to their qualifications. Allot of promotions are given to employees based on personal loyalty and friendships outside of work. There was allot of gambling behind the scenes which also lead to questionable promotions and inconsistency of fairness in the area of corrective action to employees. HR blindly ignored allot of this. Being a yes sir and yes mam got you promoted quicker. Lots of mico management and yearly evaluations was designed poorly. 3. (The worst of the two) Fraternization between employees and management. This is why the acronym listed above. Its is the reason why 1 and 2 exist so blatantly and frequently. Didn't matter which department, Customer Service, LPO, or IT. Lots of affairs took place, management messing around with employees below them, married employees having affairs. Allot of emphasis given on personal relationships outside of work and not enough accountability to management. Lots of layoffs due to lack of proper leadership and training. Lost major accounts and the company's credibility took a hit. The organization's "tardiness" or "occurrence policy" was deplorable to say the least. Some of the management didn't know how to properly enforce the rules, others made up rules. The service center was rarely cleaned; most people such as myself got sick due to poor cleaning conditions or allowing sick employees to continue to work in the building. HR has this issue of not properly letting prospect candidates know whether he or she got the job. In one case, the recruitment team didn't even give the courtesy to send an email or a letter indicating their decision. Very tacky service by the HR department. Another issue is the career growth at SWBC. Some positions require degrees and the company will promote this. Their tuition reimbursement amount isn't allot to be desired. The major issue is the consequence of getting a degree may put you closer to the chopping block called lay offs. The company got rid of tenured loyal employees, some that have degrees as well just to keep cheap pay employees. LOTS OF WHISTLE BLOWERS. No work/personal life balance. Lots of Overtime and weekend work. Many days of being burnt out.

1.0
Mar 26, 2017

Don't Do it!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They used to have good health insurance

Cons

Upper Management are a bunch of backstabbers, gossip is involved on a daily basis. Don't expect to be appreciated for hard work hours you put in! They will always expect more from you. They just downsized their IT and have downsized other departments as well. This is not a good company to work for!

Viewing 34 - 36 of 495 Reviews

Glassdoor has 537 SWBC reviews submitted anonymously by SWBC employees. Read employee reviews and ratings on Glassdoor to decide if SWBC is right for you.