Legal & General Group

www.legalandgeneralgroup.com
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Legal & General Group Reviews

Updated June 28, 2015
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Nigel Wilson
1 Rating

17 Employee Reviews

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  1. Been good for me.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Legal & General Group

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Work life balance, location, great people to work with, opportunity for learning/training and study support for professional qualifications.

    Cons

    Salary, slow decision making, IT resources poor but improving slowly. Unclear job future. No clear career progression.


  2. Helpful (1)

    Finance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kingswood, South East England, England (UK)
    Current Employee - Anonymous Employee in Kingswood, South East England, England (UK)

    I have been working at Legal & General Group

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Flexible working hours
    Very nice office (Kingswood) although the office is being vacated in just a few years
    Good share schemes and car park
    Able to get involved in lots of projects due to size of company and its operations
    Good on CV

    Cons

    Pay is poor unless you work for LGIM
    2015 cost cutting objective means that jobs are not being replaced, people aren't being promoted and pay rises are laughable (even if you've completed your yearly objectives)
    Benefits slowly being withdrawn due to cost cutting
    Lack of job stability due to mass redundancies
    Employee development not given much priority
    Very poor systems (worst I've ever seen)
    Loyalty not rewarded

    Advice to Management

    The knee jerk reaction to decreased profit margins results in overzealous cost cutting targets and leaves employees very unhappy with pay/benefits/development. Be smart about this and consider the cost of hiring new staff is far greater than giving above inflation pay rises and treating your employees fairly when you consider recruitment agency costs, higher salaries for new company joiners and time spent retraining. Reward loyalty rather than focusing on just the bottom line.


  3. Helpful (2)

    Approver and Technical Expert

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kingswood, South West England, England (UK)
    Current Employee - Anonymous Employee in Kingswood, South West England, England (UK)

    I have been working at Legal & General Group

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great learning experience, good work/life balance - depending on individual managers, pay and bonus at manager level is okay, friendly and relaxed in Kingswood office and a few intelligent staff.

    Cons

    Slow workflow due to no investments into decent computers, short term vision and aggressive and childlike directors of business units.

    Advice to Management

    Protection business area. Smile, greet people in the mornings and say goodbye in the evenings - don't try to avoid eye contact it is strange and not engaging.


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  5. Helpful (1)

    Very poor internal communication

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kingswood, South West England, England (UK)
    Current Employee - Anonymous Employee in Kingswood, South West England, England (UK)

    I have been working at Legal & General Group full-time (Less than a year)

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Still a good name to be associated with.
    Deliver good products
    Good work life balance, good gym & classes
    Great car sharing
    Parking has improved

    Cons

    Exceptional poor internal communication - expect to find out all your information from gossip and the media - including the information you need to do the job !
    There only seems to be one visible executive, who seems more focused on politics than running the company.
    IT systems and controls exceptionally weak with no long term planning.
    No networking opportunities

    Advice to Management

    1. Communicate to your staff, don't be frightened of them.
    2. Understand the connection between Vision, Strategy and tactical planning.
    3. Develop a proper IT Strategy and implement it.


  6. Good when they know what they are doing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Legal & General Group

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work life balance and culture

    Cons

    Constantly changing departments and reporting lines


  7. Worthy but dull

    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Legal & General Group full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Large company benefits in Kingswood, pleasant location, gym, swimming pool etc. Good worklife balance.

    Cons

    Generally known as a dinosaur in the financial industry. Clunky systems that don't speak to each other. Complicated matrix management systems. Too many people involved before a decision is made. Behind the curve in creating financial platforms and running to keep up.

    Advice to Management

    Top management all have financial backgrounds, more focus on people than profit and product.


  8. Helpful (1)

    Great benefits, but too much internal change.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hove, England (UK)
    Current Employee - Anonymous Employee in Hove, England (UK)

    I have been working at Legal & General Group full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great benefits, such as pension, bonus and staff discounts.
    Nice office environments and making improvements. Friendly colleagues and there's always someone to help you with a project.

    Cons

    Painfully slow progress upgrading systems/IT.
    Too much internal change, re-structuring, office closures and redundancies while recruiting like crazy call centre and operational staff. Some roles aren't even advertised, you just hear that so and so is now Director of this or Head of that.
    Repetitive - every year the same thing. Many managers here are creatures of habit and are comfortable just doing the same thing year in, year out, despite internal change to business areas, staff opinion and advancements in technology.
    External announcements of healthy profits and growth does not stack up with the internal turmoil and senior management re-shuffles that happen on an annual basis.

    Advice to Management

    Put together a carefully thought out strategy BEFORE announcing change. Make redundancies and office closures a last resort rather than the first knee-jerk response to internal change.
    Treat all grades of staff more fairly.


  9. Helpful (1)

    Varied interesting work, average senior management, responsibilities beyond fair remuneration, very difficult to move up

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Finance Analyst in Brighton, England (UK)
    Former Employee - Senior Finance Analyst in Brighton, England (UK)

    I worked at Legal & General Group full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good opportunity for work life balance, good work environment. Good benefits, good community presence.

    Cons

    Poor review system allowing wide interpretation by untrained management. Management often make poor decisions in areas they are not trained to deal with e.g. health issues and then abuse performance management techniques in an attempt to resolve.

    Advice to Management

    Apply culture and values more fairly and prevent department management from watering these down to control performance and reward in favour of a few preferred employees.


  10. Helpful (2)

    Legal & General - A few bad apples in senior management

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Legal & General Group

    Pros

    Some great people working there, lovely location in Kingswood and the London office is very pleasant too. Staff are very well looked after. Current CEO has some terrific ideas and has kept the company at the head of the game.

    Cons

    There are a handful of very senior female directors at the company that bully and abuse their staff, and, despite this being well known, it is allowed and a lot of good people leave because of this. Very disappointing and makes would could be a great company to work for a potential nightmare. However there are one or two fantastic female directors and perhaps the reason they do not get appointed to the board is because the 'bad apples' have tarnished the reputation of women in this company.


  11. It's a place you and go work if you are ready to retire.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Engineer in London, England (UK)
    Current Employee - Financial Engineer in London, England (UK)

    I have been working at Legal & General Group full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great work life balance, generally friendly people in the company, receive performance shares when the company does well, great london location.

    Cons

    Low wages, limited career progression, favourites are promoted, too many people in the company and everyone does their little bit of the process so it becomes boring very quickly.

    Advice to Management

    There is never any budget for training, those who are considered the favourites in the team are promoted which demotivates people to do well. It's considered a place where you go once you have given-up on your ambitions and want to relax and not work so hard.



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