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Lloyds Banking Group

Engaged Employer

Disapointing - Room for Improvement: Addressing Compensation Disparities and Valuing Employee Autonomy - Senior Cloud Security Engineer Lloyds Banking Group Employee Review

2.0
Aug 14, 2023
Recommend
CEO approval
Business Outlook

Pros

1. In my area, there is a lot of funding to acquire new qualifications (Cloud related); 2. Great team-mates; 3. Decent Pension package (up to 15% of employer contribution)

Cons

1. Compensation: The compensation is not competitive, especially considering this is a bank and not a non-profit or green energy/environmental organization. 2. Bonus Disparity: During the COVID-19 pandemic, when the share price was around 20p, senior management received significant bonuses. In contrast, the rest of the staff did not receive any bonuses, despite the share price now having more than doubled. 3. Wage Gap: The bank promotes itself as socially responsible, yet there is a stark wage disparity. The salary ratio of CEO Charlie Nunn to a regular employee is 140:1, meaning for every £1 he earns, a regular employee makes only £0.007. 4. Cost of Living Support: The bank provided limited support during the Cost of Living crisis, offering £1,000 as assistance, which many found insufficient. 5. Work Culture: The workplace culture leans heavily on political correctness, which can be stifling for some employees. 6. Cultural Values: The company recently updated its core values to include inclusivity and sustainability . . . why?

Explore other reviews about Lloyds Banking Group

5.0
Sep 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Collaborative, friendly, inclusive, diverse and committed to driving innovation and change

Cons

Too many layers of management at times

3.0
Jul 7, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good culture in the firm

Cons

None come to the mind

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