Royal Bank of Scotland - This organization likes to lose money, it's in their DNA as is an underlying level of hypocrisy | Glassdoor
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"This organization likes to lose money, it's in their DNA as is an underlying level of hypocrisy"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Human Resources Manager in Hong Kong (Hong Kong)
Former Employee - Human Resources Manager in Hong Kong (Hong Kong)
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Royal Bank of Scotland full-time (More than 5 years)

Pros

Lack of investment in systems, infrastructure and support mean you get a broader scope as you inevitably end up having to all this non-core stuff yourself. Their marketing strap-line is ‘make it happen’ and they live by that. Want something to work or need some support? Then make it happen yourself!

Cons

There’s an underlying hypocrisy at play within the firm which is quite frankly extremely infuriating. The depart I worked in, HR, was run by an extremely critical and micro-managing management team. All of their business decisions were born out of on cutting of costs and he was definitely from the ‘talk the talk but do not walk the walk’ school of management. The business was increasingly held back by his policies and decisions. This was compounded by the fact that these policies were not applied to themselves when looking to extend their own ex-pat package. The local compensation team were taken out of the equation and their package was developed as an ‘under the counter’ deal. The management team are extremely aggressive and it is not uncommon for people to be bullied on a daily basis, at least in the Hong Kong office this was my experiences.

Advice to Management

The amount of money this bank still wastes is absurd – especially on nonsensical ex-pat packages when there’s a gamut of local talent out there. There’s a number of people getting very rich off tax-payers money and managing to put their kids through some of the best schools out here in Asia for free and for much longer than a normal ex-pat contract might allow.

I worked at RBS for 6 years and I would have no hesitation at all in telling prospective applicants to think twice about joining this firm due its manager's barefaced hypocrisies

Other Employee Reviews for Royal Bank of Scotland

  1. "Great place to work at"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Tokyo (Japan)
    Former Employee - Consultant in Tokyo (Japan)
    Recommends
    Positive Outlook

    I worked at Royal Bank of Scotland full-time (Less than a year)

    Pros

    Flat culture, fun to work with, clean office with the best employees

    Cons

    Financial crisis damaged RBS and they are now under the government's help. In 2008, the employees were told there will be no bonus for three years to recover from financial crisis

    Advice to Management

    Keep trying to do the solid business and expand trust worthy relationship with your clients.


  2. "Run by government muppets"

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

    I have been working at Royal Bank of Scotland full-time (More than 3 years)

    Pros

    there are no pros to this place

    Cons

    Very little work ethic, therefore not much to do, very quiet, in total chaos most of the time and in constant flux, so job security is minimal and everyone is always looking over their shoulders. Senior mgmt in investment banks are happy to lie to advance their own projects

    Advice to Management

    Fall on your swords...

There are newer employer reviews for Royal Bank of Scotland
There are newer employer reviews for Royal Bank of Scotland

See Most Recent

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