Culture has gone downhill - Recensione dipendente - Technical Consultant presso Edward Jones

Long-term employees get paid very little. New employees being hired in at higher pay rate but can't get as much work done, we train them, they leave in a short amount of time because the work environment is no good compared to other IT companies. IT is quickly growing and they brought in a lot of bad managers who were laid off at other companies and bringing in underqualified workers. The culture has become toxic on many teams and we are seeing employees move from team to team or leave or get fired. Managers are promising promotions to existing coworkers and not following through which caused one of my teammates to quit. I hear coworkers from different teams complain of management dangling carrots in front of them only to put the carrot out by a few miles at the last minute. I was warned that Edward Jones likes to count their pennies and have witnessed this time and again by refusing to keep employees salaries up-to-date with market value and providing false promises of raises or bonus dollar amounts.