HSBC GLT

www.hsbcsoftwaredevelopment.com

HSBC GLT Reviews

Updated January 22, 2015
Updated January 22, 2015
312 Reviews
3.4
312 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
HSBC GLT CEO and Head of Global Technology Centers Richard Farrand
Richard Farrand
86 Ratings

Review Highlights

Pros
  • Work-life balance is completely dependent on department you work for (in 98 reviews)

  • Good work culture ,Nice work life balance , Cool atmosphere (in 30 reviews)


Cons
  • Only if you want to have a good work life balance (in 8 reviews)

  • Promotions and onsite opportunities are very rare (in 13 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Confused Org !! Company yet to decide they are working as bank or Software firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant Specialist in Pune (India)
    Former Employee - Consultant Specialist in Pune (India)

    I worked at HSBC GLT

    Pros

    Very social atmosphere. Every one discuss every thing other then work. Very enjoying and fun loving crowd!!
    No pressure of following org specific process.
    Good onsite opportunities if you are at good terms with managers. You can also look for permanent transfers to other locations like Canada and UK.

    Cons

    Impossible to switch the technology. Same thing for years will come in your way.
    Impossible to change the project. Going to spend full employment under same manager. If you ask for change, your year end rating is gone.
    Appraisal system is useless. Manager will bluntly talk nonsense and say do what ever you want to do, you will get this only. No evaluation system. All on personal preference.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Captive firm with focus on Domain knowledge

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Project Manager in Pune (India)
    Current Employee - Associate Project Manager in Pune (India)

    I have been working at HSBC GLT full-time (more than 8 years)

    Pros

    Extremely involved Business teams. Good growth opportunity within the organization.

    Cons

    Salary not in line with market leaders

    Recommends
    Negative Outlook
  3.  

    Good work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Pune (India)
    Current Employee - Software Engineer in Pune (India)

    I have been working at HSBC GLT

    Pros

    Good work life.
    Healthy and lively environment

    Cons

    Policies need to e more focused and clear.

    Advice to ManagementAdvice

    Should treat all the department same when it comes to incentives.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5.  

    Good Place to work .. Not for Freshers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Pune (India)
    Current Employee - Software Engineer in Pune (India)

    I have been working at HSBC GLT

    Pros

    Hikes and Pays along with the work life balence if you are in senior post

    Cons

    Worst from all other point of views...

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Good experience in Technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Engineer in Mumbai (India)
    Former Employee - Senior Software Engineer in Mumbai (India)

    I worked at HSBC GLT full-time (more than 3 years)

    Pros

    Friendly environment, salary is better than compared to other companies.

    Cons

    No travel incentive. Hard to move around projects.

    Advice to ManagementAdvice

    Should try to adopt new technology strategies like other banks.

    Recommends
    Positive Outlook
  7.  

    Good Place to Work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC GLT

    Pros

    Work Culture, Flexible working hours.

    Cons

    Salary, No Onsite Opportunities, Growth.

    Advice to ManagementAdvice

    NA

  8.  

    worked as an intern (less than an year)

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

    I have been working at HSBC GLT (less than a year)

    Pros

    1.Good work culture.
    2. Free food.
    3. Work life balance.
    4. Many on sites (so I have heard)
    5. Flexible working hours.

    Cons

    1.Not a great learning curve.
    2. Not particularly helpful HR, but may be it's a one off case.
    3. Average compensation.

  9. 2 people found this helpful  

    Avoid if pursuing a technical career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant Specialist in Curitiba (Brazil)
    Former Employee - Senior Consultant Specialist in Curitiba (Brazil)

    I worked at HSBC GLT full-time

    Pros

    Stability is a big plus, so if you negotiate a very good salary when joining you will be able to keep a somewhat reasonable standard during the time you're there. If you get lucky, you can also be chosen for a couple travels abroad. Colleagues are overall helpful as well.

    Cons

    Where to start? First of all, the office is located next to the one of the most dangerous slums in the city and there is no parking space for everybody, so the majority of people has to either pay for a very expensive parking space or resort to taking the company buses during rush hours which is something far from ideal. HR keeps on pushing the idea of using "greener" commutes which is made impossible for the complete lack of public safety in the office region.

    Salary is not very good as well, the deal here is that you will be doing banking work but definitely won't be earning banking salaries, which is something that eventually gets to you. If that wasn't enough, there are a lot of undercover agreements between HR and other companies effectively helping to hold salaries down. Management bonuses are also separated from non-management, where individual contributor bonuses are tied to multipliers and management bonuses are open value, which is a shady practice to follow and only helps to reinforce the fact that the management career is overly promoted and treated like a higher caste, where all members are somehow better than everyone doing actual tech work. This leads to everyone trying to become a manager even when the ability to manage is completely absent from the person. In fact, they insist on calling all managers as "leaders", where the vast majority of them are nothing more that timesheet approvers, given that most actual management is performed by project managers abroad. This however works fine given that most managers posing as "leaders" have no idea of what their teams actually do, having sometimes little to no technical background in technology.

    This all results in little to no value being perceived in a technical career path in what's supposedly a tech company. Being a hard-working technical-focused person will only net you more work, most of it coming from the share that other team members can't do. It's not unknown for people to be called upon to help with other projects to help the company to "save face" and earn nothing concrete for that in terms of recognition. Thanks to the little value given to the technical career, more and more the company is filled with people hired only because they where the only ones willing to accept working in a dangerous location for low salaries. Another frustration is that underperformers are rarely penalized and get reallocated to other projects until they decided to leave on their own, which is not a common occurrence.

    Infrastructure is also outdated and tied to the morose process natural to large organisations. It's hard to get anything that deviates from the "standard", be it higher access levels, new software or new hardware. Unfortunately the "standard" adopted is equivalent of a non-tech business branch user, resulting in an environment that is completely frustrating for any developer. The software used for application development is incredibly bloated (being all based on IBM WebSphere technologies) and the hardware available for developers is much below the requirements usually listed for such kind of development.

    Finally there is the issue of cost-cutting. HSBC as a whole is focused on cost cutting and its technology centers are definitely not free from it. It's used an excuse for everything, from simple things like not increasing someone's mailbox size to shoving people onto coach when travelling to work abroad. Needless to say it's also used an excuse to refrain from giving raises and promoting people.

    Advice to ManagementAdvice

    Management should stop wasting money with things as parties and other meaningless events and invest the money onto their most valuable asset: high-performing technical people. They should stop treating anyone who is not from management as a replaceable Lego piece and unworthy of importance when taking any important decisions, which creates a "us vs them" culture among engaged and technically capable people. They should refrain from trying to retain people through shady HR deals and offer proper incentives instead, like good salaries and better bonuses. Promotions should be given to people who really deserve; for years promotions were given mostly based on how well connected people were and for how long people were with the company, which resulted in people with junior or mid-level skills occupying higher positions in the hierarchy, creating situations where junior people outperform so-called specialists. Also management should look seriously onto moving the company offices to a better location for there are dozens of new office buildings downtown which offers a much better living standard for all employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Senior Software Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Engineer in Pune (India)
    Former Employee - Senior Software Engineer in Pune (India)

    I worked at HSBC GLT full-time (more than 3 years)

    Pros

    Fun loving company. Lots of events.
    Best company if you want money with no work.
    Work life balance depends on project and manager.
    Weekend working not encouraged by many managers.
    Hikes and annual variable pay is good.

    Cons

    Techies - pls dont join hsbc. You will forget your technical skills if you stay here for a year.
    Initial stage of projects is taken very lightly and in later stages everyone has to work extra hours.
    Very less onsite opportunites. Visa gets rejected for software engineers as onsite allowance+salary total does not meet the UK government's minimum salary to survive. Onsite allowance not revised since 2007.
    Technically very less work. Process and environments take up a lot time.
    Lot of hierarchy which is not actually required.
    There is no single point of contact who knows end to end of any project.
    Contract to hire has spread its root because of hsbc group's CEO. Company does not care if any employee is willing to leave hsbc. He is immediately replaced by a contract employee.
    Attrition rate is very high.

    Recommends
    Negative Outlook
    Approves of CEO
  11.  

    Dont Join HSBC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Engineer in Pune (India)
    Former Employee - Senior Software Engineer in Pune (India)

    I worked at HSBC GLT full-time (more than a year)

    Pros

    A lot of Fun, you can be an Hsbc Employee for Ever if you want to.

    Cons

    No Work , So you can't be competent enough to clear interview anywhere else unless any approach in the other organization and above all even if you crack the interview you will face hell lot of problems technology wise when you will be working in the other organization.

    Advice to ManagementAdvice

    Nothing , What Advice you will give to those who don't want to Change, especially Middle East Projects.

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