Lloyds Banking Group - Was a great business but doesnt look after its people | Glassdoor
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There are newer employer reviews for Lloyds Banking Group

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"Was a great business but doesnt look after its people"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Manager
Current Employee - Senior Manager
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at Lloyds Banking Group full-time (More than 5 years)

Pros

Some very talented, driven people
Starting to recover from HBOS takeover
Clarity on strategy is beginning to emerge
Great benefits package (base pay a negative though)

Cons

Relentless drive for efficiency has left staff weary and disengaged
Constant change is also driving a lack of stability
Very much driven from the top so lacks empowerment

Advice to Management

Trust colleagues more, listen more

Other Employee Reviews for Lloyds Banking Group

  1. "Insurance Division used to be a good place to work when Widows, went downhill"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Doesn't Recommend
    No opinion of CEO

    Pros

    I was part of the Scottish Widows insurance subsidiary prior to the HBOS merger, subsequently LBG Insurance Division. For most of the time Widows felt like it had a strong identity and people seem proud to work for the company, albeit the usual frustrations of working for a corporate. There were many people there who were really dedicated and hard working and went way beyond the extra mile to do a good job, often at weekends.

    Cons

    My experience is since around 2008 was almost continual management rotation - executive/director level management coming in, trying to transform everything, moving to the next role and leaving a big mess behind after 12 to 18 months. This happened repeatedly, resulting in terrible staff morale and real operational difficulties and only got worse when the HBOS merger happened and senior management became even more focused on positioning themselves for structural change and the local identity that Widows had disappeared.

    Board level management within the insurance division in Edinburgh could most politely be described as sub-standard: faceless execs, feared by many (that seemed to be a calling card of executive management in those days, being feared) sitting on the 7th floor amongst themselves.

    Advice to Management

    Stop thinking about positioning yourself for the next round of management changes and start caring about the people in your departments.


  2. "Lloyds is not a people company, its only concern is making money as it's staff expense"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lloyds Banking Group full-time (More than 10 years)

    Pros

    Salary is fair but not market rate.
    Offices are well laid out and comfortable to work in.

    Cons

    The foundation of the company (workers) are not treated well and are not paid well which can cause issues internally.

There are newer employer reviews for Lloyds Banking Group
There are newer employer reviews for Lloyds Banking Group

See Most Recent

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