Lloyds TSB Reviews

Pros

Professional development in the finance industry

Cons

very poor basic salary and bonus

Advice to Senior Management

improve your pay, its too poor to attract experts.

Pros

Good package and benefits
Friendly colleagues
Willingness to consider requests for compressed hours and flexibility to start and end times of days.
Some low level roles have high impact not only in the bank, and you can see how your work affects decision making - both inside and from outside.

Cons

Focus on cost cutting
Poor morale, which hasn't been helped by lots of teams previously being made redundant
Opportunities within teams are not communicated to all team members
Working long hours in order to get job done is increasingly common and is unpaid.
Volume of work is high and is increasing within some teams.
Cannot do flexi-time.

Advice to Senior Management

Many staff feel undervalued and unappreciated.
Focus of Management is on the work to be done first, however not enough consideration of team members views is taken into account.
Also visible action is needed not just words.

Pros

active great friendly and bright full environmental don't know

Cons

challenging and i am not sure what would be the case for you

Advice to Senior Management

you need to apply and work there to feel how it is working

Pros

Friendly colleagues.
Helpful HR
Nice/good uniform (for man)
1 hour lunch break.
Colleague offers.(pension and flex)

Cons

Morning meetings - always about targets nothing about team work or thx for the good job or plans
Training - nothing about the actual job.
Sometimes shortage of forms, stationary and most importantly short of staff.
Promised but unpaid Overtime - usually 3 days from 5
Useless computer keyboard/touch-pad (IT really slow and useless, really effect your job in front of the customers)
Lots of paper waste (lots of unused prints from the fax and printers be shredded)
Software not user friendly.
If u made a mistake no way to find out what happened.
Different instructions from each manager.
Low basic salary.
Reaching your targets is really depend on which branch are you in and where.
Customers fed up from up-sales.
Running pick up the phone.(every 5 min)
Organised, sometimes dusty, dirty workplace.

Advice to Senior Management

Managers should be good organisers and leaders not only salesman. Customer first, isn't it? Follow one best way. Back office person minimum 1 per branch, phone calls to the call centre not to the cashier. Take more care about the cashiers they are the face of the company!

Pros

Work-life balance
Good opportunities for development

Cons

Very UK-focused
Clow to change / adopt change

Pros

Great work life balance. The people are nice, not backstabbing and professional. Great offices and they are growing into a real investment bank.

Cons

They are still going through growing pains with their acquisition of HBOS so the IT and other infrastructure issues can be problematic. They are conservative bankers so to get approval sometimes can be a very long and involved process.

Pros

Huge international company with 300.000 employees and offices accross the world --> many opportunities to evolve
Great branding, Lloyds' name is excellent

Cons

Lack of organisation, communication is often not efficient, people are so proud to work for Lloyds that the level of turnaround is very low --> lack of experience from other companies.

Advice to Senior Management

Promote internal mobility, improve communication, work on cross departmental communication to ensure smooth evolution of projects.
Apart of that, Lloyds' is a great place to work

Pros

Great starting ground to learn
Supportive of work life balance
Plenty of opportunities if UK based
Development and feedback given, praise given if earned.

Cons

Slow career progression, at times length of service is seen to be of more value than capabilities
Lack of opportunities for growth outside UK
Communication/streamlining between businesses is lacking

Pros

Great Opportunities and great flexibility and supportive work/life balance culture

Cons

Recognition for job well done

Advice to Senior Management

Get better at recognising employee contributions and improve Talent Management

Pros

Healthy work balance, efficient internal communication, diverse environment and fairly friendly, good flexible working hours for employees (eg. mothers)

Cons

Definitely a good place to start you off, difficult to progress in the long term therefore there are limited opportunities

Advice to Senior Management

regular employee review and feedbacks needed.