BofI Federal Bank (NASDAQ: BOFI), is a nationwide bank that provides financing for single and multifamily residential properties. read more
The worst employer I've had; there are so many valid drivers to support exceptionally high employee turnover: low pay, high stress, favoritism, weak products lacking vision and ROEs, discrimination, hostile workplace, intimindation. By no means a meritocracy and board independence is questionable.
What's going wrong and how can it be improved?
Theres too much to write here
What are some of the best things about your team?
There are some good, hardworking, smart people but unfortunately, they dont stay long.
What would you improve about your company's interview process?
Be truthful about the real job, lack of growth, low variable comp, workload and hostilities to manage expectations and provide people with needed factors to make career choice on hire.
What needs to change to make the company culture better?
Invest in people and products. Corporate activities are too scattered as though mgt is frantic to tell a growth story. a strategy needs to be proven by the financial performance, communicated to all stakeholders and cohesively implemeted. Thats not how done at Axos.
What does the leadership team need to get better at?
Hire and train bankers. Compensate fairly to engender hard-workers who are motivated and loyal. Stop trying to mask the bank's weak products and losses with acquisitions that don't pan out. Integrate the messy web of IT systems that may become the bank's Achilles heel while gloating a digital mantra
Other Employee Reviews for Axos Bank
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