OMERS Employee Reviews about "pension"

Updated 13 Dec 2019

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3.6
67%
Recommend to a Friend
0%
Approve of CEO
OMERS President and Chief Executive Officer Blake Hutcheson (no image)
Blake Hutcheson
2 Ratings
Pros
Cons
  • "You can also not participate in their pension plan(in 14 reviews)

  • "There are no cons I can think of(in 7 reviews)

More Pros and Cons

Reviews about "pension"

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  1. "Amazing Company"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Service Desk Analyst in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OMERS full-time for more than a year

    Pros

    Benefits are awesome. League account, spotlight recognition program, employee discounts and so much more. Work is super flexible and the team you get to work with are really welcoming and genuinely caring.

    Cons

    Pension deductions sometimes take a toll. The company is trying to bring too much change in too little time which sometimes ends up bringing issues that are hectic and tiring to handle but that happens in any organization that plans to grow at this speed.

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  2. "Great Workplace"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Contractor - Senior QA Analyst in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OMERS for less than a year

    Pros

    Friendly Management Team. Work life balance.

    Cons

    Payroll Contract which has no benefits. You can also not participate in their pension plan.


  3. Helpful (4)

    "Very Toxic Environment"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Developer 
    Doesn't Recommend

    I have been working at OMERS full-time

    Pros

    Nothing really compared to other organizations

    Cons

    The pension side has become a very toxic and unhealthy place. Everyone is scared of getting fired.

  4. Helpful (10)

    "Customer Service Rep"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OMERS full-time for more than 5 years

    Pros

    Great benefits, Snacks in the office and coffe. Monthly social events with free alcohol.

    Cons

    You are hired if you know some one on the Management team or higher, Even better related to some one high up ( just look at the pictures of the company in this website and you will see at least a couple people related to managment ). No experience in the pension industry or related education required to take a well paid position, but beware you dont get on the wrong side of the VPs or SVPs because you will join the list of the so call voluntary retirement package program. No opportunity to advance or even have the option to apply since is never posted and promotions are hand pick base on likeability For one of the largets companys in Canada it runs the contact center like a pilot with a group of unexperience family members. It seems like there is no concern of family members working together and leaving other people afraid to bring up concerns with fear for job in retaliation. HR will continue to support this conflict of interest.

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  5. Helpful (4)

    "Lost focus"

    1.0
    Former Employee - Manager 

    I worked at OMERS full-time for more than 3 years

    Pros

    Nothing anymore was a pillar 5 years ago

    Cons

    Wasting money the pension admin system millions over budget

  6. Helpful (10)

    "Get me out of here"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Pension Specialist in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OMERS full-time for more than 5 years

    Pros

    Coffee, middle management, good pension

    Cons

    Terrible senior management, VP and above in the pension operational area. Nepotism is prevalent Favoritism isn't hidden Better be a yes person or feel the wrath Wfh is gone Strict schedules for timing - factory worker?? Morale is at an all time low Productivity trumps real collaboration Faux collaboration exists with the creation of all of these useless diversity and engagement programs

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  7. Helpful (12)

    "Going Downhill"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at OMERS full-time for more than 3 years

    Pros

    Good benefits, decent pay (depending on your manager AND when you got hired), good DB benefit, ability to work from home (depending on your division)

    Cons

    - Used to be a great company to work for, every since the new CEO took over, everything went downhill slowly but surely - Slowly shaved off the paid time off/ omers days - Reducing benefit package - Changing culture to focus just on outside appearance and no substance - Ability for upper management to brush off failures in implementing new pension system and sugar coat it as setting up a 'foundation' for the future (what a joke) - Upper management / C suite is all talk and not accountable for their wrong doings. Their work ethics are questionable at best. - Excellent learning grounds for true professionals (workers who actually wanted to do things right and work hard) on what not to do - So called Directors/ VPs/ SVPs who are not 'leaders' but 'talkers only'. Initiated projects that have no substance - Look at the org charts, and you will see there are so many VPs and Directors with no subordinates. Good way to earn retirement dough from the poor pensioners who contributed - Nepotism at its best - Ideal place for some potential/current employees who wanted to hide his/her lack of working knowledge by joining events/committees that are initiated by the VP/ SVP. You're immune to bad performance reviews/ layoffs once you join the club. Just play politics and do minimum work (or just pretend that you know), you'll be fine - do this at your own risk and only if your conscience allows you to do so. There are some people (including Directors) who failed so many times, yet the person is still there -> Great real life example of just talking and do not admit mistakes, and you'll be rewarded greatly!

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  8. Helpful (17)

    "Confused and Misdirected"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at OMERS full-time for more than 5 years

    Pros

    Has a great history of focus on the pension promise and its dedication to service excellence, compensation and benefits, teamwork, trust and integrity.

    Cons

    The future does not look so good, for pensioners, members and especially for employees. The senior leadership has left its employees confused as to what the core values are, since they don't demonstrate them. I can't say that the organization is going in the right direction, with ridiculous spending and HR practices. Failed projects get tucked under the rug and those responsible get a pat on the shoulder.

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  9. "Pension"

    4.0
    Former Employee - Pension Specialist 

    I worked at OMERS full-time

    Pros

    Great company to work for.

    Cons

    Very less growth in pension specialist career.

  10. Helpful (5)

    "Pity the Poor Pensioners"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OMERS full-time for more than 5 years

    Pros

    Good benefits in particular holidays.

    Cons

    The “Peter Principle” in full effect. Good talent in the Director roles and below. Horrible senior leadership team, especially the Investment team leadership. Ego’s and politics are in huge play masking massive insecurity and incompetent investment skills. They treat junior staff with complete disrespect. Its a real shame given the importance of a pension fund to its pensioners.

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Found 14 reviews