Do you personally know anybody who has left in the last year? Why did they leave and where did they go?
25 replies (most recent on top)
To the poster stating, "workers in lake Mary are good.." - you must believe BNYM is at the forefront of talent scouting. I would love to hear more about how a marginally profitable company struck gold in random location where no other company has...
A lot of managers here seem to suffer from "mange"
Don't believe everything you hear from Fox news - which, btw, how many of those anchors do you think own homes in Manhattan. So much for crime, momo.
there's also plenty of acreage to go around in NYC suburbs.
So, let me get this straight. The insane people who want to live in the crime ridden blue state cities are “scientifically smarter” that those who prefer to live in a suburb or rural area with fresh air and green space?
Wow.
Honest like the LM "senior leaders" that manipulate the org chart for appearance purposes only. The org is very much a lie to justify promoting brown-nosers. I have several colleagues who on paper report into someone they have never even spoken to in 3+ years. They actually report daily to someone entirely different who reports into a separate manager - it's astonishing this could occur. Lake Mary at its finest I guess.
Setting that aside, and conceding that LM rank and file might be hardworking and solid performering, the point was about the pool of people who don't work at the bank, not those who do... And if you don't believe me, it's your own manager's loosing their minds every time a junior person leaves the company. Why would they unless they can't backfill with a competent candidate???
The workers in Lake Mary are very good, and more importantly they’re honest.
Not all the talent, but there is obviously more in cities than in suburban office parks - "it's science".
@4bgt+, of course all the talent is in NYC and NJ. Well, if you consider being a pushy jerk as talent.
Attrition should be anticipated and managed accordingly.
The biggest problem is that the bank has outsourced too many client facing jobs to middle of nowhere U.S. cost centers where talent is lacking or, worse, non-existent. see: Lake Mary (never heard of it before BNYM, nor has anyone I know outside of this company), and Westborough (a Worcester suburb, NOT a Boston one) .
These are some of the many locations that have always moaned about being understaffed and not being able to attract/retain talent. Spoiler alert - it doesn't exist in your area. Not to be harsh, but seriously.
The only solution is for the bank to go WFH as a way of attracting younger/eager talent that are expected to gain experience (for a fringe salary, no less), then leave within 2 years. And if their so-called "managers" can't "mange" that reality, then they should finally face some consequences for not being able to perform their role.
I don’t know of any attrition since I and most of my friends left.
Maybe you should open your eyes and stop coming to work drunk. You probably work for financial reporting
Todd
Because the place fu----g sucks
Folks are leaving across the organization . . . in every location and in every group. Some of these folks are retiring, but many others are going on to other organizations and not just banks/finance companies.
What team are you on? Must be nice if no one leaving.
Half of my team has left in the last 9 months as work load too high and payrise/bonus not keeping up with inflation or market rates.
A lot of the front office has left within the last 6 months.
I decided to leave during my annual review. It was amazing how little my manager knew of what all I do and how many hours I work. Got right on it and left with my head held high with full notice to get my bonus. Got no bonus for the year, which I worked 2,250 hours.
I just left the after being there for 10 years
i get emails from managers atleast once a week asking me to open replacement reqs for people who have resigned. mostly in india but a decent amount in NY too.
I stay because because the diversity & inclusion program is outstanding
We've had two retire in the last six months, one more quit for another job, a manager who just quit, and at least one more that I know of retiring soon.
I know of at least 5 Asset Servicing relationship people. All going to direct competitors.
I know of several in the last couple of months...three in PGH and two in EVT
I get multiple farewell emails in audit each week. Most seem to be located in NY & UK. but employees are leaving
I'd like to hear about at least a few examples. Otherwise, this attrition many keep mentioning sounds more like wishful thinking than anything.