FTSE Group
3.4 of 5 10 reviews
www.ftse.com London, United Kingdom 150 to 499 Employees

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3.4 10 reviews

                             

75% Approve of the CEO

FTSE Group Chief Executive Mark Makepeace

Mark Makepeace

(8 ratings)

50% of employees recommend this company to a friend
2 Employee Reviews Back to all reviews
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  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Too Many Toxins in the Culture

Product Manager (Former Employee)
New York, NY

I worked at FTSE Group

ProsAn international company with offices in US, Europe and Asia.

ConsMicromanaged with information flowing one way only- up
Frequent reorganization constantly resulting in downsizing followed by bursts of hiring
Human Resources department behind the times with antiquated systems

Advice to Senior ManagementChange your make-up and your culture or you will never develop the labor force to move forward in in industry that is moving forward quickly

No, I would not recommend this company to a friend

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  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Stuck in the past - culture from the 1980s

Software Developer (Former Employee)
London, England (UK)

I worked at FTSE Group

Pros+ Free gym
+ Relatively not stressful
+ Some desire of management to make applications "resilient" and more robust but definitely not interested in technology at all
+ Good pay but I guess it makes sense since it's finance after all
+ Free tea/coffee

Cons- Everybody sits closely together in a open plan often noisy office: people walking, talking etc. - hard to concentrate.
- Rigid and inflexible culture, haven't embraced any modern management techniques: everybody works in the office Monday-Friday, even if you don't talk to your colleagues and do your thing all day; haven't embraced modern technology and its opportunities: distant working, online communication etc.
- Very "standard" office culture despite claims that it is flexible everyone comes at 08:30-9 and leaves at 5:30-6.
- Little or non-existent collaboration between different departments (you are on your own island)
- 2 groups for software engineering - each with their own preferences: one with no documentation and plans and another that likes the waterfall model; needless to say they aren't in a good relationship
- You cannot download files - no zip files, no exes - you need to file ticket which can take several days
- The work mode is 1 person - 1 project, one can hardly build big and great things this way
- One of the greatest (self-)deceptions here is that FTSE officially considers thinks their work day is 7 hours (35 h/week) but no one works 7 works a day, it is more like 9.
- Total - lack of leadership: even my performance meeting was impromptu
- Most people are junior in their technical knowledge. A lot of people have left and they continue hiring.
- A lot of manual work - things based on Excel, manual downloading data from a website, etc.
- Paid coke and chocolates from a machine
- Somewhat of a clique environment. I doubt that if you don't get in there you will have a long career here
- Overall people behave quite reservedly, probably due to the environment (see Advice to Management). It could be months before you get to know your colleague's name who's just 4 yards away. Not a fun environment.

Advice to Senior ManagementArticulate the career/growth perspectives both of individuals and the company clearly. Proactive leadership plays a critical role in leveraging the commitment of talent. Evolve the place culturally and take it off the 1980s. Promote positive relationships among team members and engage personally with more frequent and visible interactions that affirm the interdependency of organizational goals and individual career aspirations. Your current style is so distant that cannot promote cohesiveness. Give employees a voice , treat them with dignity and consistency; the current style simply promotes presentism which is everywhere on the floor.
Define the business objectives AND make sure employees are aware of how their contribution helps in the overall project objectives.
Employ flexible working - some excellent people would just not fit with the 9-6 schedule but their devotion and knowledge would be something worth keeping. Since no one works 7h a day just stop advertising it. Get a better office, that doesn't feel like call centre. Get some more excellent software engineers to build real systems.

No, I would not recommend this company to a friend

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