Union Bank reviews

3.9

66% would recommend to a friend

(303 total reviews)
avatar

Greg Seibly

82% approve of CEO

47% positive business outlook

Reviews by job title

303 reviews

Reviews about "Compensation"

Return to all reviews
2.0
Sep 22, 2016
Recommend
CEO approval
Business Outlook

Pros

Financially backed by large mega conglomerate in Mitsubishi UFG.

Cons

The bank's cost per loan is not competitive. The systems and processes in this place are currently very inefficient, and there are tons of control gaps within the Finance space. This is partly due to people having stayed with the company for a very long time, and having gotten used to do things the old school way. I'm surprised they don't still use fax machines. Raises and bonuses are very low and barely keep up with inflation. The 401K is vested annually.

1.0
Sep 10, 2016

Land of lemmings...

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pay is competitive. Good location for commuting. They gave me a desk, chair, phone, and circa-1999 desktop running circa-2001 software.

Cons

Inane working environment. Nothing makes sense anymore but no one questions what their told to do. The thing is you will find clusters of people (fewer and far between these days) who really try to do a good job and attempt to challenge things that are just plain stupid. Flip slide is you have a large majority of people who are are mindless drones with no critical thinking skills and produce subpar work product. Couple this with senior management who are super secretive and your left with a toxic environment where it's a miracle anyone manages to get their job done. You can't be forthcoming about how the business really is doing lest your head be next up on the chopping block. Constant moving targets, lack of transparency by senior management (it's pretty apparent even the CEO doesn't want to be on his own CEO quarterly employee calls), never ending "reorgs" within and across business lines, and multi-phased lay offs (what are we on the 10th round in the past 2 years?) are forcing anyone with a brain and a pulse out. Are we one bank or now back to the two separate companies pre-integration? You spent hundreds of millions of dollars trying to combine us, then it's "oops, my bad!" Now to save a nickel and compensate for our employees actually executing our poor business strategies, let's fire hoards of them, sell off businesses acquired less than 5 years ago, and shut down offices.

2.0
Sep 5, 2016
Recommend
CEO approval
Business Outlook

Pros

Enjoyed working with the people. There are a lot of good and talented employees. Decent pay and benefits for a bank.

Cons

No vision from the leaders. Legacy systems and processes are in place which can cause frustration. No training, so employees are afraid of asking for help in fear that they'll look incompetent. This actually leads to incompetence down the line. HR's hiring process is a joke.

Viewing 211 - 213 of 303 Reviews

Glassdoor has 1,591 Union Bank reviews submitted anonymously by Union Bank employees. Read employee reviews and ratings on Glassdoor to decide if Union Bank is right for you.