Barclays - IT is becoming a commodity | Glassdoor
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"IT is becoming a commodity"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President, IT in New York, NY
Current Employee - Vice President, IT in New York, NY
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

I have been working at Barclays full-time (More than 5 years)

Pros

Salaries, at least for legacy people, are competitive

Cons

Barclays has chosen not to be "exceptional" but to strive to lowest common denominator
Many groups have STRONG Lehman bias if senior management is from Lehman
Discontinuation of Pension plan remove any reason to be "loyal" considering Barcap is not doing anything to differentiate it from it's peers as a "special" place to work
IT is becoming "commoditized". Push to "outsource" IT work, even that with specialized finance knowledge and front office roles, to India under euphemism "Location Strategy".
Crazy requirement of 1 month notice for AVP and below and THREE MONTHS for VPs and above. Company is VERY aggressive in enforcing this.
Also, theoretically, this notice should go both ways, severance pay for those laid off incorporate this 3 month pay so in reality, company has its cake and can eat it too regarding holding you by the short hairs.
Internal mobility highly touted, but is a joke. Unless you know somebody, you will not get a reassignment via "official" channels. In fact, hiring managers most often don't even respond to internal mobility requests.
Most people have not had salary increase in 4 years and decreasing bonuses.
Forces grading curve is not fair for smaller groups and favoritism in these group make it impossible for "good" performers to advance unless they are a "golden" boy/girl.

Advice to Management

You have become penny-wise and pound foolish. Wake up and look around. Policies encourage good people to leave and bad people to try and stay.

Other Employee Reviews for Barclays

  1. "Good experience"

    Star Star Star Star Star
    Former Contractor - Project Manager in Boston, MA
    Former Contractor - Project Manager in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Barclays as a contractor (More than a year)

    Pros

    Nice work environment
    Great people to work with

    Cons

    Company management´s lack of flexibility


  2. "Eh"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Wilmington, DE
    Current Employee - Project Manager in Wilmington, DE
    Recommends
    Neutral Outlook

    I have been working at Barclays full-time (More than 8 years)

    Pros

    Comfortable work environment with helpful people

    Cons

    Management doesn't look out for those that come up within the company

    Advice to Management

    Take care of your home grown talent


There are newer employer reviews for Barclays
There are newer employer reviews for Barclays

See Most Recent

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