15 Employee Reviews (View Most Recent)

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Interesting but shorter than expected

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President  in  City of London, England (UK)
Current Employee - Vice President in City of London, England (UK)

I have been working at HM Treasury

Pros

One in a lifetime opportunity to work in a project of such a scale

Cons

Bonus compared to Banks in the City is very low

Advice to ManagementAdvice

More clarity upfront on length of the project would have been preferred

Recommends

Other Reviews for HM Treasury

  1. 1 person found this helpful  

    Interesting work, very varied but poorly paid and career progression will now be difficult given budget cuts

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Policy Advisor  in  London, England (UK)
    Current Employee - Policy Advisor in London, England (UK)

    I have been working at HM Treasury

    Pros

    The work is varied - you are expected to change jobs (internally) every 18 months as a graduate and the job is rarely routine or boring. You are given a lot of responsibility early on because you work in such small teams.

    The management structure is very flat meaning that promotion is quicker than in other government departments - it is a good place to start a career especially.

    I also feel a measure of pride working at HM Treasury because it is one of those employers that is so instantly recognisable and very high profile.

    Working conditions are good, everyone has the option of working from home, 25 days holiday (minimum, rising with service) can be taken at relatively short notice. The system of flexi-time working is excellent; you can take time off in lieu very easily after a busy period.

    Cons

    Salary is lower than similar grades at other government departments - this is the main complaint. The Treasury can recruit off the back of its reputation rather than having to attract applicants with money. It grinds when you meet useless civil servants from other parts of government on much higher salaries - but then, coming from the Treasury, you can easily get a job anywhere in the public sector if you get too fed up with it.

    There is also a bit of a long hours culture, although this is relative to other parts of the public sector. It can be a bit of an unsociable place to work sometimes (people tend to be very focused on their work), although this depends to a large degree on the directorate you work for.

    Advice to ManagementAdvice

    You need to find some creative ways of motivating your staff - there is a very serious risk of losing anyone who is good over the coming years with the pay freeze and perceived lack of promotion opportunities. It won't take very long for the talent to drain out of the place.

    Recommends
  2.  

    Work/life balance a real challenge with very low compensation - but work is fascinating

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

    I have been working at HM Treasury

    Pros

    - Front row seat to national and international events
    - Important responsibilities with the opportunity to shape and influence policy dialogue
    - Surrounded by great energy and talent
    - Learning opportunities (through work and training) are good
    - Career growth prospects well within reach, especially if you turn to other government departments afterwards.

    Cons

    - Work/life balance is often atrocious. Very fast pace of work means that prioritization has to be ruthless.
    - Compensation system is one of the lowest in the whole of HM Government, leading to high turnover.
    - Despite very competent leadership and supervision, and despite the abundant talent and unquestionable brainpower of the staff, it's a very young environment - much younger, at least, than you'd expect from one of the government departments with the most pivotal roles.
    - The performance evaluation system is relative to your peers, rather than based on your absolute performance, which more often than not results in an unusually competitive work environment

    Advice to ManagementAdvice

    - Improve the compensation package
    - Reinforce work life balance like you mean it
    - Continue to improve the incentives and reward system of the performance evaluation system.

    Recommends
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