AMP Limited Reviews

Pros

Clear expectations in terms of both performance and behaviours.
Fantastic opportunities and interest with purchase of AXA business.
People are professional and friendly.
Our self-employed Planners challenge us to always bring our 'A' game

Cons

Small pockets of people that are jaded and negative but not any more so than many other companies our size.

Advice to Senior Management

Keep up the hands-on, personable and accessible style.

Pros

AMP has som much to offer in terms of technology, they have a number of platforms and different interface applications that can be very useful for people to learn new things.

Cons

AMp of late have gone a bit out of track with a number of changes that has costed AMP a lot. It would be better if they make wise decession on what strategy they are going follow.

Advice to Senior Management

Please recognize individual talents and help them grow instead of biased outcome

Pros

Flexibility; opportunities to work within different areas of the business; decent employer ; good collegiate atmosphere

Cons

risk reward structure not aligned

Advice to Senior Management

need to be more aggressive in the marketplace

Pros

People Oriented; experiments with new ideas and technology

Cons

Inexperienced Leadership in some areas; the company runs on relationships rather than formal rules

Advice to Senior Management

Reduce the emphasis on personal relationships. This will give people an opportunity to get the processes working.

Pros

Whilst contracting, the people with whom I worked as colleagues at AMP were wonderful. Employee benefits for permanant employees seem fantastic - The ability to purchase additional annual leave, access to AMP's employee specific financial products including 'SigSuper', a highly competetive superannuation product.

Cons

The quality of training and performance management was extremely poor. Whilst management was capable of assigning a task or target, there was little education on how to achieve the relatively high KPI's. There is a definite focus on quantity rather than quality, which means low overall customer satisfaction. No matter how well I or my colleagues performed, we were never praised, however any small mistake was picked up. It was overall a very negative environment to work in. Among contractors working within the Outbound team, there was more than a 70% staff turnover rate.

Advice to Senior Management

As a HR student, I can see that AMP needs to provide quality-assessed training as well as performance management to front-line managers and their immediate superiors with at least some of this taking place before the member of staff is promoted into a front-line management position.

Pros

Stability & security, financial industry pays better than other industries although AMP pays pretty much in the mid to low bracket, reasonably friendly culture, some innovation stirring deep in the belly of the organisation- not yet a fiery passion. Safe as houses. Good bonus system if you have a good manager, strong reputable brand, resilient organisation able to withstand storms

Cons

process slaves, silo'd, slow to change, followers not leaders in industry, over-cautious, lack of product innovation, leadership analysis paralysis in endless meetings while opportunities slip by, digitally illiterate executives, inward-looking with lack of international experience among leadership, very traditional career paths (its a business line or nothing), hierarchical, lack of international learning opportunities.

Advice to Senior Management

Enable rapid prototyping and rapid learning. Mix teams across business lines to solve tough persistent challenges. Treble speed on EVERYTHING. Get smart with technology, web and mobile. Its going to wipe out your business if you are complacent.