HSBC Holdings Reviews in Chicago, IL Area

Pros

HSBC has a very good brand name.
Besides they are very flexible with the work hours ( atleast most of the teams with FT employees). Has good benefit packages. and they are a very employee friendly company.

Cons

A little laid back culture.
Ideal if you have a family but you would want to do more interesting if you are single.
At least within a couple of teams, work is the same over the years. Nothing new is taken up.

Pros

Good benefits
Global footprint
Not much else

Cons

Poor strategy
Company is not run well, especially in North America

Pros

great benefits including 401, pension, vacation

Cons

incompetent management, no promotions and recognition, long hours, layoffs

Advice to Senior Management

more appreciation

Pros

As a global company there are global job opportunities
Very competent employee base
Very nice facility
Relatively competent Sr. management

Cons

The North American businesses do not align well with the group's overall strategic position or future vision thus there is substantial uncertainty regarding the group’s commitment to North America.

Advice to Senior Management

Need a large vision to move North America in the direction of the group's global brand.
Leverage the fact that HSBC did not receive bailout money for the U.S. or U.K. governments.

Pros

- Good trainings available in filed of risk management

Cons

-No green card sponsorship until one finishes 4.5 years
-Salaries are not competitive with industry standards
- Reorganization of teams happen very frequently
- No bonus or raise even after 2 years
- No standard requirement for hiring , candidates with EXACT similar profile are hired as senior analyst and sometime as just analyst

Pros

Well respected and stable financial services company that is committed to being conservative in their approach to business going forward.

Cons

1) "Some" in the SVP and higher ranks talk the talk but don't necessarily action on it. On a number of occassions I have observed executive tunnel vision to outstanding work by personnel and in other situations relatively little things receiving high praise and recognition. Seems to be a place where favorites are played.
2) Not necessarily a good business partner. In a true partnership a balance is found between 2 parties such that the resulting arrangement is mutually beneficial. I have observed questionable actions by executive management that were intended to unfairly take advantage of a partner.

Pros

If you are on the credit card side you are pretty much safe with keeping your job.

Cons

Work-life balance is not balanced and if you are a single person its worse for you. HR policies not enforced.

Advice to Senior Management

Be honest and up front with employees.

Pros

- Good vacation days (22 days for new employees)
- Regular communication between senior management and employee
- Free on site gyem
- Flexibility to work remotely
- Global company

Cons

- Low compensation compared to others
- Overtime work is expected
- Difficult to get promotion
- US business not growing

Advice to Senior Management

- Offer more recognition for employees
- More work life balance
- More transparent compensation system and comparable pay to others in the industry

Pros

good vacation days - 23 +4 days after 3 years service..

Cons

too procedure driven... long hours.. pay could be better...managers have favorites..not many opportunities for growth after the CML business closed last year

Advice to Senior Management

payscales need to be reviewed...

Pros

solid pay and good benefits; good work life balance and flexibility; HSBC has weathered the storm better than many of the banks by recognizing problems were coming earlier than most and acting accordingly

Cons

technology is outdated, company is too big to make quick decisions, bank branches are old and understaffed, employees are not very knowledgable as processes are arcane; very limited opportunity for promotion or advancement, very little value in long term employees or loyalty

Advice to Senior Management

Sales has become a dirty word as compliance and legal functions now rule the company----soon there won't be much revenue to regulate