Lloyds Banking Group

  www.lloydsbankinggroup.com
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180 Employee Reviews (View Most Recent)

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Lloyds is excellent Place to work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Data Power Specialist  in  London, England (UK)
Current Employee - Data Power Specialist in London, England (UK)

Pros

Your technical expertise would recognized and excellent work culture. Lloyds is biggest client of IBM in terms of DataPower and being a middleware technology it would be in demand ever.

Cons

Lot of processes to start with but again I understand it as provided the fact, Lloyds has to follow these process to keep there higher service standards.

Recommends
Positive Outlook
Approves of CEO

Other reviews for Lloyds Banking Group

  1.  

    Was a great business but doesnt look after its people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager
    Current Employee - Senior Manager

    Pros

    Some very talented, driven people
    Starting to recover from HBOS takeover
    Clarity on strategy is beginning to emerge
    Great benefits package (base pay a negative though)

    Cons

    Relentless drive for efficiency has left staff weary and disengaged
    Constant change is also driving a lack of stability
    Very much driven from the top so lacks empowerment

    Advice to ManagementAdvice

    Trust colleagues more, listen more

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Edinburgh, Scotland (UK)
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)

    Pros

    I 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.

    Cons

    My 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 ManagementAdvice

    Stop thinking about positioning yourself for the next round of management changes and start caring about the people in your departments.

    Doesn't Recommend
    No opinion of CEO
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