Reserve Bank of Australia
2.3 of 5 7 reviews
www.rba.gov.au Sydney, Australia 500 to 999 Employees

Reserve Bank of Australia Reviews

Updated Jul 3, 2014

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2.3 7 reviews

                             

60% Approve of the CEO

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Glenn Stevens

(5 ratings)

29% of employees recommend this company to a friend
7 Employee Reviews
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    You will get bored in a year or two, especially when you don't agree with your first line manager.

    Senior Developer (Former Employee)
    Sydney (Australia)

    Proslife work balance, you get RDO once a month. nice canteen.

    Consyou start to have concerns over the value of your work. Too much politics. Your value is not judged by your contribution but whether or nor your manager favors you.

    Advice to Senior ManagementMeasure your project with a tangible value proposal. make sure your first line managers are hands on, and not amateurs.

    No, I would not recommend this company to a friend

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    A Culture that Hides Incompetence with Extreme Red Tape and Politics

    Systems and Technology (Former Employee)
    Sydney (Australia)

    ProsThe Pros are a free gym-like place, and a subsidised low quality food cafeteria, and an obsession with biological health.And before I forget, it is close to public transport.

    ConsIncompetent employees who never say no to their superiors are well regarded. 10 levels of management for 900 users. Red Tape exists over red tape itself. Higher managers work on 5 year contracts, making it over competitive and leaving superior management with no opposition due to the power to let someone go after 5 years. Lower plebs get 1 and 2 year contracts making them more at the mercy of higher powers. There will be no need to go through a real process to filter the good from the bad and letting someone go is as easy as a toilet leak. You just need to make it look like it was done over a real process.

    Advice to Senior ManagementGrow some Balls, Find some Ethics, Say No to Wrong, Become Skilled, Listen to People, Stop Creating more Chiefs and Less Indians, Reduce VIP culture, Improve your performance plan process as its only to tick boxes. Stop recruiting full timers as fixed term hires.

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

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    Politics, bureaucracy and red tape

    Anonymous Employee (Current Employee)
    Sydney (Australia)

    ProsGood work / life balance, subsidised cafe, free gym, good focus on employees being healthy, a long history of traditional social and sporting functions, intelligent people, great superannuation benefits

    ConsAn overbearing amount of politics, bureaucracy and red tape that diminishes productivity and creativity. A very siloed organisational structure with many people pushing their own agenda.
    Multiple technology stacks that cause disputes, disparate and even duplicate systems.
    Management reveal major decisions without consulting subordinates or consideration to the underlying impact. The culture chastises employees who flag things being mismanaged or running poorly. Promotions and performance reviews tend to be based on favoritism not work output. The remuneration is below market rates and it is unsettling working at HQ when the Bank receives a threat but the Bank does exercise paramount concern with employee safety. Very, very slow to respond to industry trends with process/system/product aeon lifecycles.

    Advice to Senior ManagementConsult the people who actually do the work before finalising decisions.

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

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    Much More Cons than Pros

    Anonymous Employee (Former Employee)

    ProsGood people to work with, RDO's, Free Gym like place, Good Health fund, Cheap cafeteria with mediocre food.

    ConsWorst culture I have ever seen. Dictating obsessive VIP culture that refuses change and is very one minded enforcing and overriding anything that does not fit their 1920 way of thinking. A place desperate for new blood for leadership. Different standards for different teams. IT is seen as purely a service and not an investment. The place is over-bureaucratic and the red tape and grey area make working very stressful. The work-life balance is team dependant and there are teams that work 6 days a week and very long weekday hours for a government job. Bonuses and Pay rises are almost non-exsistant and the Bank pays less than the market rates.

    Advice to Senior ManagementRetire old blood. Bring in new blood. See IT as an investment, reduce over done red tape, reduce grey area, Deal with under resourced teams.

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

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    4 people found this helpful  

    Place where ambitious people go to die

    Graduate Economist (Former Employee)
    Sydney (Australia)

    ProsFilled with probably the smartest ECON grads from Australia. Good work environment and hours are consistent with the government like culture.

    ConsStifling culture that blunts innovation/creativity. The organisation attempts to squish everyone into a cookie cutter image of a bland central banker. Research methods are outdated and repetitive. You will be checking commas and grammar more than thinking about underlying economic issues.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    OK for a government job I suppose

    Senior Analyst (Current Employee)
    Sydney (Australia)

    ProsGet to work with people who actually know what they're doing/genuinely intelligent

    ConsNo chance of meaningful promotion for most people, best to leave after a few years or you'll stagnate. And the pay is truly appalling.

    No, I would not recommend this company to a friend

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    good placer

    Anonymous Employee (Former Employee)
    Sydney (Australia)

    ProsThe work place is very flexible. They are very open to helping maintain a good work life / home life balance.

    ConsThe management hierarchy is pretty old fashioned and resistant to change. For the most part its quite political among middle management, and this often leads to inefficiency.

    Advice to Senior ManagementBasically the whole of the information technology department middle management could be streamlined. Too many teams spend their day trying to get out of work from other teams.

    Yes, I would recommend this company to a friend

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