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Lloyds Banking Group

Engaged Employer

Lloyds Banking Group reviews

3.6

63% would recommend to a friend

(7,432 total reviews)
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Charlie Nunn

65% approve of CEO

58% positive business outlook

Lloyds Banking Group has an employee rating of 3.6 out of 5 stars, based on 7,432 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
Feb 2, 2024

War on Staff

Recommend
CEO approval
Business Outlook

Pros

Pension contributions are quite high

Cons

The senior leadership are currently going through what can only be described as a war on staff. Since Charlie Nunn came in there have been many changes to policy, none of which have been to the benefit of staff. Morale is at an all time low and every few weeks they do something new to push it down further. From fixing pay rises at substantially below inflation (and forcing the vote to approve it by bribing people by offering a £500 "Xmas bonus" to the lowest earners but only if they accept the low ball pay rise) to implementing a new rule that states you are not allowed to apply for an internal role until after 12 months in a position (and automatically informing your manager when you apply for a job, rather than waiting until you were offered an interview as previous procedure) I could write a long long list of similarly oppressive changes! All of the changes are clearly designed to make people walk rather than having to make them redundant when they inevitably offshore the vast majority of staff (already happening with a huge new base opened up in India). Everything is about cost cutting and to hell with the impact to staff, the worse it is for staff the better is the mentality of Charlie and his crew. All this alongside record profits, pure greed in its most disgusting of forms.

2.0
Feb 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Low expectations so not hard to stand out. Salaries and benefits are very competitive. The data science grad scheme is exceptional, there is a really good stream of talent coming out of it.

Cons

LBG used to be a really good place to work but the new leadership are extremely regressive. They're insisting on mandatory office attendance quotas, no longer supporting compressed hours working patterns and generally don't seem to care about wellbeing anymore. There is now an enormous brain drain as experienced colleagues leave for better opportunities elsewhere. Their tech strategy is essentially betting the house on "leapfrogging" the competition with genAI, despite the fact that they are about 5 years into a disastrous cloud migration, which is nowhere near complete. It is so difficult to get even basic stuff done with the state of LBG's platforms currently - it is completely delusional that LBG could somehow become an industry leader in the field of AI. Restructures and redundancies happen like clockwork every few months. Even if your team is unaffected, chances are your stakeholders or supporting teams will be, so there is constant uncertainty and disruption.

1.0
Jun 27, 2024
Recommend
CEO approval
Business Outlook

Pros

Beneficial pricing schemes Great for graduates Free BUPA private healthcare Fake positive Glassdoor reviews from Seniors who were encouraged to counteract the negative reviews

Cons

Payrises lower than RPI Discrimination to colleagues from lower socio economic backgrounds, carers, mothers and those with disabilities All about who you know rather than what you know Permanent home working has been removed Bullying behaviour from Execs Managers who are under a lot of pressure and don't know how to look after their colleagues Corruption Risk Director saying that controls to safeguard colleagues and customers are prohibitive and should be removed (for bigger profit). Making people redundant if they can't work from an office twice a week due to health/caring commitments No career progression opportunities unless you're a graduate or come from an ethnic minority or can BS your way through an interview.

Viewing 4 - 6 of 7,432 Reviews

Glassdoor has 8,845 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.