Job security here seems be most common priority for employees, instead of being concerned about what's best for the company. Many employees are entrenched in their positions and are not willing to improve and/or make changes to benefit the company.
Extremely hard to move laterally. Bonuses and annual raises are capped at 3 or 4% annually. Many people are getting 2% raises right now. Very discouraging considering the booming economy and record company profits. Right now there is a massive exodus of partners leaving the company for better compensation and opportunity. It is a job seekers market, and Northern Trust refuses to stay competitive with its salaries and bonuses. So many many people are leaving.
Overall, the company has its positive qualities and certainly job security is guaranteed once you hire in. Vacation and sick time is generous, and I was lucky to have a very good manager. But you almost certainly will stagnate and not have the chance to increase your salary as your value increases. The company is very rigid on how it promotes, and does not encourage "free thought." They seem to prefer those who are loyal vs. those who can make an impact or are free thinkers
Vacation, perks, job security
Salary increases are non existent, career stagnation, moral