Pros
Employees with no rank new to the firm get 20 vacation days, 16 weeks maternity leave and two weeks paternal leave! The higher your rank, the longer you've been with the company, the higher your vacation. Access to employee discounts, legal advice, therapy and counseling, mortgage rates, financial advising for employees, all free. A new extensive system has been put in to create a centralized form of year end evaluations so that you can accurately be tracked on your goals and performances throughout the year so you can get promotions/raises
Cons
UBS has an entire team created for issuing redundancies (layoffs). Your job is not safe unless you're making the firm money. There is so much red tape. In the US, the general population of UBS cannot get in contact with many internal teams. You won't talk to someone in internal benefits or internal payroll because they literally can't, their teams have been downsized so much that they can't accept your calls. It causes some serious backups when things go wrong because Hewitt and ADP can only do so much. A lot of times promotions aren't handed out, you have to apply for an internal job with other candidates to be considered.
