State Street reviews

- Company culture supports inclusion of policy loopholes, indirect, verbal vs. written communication (to avoid accountability) - There is no end to "doing more with less" which lately has applied to compensation as well. - Low-balls salaries, will not pay more to get or retain talent - Too many people naively stick around thinking they can't do better elsewhere, they contribute to 'resistance to change' culture - Departments/ management tend to function like miniature 'kingdoms'; relectant to cross-pollinate or accept different views, even if not doing so is detrimental to them - Quite common for individuals to consider not responding to e-mails/ returning phone calls internally as an appropriate way to conduct business - Efforts at increasing transparency during job advancement process doesn't seem to be reaching middle management; still too many under-the-table handshakes required for lateral/ vertical movement. The majority of resumes never make it to hiring managers. Jobs advertised are often already filled but company rules make it necessary to make postings 'public'.

Compensation is very low compared to other companies industrywide There are no incentive programs Management is not required to be knowledgeable in operations Salary increases from promotions are very small Recognition of quality work performed is hard to come by