before the Lehman acquisition, it was great. Now it sucks - Vice President, IT Barclays Employee Review

The want to be bulge bracket but pay the minimum they can. They offer salary + "addition fixed pay" + tiny bonus. The effect of this is that they avoid UK taxes on bonuses, but do not need to commit to raising actual base pay and benefits based on it. Salaries have not be raised in IT for 3 years. Also by giving everyone "addition fixed pay" it reduces the abillity to differentiate between A and C employees. Raises in total comp to top employees was less than 2% for some departments -- not much different than C employees; Why work hard if there is no possibility of reward?