HSBC Holdings

  www.hsbc.com
  www.hsbc.com
There are newer employer reviews for HSBC Holdings

 

HSBC is a Great Place to Work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President in New York, NY
Current Employee - Vice President in New York, NY

I have been working at HSBC Holdings

Pros

HSBC is committed to work life balance, actively promoting work-from-home opportunities, encouraging employees to take care of personal issues whenever necessary and allowing time-off and ad-hoc working environments to accommodate all situations. The benefits are excellent, with HSBC paying a very high proportion of medical and dental and matching 401k contributions at a level higher than most.

Cons

Pay is not what it is at Investment Banks. Facilities are less than top-notch. The lower level worker talent is not at the level one might expect at a large bank.

Advice to ManagementAdvice

Upgrade your facilities in New York.

Recommends
Approves of CEO

991 Other Employee Reviews for HSBC Holdings (View Most Recent)

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  1. 2 people found this helpful  

    "Your future with HSBC is [not in the US]" -- CEO, HSBC North America, May 2009 -- It shows in the over 12000 jobs cut

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Manager in Mettawa, IL
    Current Employee - Manager in Mettawa, IL

    I have been working at HSBC Holdings

    Pros

    Mettawa facility is very nice--gym, great cafeteria, open work space plan. Benefits package is satisfactory. Salaries for managers and below will be in the medium range of the market. If you are internationally mobile, many opportunities exist.

    Cons

    "Grade on the curve" performance evaluation system (you're ranked and get a bonus or not/keep your job or not/) against your peers, HSBC exiting businesses in US. CEO has moved from London to Hong Kong. Mediocre benefits and mid-range salaries. Commute to Mettawa is horrible from anyplace in Chicago. Exceptionally political environment-- unfairness in promotions an ongoing company-wide issue with employees. Workload is onerous due to under staffing. Training is online and most trainers have been let go, as have most employee communications people.

    Advice to ManagementAdvice

    Start treating people as profit generators instead of cost centers.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    HSBC said acquiring Household Finance was "a mistake"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at HSBC Holdings

    Pros

    HSBC is a global finance corporation with good profits in India and China. In the U.S., they are losing money due to their sub-prime mortgage exposure. Thus they are attempting to save costs by laying-off employees, which as a share-holder is the proper strategy.

    Cons

    The headquarters are moving from London to Hong Kong, to take advantage of the China growth. However, if you are working in the U.S., you are now an "ugly step-child" that headquarters is looking to save costs. The former CEO was fired and a new CEO was sent from the U.K. to make cuts. Thus employees are viewed as a cost and careers are an undue expense. The survivors are wondering when the next cuts will be made.

    Advice to ManagementAdvice

    Have top management communicate to employees that they are more than a payroll expense, and appear as if you like the U.S.

    Doesn't Recommend
    Approves of CEO
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