Culture-management issues in an otherwise good company
Pros
- Relatively comfortable work culture. Many people work 10 to 6, although some do have to slog. Depends on the boss. - Great learning, particularly if you are given better assignments from the start. Spend 2-3 years at the start here and you can move on to something great. - Front end work. Good interaction with senior management of clients. Develop knowledge across various sectors. - Develop a variety of skills: Verbal and written communication, financial, sector knowledge, presentation to Rating Committee - Pay used to be good. Now going down - so will come in cons as well.
Cons
- If you are in the right books, growth can be fast. However, this is for the very few people. Favouritism abounds from the top. This is also the case in many other Indian banks, etc. - Promotion like PSUs - depends a lot on image. No clearly defined parameters. A guy slogging 14-15 hours a day will probably get a minor higher pay compared to an average guy. However, once that accumulates, may be good later on, but not worth the effort. - Management discretion is a bit too much. One year, they will declare promotions in May and one year in July. Unnecessary distraction for employees. - Sometimes, too little number of people handling too much work and in some other teams, the opposite. At the end of the year, both get similar pay. What's the use? - Work gets boring after some time. Don't do much to rotate employees amongst sectors or departments to help them learn more. - Bring in reasonably good people, but then do not train them as much as a company like this should. Results in skills getting rotted, unless they move on. - Coordination between departments leaves much to be desired. Too much depends on individual effort, not much on systems in place. Company has hopped on due to some good people being there, but not desirable. - Used to be a good paymaster earlier. Now pay has declined for recent joinees. Has been a discouraging factor - people quit / switch sooner now. - Even the best placed people in the company agree that HR culture is extremely discouraging. Also, employees can't say anything fearing the senior people. Hopefully Moody's will do something on the culture front.
