- Loomis, Sayles & Company, L.P.16.Nov 2017
Used to be good before the head of Portfolio Administration (M.Daley)
Support from management
There is none anymore. Loomis is a company that lost its glory.
The current supervisory team protects itself blaming staff for their mistakes. Every man for him/herself.
Freedom to work independently
There is no independent work. Supervisor staff is concerned with micro managing its workers while they abuse extended lunch breaks, leaving early, shopping on line or some that even watch pornographic content behind closed doors.
Supervisors vs staff.
While working there there have been rumors of sexual harrasment but it was quickly hushed by management.
Attitude towards older colleagues
There are many great people at Loomis but as I said those that have been there for many years but it all depends on the department. Operations and Portfolio Administrations is discriminating towards older operations staff.
No advancement. People stay put for a very long time. Not a lot of room to move up.
Overall compensation for your work
Loomis underpays but demands more than that line justifies.
Office / Work Environment
The office for porfolio Administration is poor, cramped and laced with high tension. The work environment is hostile towards women, older employees and certain religious backgrounds. The work environment is hostile at Loomis.
The Portfolio Admin director is a slve driver. Tells everyone to work overtime but he goes home early everyday. Pathetic.
It used to be good.
There is none unless you are supervisory level. They are the one's that often blame others to protect themselves.
There was a consolidation of operations. Three departments/floors were consolidated on one floor. Sometimes two to three people to a small office. Very few refrigerator that were never cleaned.
It's mind numbing redundancy and an endless sea of paper generation, spreadsheet jockeying around poor technology. Then there is the big brother initiative that you should be wary of.
Suggestions for improvement
- Fire human resources, fire the supervisory staff with more than 10 years on the job and fire the director of portfolio administration. He is a lawsuit liability.
What I like about the company
The bonus and 401K.
What I dislike about the company
Please see all commentary regarding operations supervisory staff.
The following benefits were offered to me
- CompanyLoomis, Sayles & Company, L.P.
- Are you a Current or Former Employee?Former employee