Thomson Reuters Reviews in London, UK Area

Pros

Training setup is good.
You get to work with lots of different data sets and get great exposure to the financial markets

Cons

The salaries offered for starters are ok and will initially go up in small - but regular - steps.
After 2 -3 years it tends to stagnate and you need to leave in order to come back on a higher salary.

Pros

Responsibility to drive own initiatives with support of management. Culture of innovation and change. Business acts globally and benefits from operations that really collaborate across these boundaries.

Cons

Speed of change for some can be unsettling with the number of acquisitions that take place. The culture is to gain the best from employees so there is a high expectation to deliver above and beyond your standard job profile.

Advice to Senior Management

Feedback can always be improved from top down around initiatives and developments within the organisation at a global and regional level.

Pros

Great life work balance
Not as much office politics as other companies
Not as high pressured as other companies
No blame culture

Cons

Incompetent people are tolerated and not often sacked
Senior management dont understand what clients really want. Too many product decisions are committee led and not client led
A lot of hot air about diversity etc but this is not reflected in fair pay structure - huge variation in pay for people doing the same role. What is the point of diversity without equality?
Slowly chipping away at benefits etc since merger
Claims to be working towards better customer service - but experienced and knowledgeable staff get replaced with off shored staff completely new to Reuters technology. Net result - customer experience suffers.

Advice to Senior Management

How can you claim to be striving for superior customer service when you keep replacing highly experienced technical staff with off shore staff with high turnover rates?
Why make a big fuss about Diversity without putting a fairer pay structure in place?

Pros

Open and relaxed culture
Flexible working
Good Holidays
Promotes Innovation
Excellent Maternity Benefits

Cons

The new restructuring of sales
Management lack of understanding whats happening on the ground
Poor Management decisions
Over reliance on management consultants

Advice to Senior Management

Offer adequate service to all account types
NOM ... not great in terms of the new coverage model..... Review this immediately
Focus on customers not internal reorgs

Pros

Thomson Reuters employs bright people. The company strives to be best, sometimes succeeding. The culture of Reuters, with it's acknowledged leadership in editorial and information services over 150 years together with Thomson's more sales-focused approach makes this a genuinely great place to work.

Cons

The tough economic climate for financial information businesses and the decreasing unit value of raw data over the past decade forced Reuters to almost 'run on empty' for a few years. The acquisition by Thomson provided some financial stability - particularly the wider market focus into Legal, Scientific, Tax and other information areas. The downside is that old Reuters culture has been lost to some extent. However, if you didn't know the 'old world' it might not be an issue.

Advice to Senior Management

Spend more time focusing on modifying first-level and middle manager behaviours and attitudes through 'walking the walk' - management's first responsibility is to bring the best out in their reports. Carrot and stick has been shown not to work (all should read Daniel Pink's book 'Drive')

Pros

Great corporate culture and collaborative environment. Large variety of products and services offered in a variety of different professional fields and industries so your work is never boring.

Cons

It is a large organization of over 55,000 people in more than 100 countries so you can feel like a small fish swimming in a huge ocean.

Advice to Senior Management

The leadership structure is somewhat confusing for someone just starting with the organization. However, once you figure it out, it is easy to understand why TR has this structure.

Pros

Good work / life balance. flexible emplyer. good working hours.

Cons

Decisions dont get made quickly. Very little power is given to anyone below the senior executive management. TR takes very long to get things done. Red Tape.

Advice to Senior Management

give more autonomy to junior level staff. make career advancement easier within TR and help with clear path for career develepment and training. Do away with the red tape and hundreds of procedures for everything.

Pros

Good place to work, good team fit.

Cons

Salaries are not in line with other institutions in the city

Advice to Senior Management

Try and match what other financial services companies are paying in the city and try and remove the endless processes which have to be followed, even when doing the simplest of things

Pros

the size of the company and the customer base in many countries. the quality of the brand makes selling more straightforward than other companies.

Cons

High volume of work expectations from all roles, poor decison making capability. very political organisation with many decsions based on what executives would want to hear.

Advice to Senior Management

Get closer to the front line on occassion and see how inefficient operational processes are. empower employees to have more impact.

Pros

Excellent benefits, good flexibility and lots of holiday. Pay is good.

Cons

Not so dynamic in aiming to break news and write original stories. Too many who wait to be given press releases to write up.

Advice to Senior Management

Be more willing to say goodbye to those not pulling their weight. The world doesn't owe you a living, you have to earn it.