Scotiabank Employee Review

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Not the best place
Mortgage and Loans Officer (Current Employee) –  Toronto, ON9 May 2014
Scotiabank's best feature are the people that work there, which to me is a little disheartening. Their business practices are a little off in my eyes, such as their training. For example, I am a new employee and was thrown on to live calls with real customers, dealing with their live accounts, while in training. I was not comfortable with that at all. Coming in from being unemployed and knowing how sensitive an issue money is to alot of people, that was very surprising.

I now help support the loans and mortgages department, which I took because I needed the full time hours/salary. If I had known the training would have just been one week, three days of which, were spent reading manuals and having MAYBE one hour of computer "play time" to learn processes and procedures, I might have stayed in the entry level role a little longer to get used to the system, which is VERY outdated.

The workload is not very "employee friendly". Not that I'm at work to breeze by, but there is something to be said about making the employees happy by not treating them like dogs and just expecting them to take hours upon hours of calls, back to back to back, without room to leave a note on a customers account. Our time is counted against us by the minute, even if we take a 10 second breath between calls, which goes against our statistics, which goes against our merit increase. That's just one of the measures that we have to compete with.

I feel that if Scotiabank was to really look at how they do things, they would see that they would need to;

1. Bring in an updated system that is more
  more... user friendly and easier to navigate, would make calls go faster, which would in turn lessen the amount of call wait times for our customers.

2. Train new hires THOROUGHLY with "dummy" accounts and not throw them on the phones while they are in training just to help alleviate some of the call volume, which would help them make less mistakes and increase confidence in the customers when they speak to an agent.

3. Change their branch hours to help accommodate our changing customer base. There are too many branches that don't have hours that are conducive to the way our customers lives are, terrible hours and an inconsistency in the practices that they offer.
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Pros
Some free banking/learning about money and the Shares plan
Cons
Workload is stressful, vacation time is based on the centre, not the department, system is slow/keeps crashing, unable to email statements to customers who request them
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Political and drama
teller (Former Employee) –  Calgary, AB15 December 2017
It's was a great job to be at but not very secure job. They have laid off people without us knowing the reason for 2 months. Which gave us anxiety. Left with no supervisor and no manager for months plus branch manager moved in different location it was very hard. Typical day at work is helping customer it was not physically exhausting but mentally and sanity draining but being with the right team can make your day lighter. Seriously, training in mcdonalds is better than Scotiabank. Because of goals being set to high everyone is pressured yearly to put more money in. Managers are very upsetting who does not even show gratitude.
Pros
benefits for regular employees
Cons
no proper training
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a great bank to work for
Financial Advisor (Former Employee) –  Toronto, ON14 December 2017
- a great internal system to work with

- great banking products

- a good work and life balance

- a very successful bank in eliminating the paperwork
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4.0
Based on 2,454 reviews
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3.9
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