HM Treasury Reviews | Glassdoor

HM Treasury Reviews

4 reviews

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2.0
StarStarStarStarStar
Recommend to a friend
Approve of CEO
HM Treasury Chancellor George Osborne
George Osborne
1 Rating

4 Employee Reviews

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  1. Helpful (1)

    "Policy Advisor"

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

    Pros

    Flexi time
    Interesting work
    smart people overall
    HMT is highly reputable so looks goood on CV

    Cons

    bad culture
    depends where your placed
    no training


  2. Helpful (4)

    "Great exposure and responsibility, albeit at the cost of poor management and staff development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at HM Treasury full-time

    Pros

    - Great and early exposure to important national affairs, including fiscal, economic, and financial policies
    - Relatively flat management structure means early graduates will take on great responsibility very early on
    - Interesting place to work, with a huge variety of policy areas despite the small staff size

    Cons

    - The Treasury is well-known to have high attrition rates; senior civil servants have repeatedly confessed that the average Treasury Official works slightly below 18 months before leaving (applies to whole department)
    - By way of evidence: the Treasury has a spending team dedicated to 16 Whitehall departments; 4 months into my employment 8 leads already left the Treasury
    - Often poor management with managers often operating within silos and aloof of context and smaller details due to high pressures inherent within their jobs
    - 'Treasury type' is very much a real thing - young, aloof policy generalists who have poor understanding of their policy areas and attention to detail
    - Often poor learning & development - newcomers are often (albeit not always the case) thrown straight into difficult circumstances with poor advice and context, which often entails a sense of being 'set-up to fail'

    Advice to Management

    - Stronger managerial training for its senior policy adviser roles
    - Stronger retention strategy that benefits both employer and employee to build long-lasting capability
    - Stronger policy to counter enduring 'Treasury' culture, which has been a source of criticism from within and outside the Treasury

  3. "Perspective from a variety of roles"

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

    I have been working at HM Treasury full-time (More than 3 years)

    Pros

    Great opportunities to work on complex and high-level public policy issues, and work with some of the best minds in the civil service

    Cons

    Exceptionally poor management systems in place mean neglect of personal development and promotion of people who lack any management experience. Employee morale can fall very easily as management chop and change their approach. Pay is poor. Opportunities for profression are limited and highly competitive. Environment is clichey, dismissive and flippant.

    Advice to Management

    Value and teach line management skills.


  4. Helpful (1)

    "POOR"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Adviser
    Current Employee - Senior Adviser
    Doesn't Recommend

    Pros

    Interesting policy problems, and flexitime

    Cons

    bad pay, no promotion prospects, politicians! Lack of moral among colleagues, constant risk aversion and uncertainty.

    Advice to Management

    Look at the level of staff turnover and think that this reflects very badly on the institution.


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