Scotiabank reviews

Training program is a farce, a shell of what it should be. It essentially as if some senior exec wrote a training program on paper to say that they had one. Pay for performance is not correlated, there are many true stories of millions of dollars worth of business being landed, and the compensation/recognition in return being petty, as in "here's a coffee mug" petty. The company does not appreciate good work. The command and control structure creates a negative environment at the branch level. Managers and staff are unable to act on local market situations because of the layers of restrictive bureaucracy. Technology is very outdated, computers still used windows 95 until recently (now XP). Financial planning software can barely load on the hardware provided. Paperwork and software processes are unreliable, tedious and reduce efficiency. The company is restructuring, eliminating support jobs, moving the work load to remaining staff without increase in compensation. They are also continuously cutting benefits and perks, some cuts represent heavy across the board salary reductions. More work less pay, consistently. If you are young stay away.

Benefits have recently been slashed and now costs you. Pay can be quite low compare to other institutions even though the bank has made profits year after year. The manager's bonus is dependent on how low they can keep their budget ex your salary. Staff discounts or benefits at the branch is not that great. Ex. Shop around for your mortgage because you're not going to get the best from BNS. Budgets for social events have been slashed and may now cost you. You still have to go to show your face.