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Lloyds Banking Group

Engaged Employer

Lloyds Banking Group reviews

3.6

62% would recommend to a friend

(7,476 total reviews)
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Charlie Nunn

64% approve of CEO

57% positive business outlook

Lloyds Banking Group has an employee rating of 3.6 out of 5 stars, based on 7,476 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Lloyds Banking Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

7K reviews
1.0
Jul 23, 2024
Recommend
CEO approval
Business Outlook

Pros

Pay is better than most for the same job and effort in the market but even good pay can't outweight all the cons :(

Cons

1) Lack of competent leadership - ie., management plays the blame game for their own incompetence in communication, setting expectations, clarity of the tasks given and earning one's trust as a leader. Instead they lead by playing into games of "who's part of my clique" and that pretty much defines your future in Lloyds. Promotions and normal work existence are for the "favorites" and connections. People who challenge or try to point at the inefficiencies in leadership are deemed as not a good fit and will be crucified by putting on performance plans, structured supports etc. The management style is very much top-down and hierarchical where there is only one-way comms and direction and completely contradicts what Lloyds current company values which is to be Bold by challenging status quo etc. 2) If you are a new joiner be aware this bank doesn't walk the talk on Diversity and Inclusion, Putting yourself in others shoes, Being Bold, all it does puts on all this corporate charade but does nothing to walk the talk. Management doesn't care about developing it's new employees, providing enough support in new roles and lack of transparency and clarity in communication in what's expected from you and your role is mindboggling. When you ask management blames you for asking too many questions... and Ive never heard or seen that asking too many questions to clarify what's expected is a bad thing but in Lloyds it is :)) It's great way to be a target esp if they want to get rid of you... especially because they will bring in "the 2 year rule" where UK employment law gives employers leverage to get rid of you at no cost to them. 3) It's a complete organisational mess because no one thinks for themselves and critically on what they are actually doing or trying to achieve... tasks fly with no beginning and end and you are supposed to do something with no thinking... as everything is done top down it's whatever your director says and you are corporate slave who doesn't have guts to speak up as everyone seems to be afraid to lose their jobs. This is obviosly creates a culture of toxicity and doesn't bring in more innovation but makes the work place a stalemate where you think your soul is dying together with your brains. 4) There is no HR as such... its so far removed from you and the hiring manager that you will have to deal with every issue in your own little vacuum. So my advise sign up with the Unions as soon as you join Lloyds bank! 5) In this latest restructuring, in the retail side of the business, what bank's leadership revealed is that all it cares about is cutting costs by reducing its headcount and... nothing else matters as the song goes... :(( It's all pretty sad - incompetence of leadership, lack of clear organisation, politics,

1.0
Apr 19, 2024
Recommend
CEO approval
Business Outlook

Pros

Not one thing. Maybe bespoke hours. That's literally it.

Cons

Possibly and most likely the worst mistake of my life. If I were to write it all down you wouldnt believe me. So many people are miserable beyond words, the rest pretend not to be. I can't even list all the things wrong as my review would likely get taken down.

1.0
Mar 13, 2024
Recommend
CEO approval
Business Outlook

Pros

Great Colleagues Generally good local management Pension

Cons

Pay is not fantastic - especially below inflation pay rises when the bank is making record profits Charlie and his senior management team are destroying employee morale due to stupid decisions around hybrid working, big brother monitoring of employees and crazy offshoring strategy. Little promotion opportunity despite being a top performer. Can't apply for new roles internally without your manager being informed - not great for company mobility.

Viewing 55 - 57 of 7,476 Reviews

Glassdoor has 8,891 Lloyds Banking Group reviews submitted anonymously by Lloyds Banking Group employees. Read employee reviews and ratings on Glassdoor to decide if Lloyds Banking Group is right for you.