Australia and New Zealand Banking Reviews

Updated August 30, 2015
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Australia and New Zealand Banking CEO and Director Michael R. P. Smith
Michael R. P. Smith
174 Ratings

Pros
  • good company to work with with work life balance (in 64 reviews)

  • Less stressful work environment (in 15 reviews)

Cons
  • Senior management strategies at times (in 7 reviews)

  • No scope for career growth or learning (in 6 reviews)

More Pros and Cons

317 Employee Reviews

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  1. Workplace for technically incompetents

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Analyst in Bangalore (India)
    Current Employee - Technical Analyst in Bangalore (India)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Good timing. Strictly 8 to 5. You see very few in office after 5. - Most developers are technically inept, so it is easier to stand out even if you are average.

    Cons

    - IT applications use outdated technologies..very less room to develop new skills. Longer you stay, deeper you dig a well for yourself. - Arbitrary performance rating. Everyone has to take turn to get Good, average, bad ratings. Often you will hear your manager saying - this time you have got good rating because last time you had bad one, and vice versa. Managers wont care much about bad performance. - I worked as senior developer. I have observed that there is no job security here for managers. When i am writing this, there is a large move to fire managers.

    Advice to Management

    No use of giving advice, they never listen.


  2. Helpful (1)

    The standard process doesnt follow, it is all depend on your immediate lead. so if you think your luck is good then join

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Bangalore (India)
    Current Employee - Consultant in Bangalore (India)
    Doesn't Recommend
    No opinion of CEO

    Pros

    package, nothing else , nothing comes in mind, Cons: forcing developer to work on testing, very slow progress on career side , It can be good retirement company if you get good project

    Cons

    no process to follow as everything is very random, It all depends on your immediate lead how your career grows, no increment , forcefully applying for annual leave when work is not there, very insecure environment, can throw you out at any time , those who stays from long time in company it is good for them , but it is not good for new joinee, no HR after joining ,you doesn't know what happens above immediate lead. It is like working in little shop , as shop manager ask you for some software and you have to provide it in very short time without following process, so much to comment but it should be enough to warn other people to join.

    Advice to Management

    limit the power that immediate lead have , take HR into picture to have fair enough appraisal process, try to achieve technology standard, follow standard process rather than radom work


  3. Great opportunity with poor leadership, communication, and candor

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Franchise is in a sweet spot of opportunity. There is potential for success if leadership, communication, and fair accountability were addressed

    Cons

    Political culture where honest conversations were not possible. leadership refused to take accountability, especially for their decisions.


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  5. There is a lot of scope to do a lot of things but the internal politics makes things terrible.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Consultant in Bangalore (India)
    Former Employee - Human Resources Consultant in Bangalore (India)
    Doesn't Recommend
    No opinion of CEO

    Pros

    No positive reason I know of.

    Cons

    Too much of politics Unmanageable

    Advice to Management

    na


  6. False Promises and not very interesting work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Analyst in Melbourne (Australia)
    Former Employee - Finance Analyst in Melbourne (Australia)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Australia and New Zealand Banking full-time (More than a year)

    Pros

    Good employee benefits and big brand name

    Cons

    Incompetent and overpaid people. Low performance culture

    Advice to Management

    Clean up your act


  7. Helpful (1)

    Worst 5 years of my life

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Australia and New Zealand Banking (More than 5 years)

    Pros

    None...oh wait...work life balance because noone really puts in any effort and leaves when the clock strikes 5 (or earlier if management isn't around). Compensation was ok at commencement, slightly more than industry average in my field...towards the end, it was way below what I could get elsewhere.

    Cons

    No development opportunities. Budget for coursework / training was practically non-existent and only went to the suckups. Had to self fund a course required by new industry requirements, which the company should have paid for. Nearly impossible to move out of the area you are hired into and hard to get promoted within same area. Hired for your skills and experience but this is ignored after stepping in the door. A lot of managers resent staff with of knowledge and initiative and treat them like they're incompetent, demoralising them into drones. I previously led a team of 9 for 4 years and had references from former staff but did not get one job as I was seen as having no staff supervision experience because "you haven't done it here". 4/5 of the managers I had over 5 years were sociopaths at worst, apathetic at best. My area's staff satisfaction survey results were always 30-50% over the entire time I worked there and there never were any investigations/ improvements undertaken. No job security. Every day is spent wondering if your area is going to be restructured or offshored again. Performance review / employee ranking is a joke and based on popularity. Don't bother trying to outperform, you will never get the deserved pay rise/bonus unless you suck up, discredit and gossip about your coworkers to senior managers, take credit for other's work, spend your time having "coffee catchups". Career progression must be based on incompetence as I saw many promoted into senior management within months following a huge operational failure instead of getting fired. This spirals into a culture of bullying, complacency and slackerism, not the "high performance" culture they claim to have. Worst place I've ever worked in a 15 year career.

    Advice to Management

    Focus on valuing and developing your staff...they are how you achieve good customer service, superior products, new ideas and the resulting profits. Promote to management based on knowledge and mandatory psychological profiling, not seniority or sucking up. Way too many managers aren't leaders, have no knowledge/experience in the area they are responsible for and should never be allowed to manage people. Implement 360 performance reviews and act on them. Don't accept low staff satisfaction survey results regardless of circumstances. Its an indication something is very wrong if that many staff members are upset enough to give poor ratings! Hold senior management accountable and don't accept excuses without an action plan and follow up on status! Any excuse is due to bad people management, bad decisions, lack of change management skills ... an indication that the people in charge have no management skills! Stop all the retrenchments...you are an Australian company and should be supporting local employees, not making the economy suffer by laying off thousands despite record breaking, multi-billion dollar profits. Try spending this on developing your staff and improving systems instead of worrying about stock price and shareholders. Remember you are a financial services provider and a major employer, not an investment/capital instrument.


  8. Total disregard for the staff or the customer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Orange (Australia)
    Former Employee - Assistant Manager in Orange (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Australia and New Zealand Banking full-time (More than 8 years)

    Pros

    Opportunities for the type of corporate zombie who only wants to get ahead.

    Cons

    Anyone who cares about the customer will find it very dissatisfying, as the focus of the upper management is purely on the profit - or worse still feathering their own nests. This means staff are pressured to sell products to customers who don't need them just to tick boxes, so the upper management can get their promotion within 3 years.

    Advice to Management

    Start caring about the customer. Start acting ethically. Treat your staff with respect.


  9. Not great, but not bad

    Former Employee - Research Analyst in Hanoi (Vietnam)
    Former Employee - Research Analyst in Hanoi (Vietnam)

    I worked at Australia and New Zealand Banking full-time (Less than a year)

    Pros

    The reputation (may help you get to other companies easily) - exit opportunities Network

    Cons

    Long hours Low pay - almost no bonus Unfriendly environment No training No performance-based promotion Bad staff treatment


  10. Toxic culture and incompetent, dishonest management.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Analyst in Sydney (Australia)
    Current Employee - Systems Analyst in Sydney (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Australia and New Zealand Banking full-time (More than 5 years)

    Pros

    Ok salary and generally ok equipment.

    Cons

    1.Incompetent and dishonest, third world style IT management. 2.Politics are more important than the work itself. 3.No transparency. 4.Toxic culture. 5.Constant outsourcing and therefore constant restructure.

    Advice to Management

    Resign or get basic IT education. Read more books. Learn some basic manners.


  11. "Lovely" Company to work with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Australia and New Zealand Banking full-time (More than 8 years)

    Pros

    There's a lot of other business units so you can move around

    Cons

    hardworking and talented employees are not being acknowledged..however the ones who can provide a lip services to the management goes a long way in the company. as a result company's talents often move to the competitor. instead of being appreciated for you've done all you get is more and some more extra works. Management often does not take consideration on how they distributed the workloads, allowing the lazy one... take their time completing their work (without management pressure).. while the more dilligent one do more and more work because of the fear of rejecting the work/ being called not competent. Often they cannot stand for themselves unfortunately. is that fair?

    Advice to Management

    Promotion and remuneration policy needs to be review to acknowledge talents. unhappy employees will have implication in their performance and in the end it will affect the end clients .. please remember that these end clients are the reason as why we exist in the business!! and not only the shareholders!! everything must be balanced! giving more works to employee where their remuneration stays the same is not very ethical!



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