Charles Schwab Claimed Company
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Conservative, ultra reluctant to change or progress. This is despite the attempted narrative of being an upstart or innovator in the financial space. Bureaucratic, well beyond what I've seen at companies 3x bigger than Schwab.
What did you like most about the interview process?
Recruiting teams provided a pretty good experience, especially for higher level roles.
Why do you feel undervalued and what would make you feel better about your compensation?
More transparency about salary ranges, distribution, performance. Raises, bonuses, equity compensation are mostly subjective and at the discretion of managers. No connection to transparent quarterly OKRs, so you're at the mercy of your leaderships' fleeting opinion of you. Leads to bad behaviours.
What needs to change to make the company culture better?
Company is so risk averse and fear driven, especially by audit (internal or external). This is to the point where it limits innovation, because any modernization requires layers of fighting through fear uncertainty or doubt (FUD) to make a tiny bit of progress.
What's going wrong and how can it be improved?
In areas where a process could be improved, automated, or modernized, middle managers are often incentivized to grow their team or budget, regardless of impact to the bottom line. This has led to highly inefficient outcomes, hidden in the costs of doing business, and limits innovation going forward.
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