National Australia Bank

  www.nab.com.au
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National Australia Bank Reviews

Updated Jul 24, 2014

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All Employees Current Employees Only

3.3 100 reviews

80% Approve of the CEO

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Cameron A. Clyne

(51 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • Emphasize work-life balance, relatively good staff benefit compare to other banks in HK(in 14 reviews)

  • Extremely flexible working for the perms, You can have some strong leaders and great people - just depends on the department(in 7 reviews)


Cons
  • Bloated middle management layers; slow and centralized decision making; limited empowerment; chronically outdated IT(in 5 reviews)

  • The organisation tends to settle for mediocrity through a pervasive tolerance of poor performance and performance appraisals that average to a mean(in 4 reviews)

100 Employee Reviews
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Slow moving company

    Project Lead (Current Employee) Melbourne (Australia)

    ProsSome people are nice to work with

    ConsVery political and slow moving, hard to drive change. A lot of senior leaders are all about how they appear and their positioning within the political environment.

    Advice to Senior ManagementImprove leadership capability, and lead by example.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    If you want to know what hell is, go work there

    Analyst, Corporate Banking (Former Employee) Sydney (Australia)

    ProsYou'll learn how to suck up and perfect the art of speaking at team meetings without actually contributing meaningful - strangely this is valued by management.

    ConsFull of psychopaths and people who think they are God's gift to mankind. If you're a yes man or have no backbone you'll do well there. I know people there who went five years without any pay rise.

    Advice to Senior ManagementHope you guys sink the ship - fingers crossed.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

    2 people found this helpful  

    NAB : Still making Big Profits despite poor leadership and plummeting employee engagement and empowerment.

    Senior Manager (Former Employee) Sydney (Australia)

    ProsIf you have a good boss you can get opportunity to balance work / life. Promotion opportunities are numerous, not because of career planning but because of necessity as staff turnover is high. If you can handle the pressure and the increase in expectations when thrown into a new role then you're fine. Otherwise you will probably end up leaving. Don't ask for any salary increases though as they usually say that there is an embargo. Avoid any type of Long Term Incentive offered instead of salary increase as there is a lot of "out clauses" for the Bank based on future performance etc and they will take every opprtunity to be in a position to forfeit them before they need to be paid. With this organisation "a bird in the hand" is the best policy.

    ConsThere are many. Senior Leadership cannot manage poor performance. Especially those with really bad attitudes or behaviours that have a very destructive affect on people around them. They prefer to bury their heads in the sand and let them stay while everyone else moves on leaving it for someone else to resolve. senior leaders are paranoid and seem to have different agendas. They are constantly looking to protect their positions. There is no loyalty shown to any employee. You could be a Star one day and being pressured to leave the next. The culture now is seeing staff reciprocating with them moving on when opportunity arises. NAB talks about their Employee Surveys but they don't really take note of what is being said. Poor results are often blamed on the direct people leader and Executive Leadership wash their hands of any blame when they are usually the major contributors. For instance when there is poor commentary about the organisation they will blame that on the office manager when that person really has no control over the perception staff have of the organisation. However, if the results are positive the Executives will take credit for that. When Surveys are about to commence they will usually hold morning teas or lunches and encourage staff to complete them in a favourable manner. Most employees do not trust the organisation as they feel that adverse commentary can be traced back to individuals or a group of individuals, especially in a relative small business unit. Results therefore are often better than they should be and they will rely on that as a positive outcome, despite what is happening around them indicating something to the contrary. CEO is aloof and rarely acknowledges staff. He is leaving, which is a blessing as his tenure hasn't seen any significant or positive change in the organisation apart from the major restructuring and expense associated over the last 2 years. New CEO may be different and hopefully he will make it a good place to work, warm to people at all levels, build trust and reward people for their skills and efforts rather than looking for ways to avoid reward.

    Advice to Senior ManagementStop burying your head in the sand and see what is happening to your business. You need to listen to the truth and not the things you want to hear. Your HR areas really needs an overhaul, their arrogant and naive. You need to get people in there who have some commercial and business experience not just a degree. They need a large dose of practical reality. Most people are there purely because they have to be there. It used to be a place that attracted good staff and people wanted to be working for the group for many years. Now all you have to do is look at the number of former employees working for other Banks and listen to what the market is saying about your culture. Share price is very reflective of how poorly your business is going when compared to your competition, luckily you continue to pay a decent dividend as there really is no growth.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    3 people found this helpful  

    Super Fast + Cut throat- Lots of Politics every day

    IT Developer (Former Employee) Melbourne (Australia)

    Pros- Huge organisation means easier to jump between depts.
    - Decent Starting Salaries (if you are in the right area)

    Cons- Lots of dirty politics
    - V Cut-throat. Personal life can easily be lost
    - Company culture and the way bonuses are assessed - Everyone (even people from same teams) seem to be working against each other rather than with.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Just a resource on a plan

    Anonymous Employee (Former Employee) Sydney (Australia)

    ProsYou can discover other office cultures and what possible using the internal social media.

    ConsLeaders value, ego in the C-suite, bullying and corporate psychopaths at work, conformity, group think and fail to relate authentically. HR and compensation systems are poor - generally try to pay as little as possible for more than a fair days work. Give them a miss if you're innovative, creative, expect fair pay or want to be treated as more than a resource on a plan.

    Advice to Senior ManagementGet rid of your resource planning software, you can probably get something that does a better job on the app store, runs on an iPhone and iPad and doesn't allow leaders to poison the culture or make poor decisions on leadership and compensation. You can't lead people by sitting in a meeting room once a week, talking about a resource plan report and then sending out emails until the next weeks meeting.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • No Opinion of CEO

     

    Heavy political environment, rife with incompetent offshore IT companies

    Architecture Lead (Former Employee) Melbourne (Australia)

    ProsNone for a local contractor. Too much offshoring.

    ConsIncompetent offshore IT, dislocated and politically-heavy management hierarchy, has direction but is wasting billions on poorly qualified but cheap offshore labour.

    Advice to Senior ManagementIf your going to waste billions in IT, you should at least do it on local labour and resources.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • No Opinion of CEO

    1 person found this helpful  

    Worse company I've ever worked for, couldn't wait to get out!!!

    Anonymous Employee (Former Employee) Melbourne (Australia)

    ProsIt's a job, it comes with an income, you get free fruit each week, and you employee banking advantages.

    ConsCompany seems to love politics, its about the bottom line, with a culture that processes matter more than people. Nothing seemingly can be done without paperwork. I've never worked for a company where morale was so low. Management seem to exist soley to take rewards away from employees which they have earned

    Advice to Senior ManagementListen to the people on the floor, and get rid of some of your middle management, because they're a big part of the problem

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Glad to be out

    Anonymous Employee (Former Employee)

    ProsVery few. New offices in Melbourne. Flexible work environment. Your experience will depend on the type of people who are managing you.

    ConsIf you are looking for a company that cares about employee culture, then NAB is the wrong place for you. Constant restructures and an environment perfect for nurturing corporate psychopaths. There is zero care about the fallout to employees which can be personally catastrophic.

    Advice to Senior ManagementWeed out the psychopaths and narcissists. Stop nurturing this type of culture.

     

    work environment

    Director (Former Employee) New York, NY

    Prosnone. the people are still in the bush

    Consnot very bright people. prepare to dumb yourself down

    Advice to Senior Managementget with it

    • Culture & Values
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    • Approves of CEO

     

    stalled transformation which has kept the dead woid

    Project Lead (Current Employee)

    Prosgreat worklife balance
    great training but there are limits to who can access it

    Conspoor decision making
    lack of delivery on commitments regarding core system transformation
    retention of poor performers at executive level
    poor execution of structural transformation which will crucify the culture and performance
    5 managers in 4 years = constantky justifying why you exist rather than getting on with the job
    short term focused incentives and program delivery which means no one collaborattes

    Advice to Senior Managementbring in better decision makers, be transparent on system transformation progress

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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