Great company but compensation needs to be more appropriate
Vice President (Current Employee) – Chicago, IL – December 12, 2018
The company is known for its excellence in client services, which is true. The employees consistently go above and beyond to make sure the clients are happy. The company itself has a great work life balance, where a typical workday starts at 8:30/9 and ends around 5/5:30 (as many employees have children to tend to). However, with the phenomenal growth that the company has experienced lately, It would be more appropriate to have larger incentive bonuses paid out. Other banks and financial services companies pay out 2-3X what Northern Trust does. Now, money doesn't always translate to having a great experience with a company, however the company ends up losing great staff as employees on your team search externally with competitors for those attractive compensation packages. Typical excellent workers need to be paid 40-50% of their base salary as their yearly bonus to keep them attached to the company for the long run.