I am not upset at offshore workers and don’t want to speak poorly of them, they are simply pawns and likely way underpaid.
But I have almost lost many multi million dollar clients because paperwork goes offshore first, then often sits without anything being done, sometimes they’ll notate why they can’t do it and it just sits there. you reach out to the processor and get no response. You reach out to whatever onshore team and they say they will ask that it is assigned onshore, but this is an “extreme exception.” It takes two days to be assigned onshore.
Or, worse, it goes offshore. You ask before hand if it can go onshore as it’s something complex. The answer is no. Offshore spent understand and messes it all up. You then create another case and have to fight for it to be sent onshore. Often you need director level approval to do so.
How much money are we really saving when things that should take 24 hours or less end up taking over a week and needing to contact upwards of ten different people + your manager and sometimes director?
How much money is saved when the reputation we have with all clients, not to mention clients with millions, have their simplest requests sc--wed up over and over again? Often, those requests are to join a service that Schwab gleams fees off of them for?
Only way it will be fixed is if clients leave en masse, but there are about 3 jobs for every offshore job at Schwab to make sure clients don’t see if everything is held together with duct tape. And if they do see it, it’s your fault for not hiding it better.