Lloyds Banking Group
3.0 of 5 160 reviews
www.lloydsbankinggroup.com London, United Kingdom 5000+ Employees

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Insurance Division used to be a good place to work when Widows, went downhill

Anonymous Employee (Former Employee)
Edinburgh, Scotland (UK)

ProsI was part of the Scottish Widows insurance subsidiary prior to the HBOS merger, subsequently LBG Insurance Division. For most of the time Widows felt like it had a strong identity and people seem proud to work for the company, albeit the usual frustrations of working for a corporate. There were many people there who were really dedicated and hard working and went way beyond the extra mile to do a good job, often at weekends.

ConsMy experience is since around 2008 was almost continual management rotation - executive/director level management coming in, trying to transform everything, moving to the next role and leaving a big mess behind after 12 to 18 months. This happened repeatedly, resulting in terrible staff morale and real operational difficulties and only got worse when the HBOS merger happened and senior management became even more focused on positioning themselves for structural change and the local identity that Widows had disappeared.

Board level management within the insurance division in Edinburgh could most politely be described as sub-standard: faceless execs, feared by many (that seemed to be a calling card of executive management in those days, being feared) sitting on the 7th floor amongst themselves.

Advice to Senior ManagementStop thinking about positioning yourself for the next round of management changes and start caring about the people in your departments.

No, I would not recommend this company to a friend

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    1 person found this helpful  

    Very difficult environment, processes are many and change weekly .

    Anonymous Employee (Current Employee)

    I have been working at Lloyds Banking Group


    Pros: Following integration the customer base and scale of the company… Cons: The company does not value its employees. On the face of… Advice to Senior Management: Employees made the difference when they are valued. Given the number external… No, I would not recommend this company to a friend More
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Fulfilling but lacking in opportunity

    Anonymous Employee (Former Employee)
    Bristol, England (UK)

    I worked at Lloyds Banking Group


    Pros: Good people with positive outlooks. Good working locations Opportunities to impress Opportunities to learn Chance to travel… Cons: The wok is not the most engaging and often you find yourself… Advice to Senior Management: They should look inside their organisationfor talent more often and ensure they… Yes, I would recommend this company to a friend More
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