Barclays - Bureaucracy gone mad | Glassdoor
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"Bureaucracy gone mad"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Information Technology - GTIS in London, England (UK)
Former Employee - Information Technology - GTIS in London, England (UK)
Doesn't Recommend
Neutral Outlook
Approves of CEO

I worked at Barclays full-time (More than a year)

Pros

Great pension and flexible benefits (sickness, holiday especially at 30 days). Buildings are light and modern. Well defined lines of responsibility.

Cons

Too much red tape. Too many people who think their role is to preserve the status quo. Too much focus on immediate results to the detriment of any future planning.

Advice to Management

Create a strategy for how technology fits within the business and deliver it.

Other Employee Reviews for Barclays

  1. "Friendly people, heterogeneous culture, progression and pay driven by internal politics rather than performance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    - Good chairs, great given the time you spend in them
    - SeamlessWeb deliveries, for those late nights
    - Friendly people, many colleagues genuinely sitting in the same sinking boat
    - Good learning experience, depending on your team

    Cons

    - No reward for loyalty. Management would much rather pay large guaranteed bonuses (deferred from other banks) to "A-Team" recruits from other big banks, who often turn out to add limited value.
    - Limited senior management knowledge. As a trader, I have to seek approvals from managers who are clueless about the product, market and risk being discussed. As it is easier to say "no", this leads to significant missed opportunities.
    - No link between proposed culture and compensation. The "RISES" philosophy (Respect-Integrity-Service-Excellence-Stewardship) is a bit of a sideshow when it comes to rewarding performance, which is driven more by politics than by performance.
    - Inefficient business set-up. Head-count often unduly high because risk is split across more desks/businesses than required, compared to other banks. Leads to (a) risk not being pooled together to be optimally managed, (b) more headcount with less responsibility and less potential for progression, as well as the wrong people being made redundant.
    - Internal IT systems off-the-shelf and around 15 years outdated.

    Advice to Management

    Encourage feedback from your employees. Make 360 reviews compulsory for better performance measurement. Don't start cultural initiatives when incentives are still only related to profit: it wastes time and confuses people.


  2. "Fawlty towers"

    StarStarStarStarStar
    Former Employee - Director in London, England (UK)
    Former Employee - Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Barclays full-time (More than 8 years)

    Pros

    Career options whilst the bank was in a growth phase (until 2007)

    Cons

    politics,mediocricity, fear, dont do anything remotely proactive

    Advice to Management

    stay on at whatever cost. It would be hard for you to find any other place for yourselves

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

See Most Recent

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