Vantaggi
The benefits had been very competitive until this year. The company subsidy for the better medical insurance PPO was seriously reduced and then it was announced the company's match to the company 401(k) retirement plan was being cut one percentage point to 5%. A lot of employees felt badly about this.
Svantaggi
State Street has an unusual culture. It's not a particularly friendly or helpful culture or philosophy. It's also a little stifled by the organizational silos. For example, Vice Presidents and above tend to mix well with themselves but for the Assistant Vice Presidents and lower positions, it's apparent there is a gap or separation between the two classes. Another improvement area: Human Resources. It's difficult to get a face-to-face meeting with HR reps; all communication goes through email. If you ask them for guidance about advancement and the posting process they do not respond to your request for help. It is difficult to post up to better jobs because you never get a rejection email and you never know why you didn't get a chance or what you can do next time to improve your chances.