There are newer employer reviews for Westpac Banking

1 person found this helpful  

Positive and educational

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Quant Analyst  in  Sydney (Australia)
Current Employee - Quant Analyst in Sydney (Australia)

I have been working at Westpac Banking

Pros

depth of knowledge is very good here. people are willing to help

Cons

bonus is low. recognition should be more

Advice to ManagementAdvice

recognition should be more

Recommends
Approves of CEO

82 Other Employee Reviews for Westpac Banking (View Most Recent)

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  1.  

    Some great work and initiatives, hopelessly fouled by muddled structures and infighting between business units.

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

    I have been working at Westpac Banking

    Pros

    Lots of people try hard, have great abilities and intentions, and are a decent crew.
    Good intentions in the work-life, diversity, career opportunities. Great true grass-roots commitment to lookng after customers, whether for servicing, online, ethically....

    Cons

    It's not that people don't make decisions, it's that other people don't accept yours. Your authority and area of responsibility is ALWAYS challenged and 'escalated'.

    Woe betide if you are responsibile as keeper of any standards or policies. Many are very scared of adhering to standards, even for customer experience, as the culture is to embrace 'agility' and 'speed to market' so is a reason not to behave well. They will spend more time argung or trying to find ways to avoid the standards, than working out a way to work within them to a win-win.

    Advice to ManagementAdvice

    Set up structures that EVERYONE AGREES WITH. Be clear on responsibility. 3 years in to our busines unit's structure we are still arguing with Marketing and IT about who should have a say in what. How on earth we deliver as well to customers as we do is a complete mystery.

    And give some real help to managers in developing people, and supporting diversity. Lots of nice talk and PR, nothing that really helps or truly makes a difference at the coalface.

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

    Many, many parallels with the outgoing NSW State Labour Government.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Sydney (Australia)
    Current Employee - Anonymous Employee in Sydney (Australia)

    I have been working at Westpac Banking

    Pros

    The outdated and ( toxic ? ) culture is still largely unknown outside the group so experience and the Westpac name still look good on a Resume.

    Cons

    A machiavellian backdrop, where an atmosphere of uncertainty has led to an atmosphere of distrust ( fear ? ). This has led in turn to many in senior management being forced to spend much of their time on internal politics, strategising and conspiring etc to protect or advance their own position.
    As a consequence when major decisions are required there is not the staff connect or intellectual property in the appropriate areas.
    This business culture permeates across the group and is firmly entrenched.
    I/T development has lagged for many years and its antiquity is a problem.
    Staff turnover is high, many are leaving, its no surprise that morale is not good.

    Advice to ManagementAdvice

    There are too many spin doctors with all the dangers that entails. ( re Example ex NSW state Labour gov ).
    There is also a layer of senior management whose behaviours are not in the long term interest of the Group.
    The real position, the real performers and the real staff mood is not being reflected in the internal surveys.

    Doesn't Recommend
    Disapproves of CEO
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