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Lloyds Banking Group

Engaged Employer

Lloyds Banking Group reviews

3.6

62% would recommend to a friend

(7,477 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 7,477 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
Sep 25, 2024

Redundancy Conveyor Belt

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

A good salary and range of benefits.

Cons

Constant redundancy is a way of life for employees. The favourite quote that is heard a lot is 'the only thing constant is change'. Last year somebody was crying when they announced another round of redundancy stating this was the 11th time of going through this for them and they couldn't cope anymore. It is constant and many people are in roles they didn't choose because they were moved into them following restructures. People too scared to say they don't understand what they are doing in their roles. Very unhappy workplace indeed. However they are soon moved to new roles in the next round of redundancies. People hang in there rather than leave as they'd rather be made redundant as the enhanced package is very good. If you can cope with constant change and the threat of no job always on the horizon but get paid very well then I recommend it. After I left following redundancy (hallelujah), another round of redundancies were announced within approx 3 months which shocked everybody. This is not opinion but the truth of where I worked and where I still have friends.

2.0
Aug 27, 2024
Recommend
CEO approval
Business Outlook

Pros

Good perks Good pension Good bonus Good maternity leave

Cons

Toxic management Managers on power trip or promotions given to new people who haven’t got the just management are toxic to give them a power trip Will be put on a PIP if you let them know of any life events (bought a new house, engaged, pregnant, etc) No direct contact with HR Need to follow a script on calls and can’t be yourself in the office Asked about mental wellbeing as part of a tick box exercise but never offer help or guidance and no support No support on calls Grievances against managers are always not upheld Unable to use sick days and they take this off your holiday allowance instead Advertise remote or hybrid jobs but can never work from home Frowned upon if you have children and want a work life balance

2.0
Aug 9, 2024
Recommend
CEO approval
Business Outlook

Pros

Fully remote Teammates are great Some managers are great

Cons

The current state of training is deeply inadequate, resulting in widespread confusion among colleagues across the business. Many employees are unclear about their roles and the company's future direction, largely due to radical changes implemented by senior management who have never worked on the front lines. The new "digital first" strategy is proving ineffective, largely because of a poorly designed app and a fundamental misunderstanding by executives of the reasons customers reach out in the first place. There is a significant disconnect between the company's stated values and its actions. While there is a pretense of caring for vulnerable customers, there is a noticeable lack of support for the employees tasked with assisting them. Internal resources intended to guide employees are often misleading and unhelpful. Adhering strictly to official procedures would hinder productivity, forcing employees to rely on colleagues for accurate information. Role clarity is at an all-time low. Employees are left uncertain about their responsibilities from one day to the next, leading to widespread confusion and inefficiency. Leadership is increasingly disjointed, detached, and unreliable. Morale across the company has significantly declined. Teams are frequently reorganized and reshuffled without clear rationale, making it difficult for employees to form stable working relationships. It's not uncommon to have multiple managers and team assignments within a single year. During a recent meeting, senior HR leaders were directed to use a QR code linking to Glassdoor and were encouraged to spend a few minutes writing a positive review. Changes are being implemented not to improve the work environment, but seemingly to create the appearance of action, often to the detriment of employees’ roles. Compensation remains inadequate.

Viewing 94 - 96 of 7,477 Reviews

Glassdoor has 8,892 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.