employer cover photo
employer logo
employer logo

Lloyds Banking Group

Engaged Employer

Lloyds Banking Group reviews

3.6

62% would recommend to a friend

(7,476 total reviews)
avatar

Charlie Nunn

63% 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
May 17, 2023

Used to be good, now looking to leave

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Stable career - good share scheme

Cons

LBG used to be a flexible place to work, I had a good work/life balance and pay was ok (despite being less than some other banks). The work life balance was the real selling point to me, however as you will have seen from other reviews, the CEO announced a few weeks ago a 2 day minimum in the office, and a pilot to remove compressed hours. As I’m sure a great many people will, when the next share options mature I’ll be looking to leave. I could previously see myself working for this company for the next 5 years, probably longer. Now the reality is that if I ever needed compressed hours, I probably won’t be able to get that approved by management. I’ve seen so many colleagues have successful career by utilising compressed hours, whether that is for childcare, other caring responsibilities or simply wanting a different way of working to a standard 9-5. I used to think that I could have a successful career and start a family, but now it seems if I want both of those things, Lloyds don’t want me

2.0
Apr 1, 2024

Not the best

Recommend
CEO approval
Business Outlook

Pros

- The pay isn't too bad, especially if you end up in a higher pay group due to your office location/job family. - Very good pension contribution - if you contribute 6%, LBG add 15%. (Although if you're CEO Charlie Nunn, you can get your full 15% without contributing anything!) - Bearing in mind it is dependant on your manager/job role, but very little micromanagement in current role. Largely left to own devices and can work independently. - Decent work/life balance (but they are trying to erode that now with compressed hours)

Cons

- Great importance is placed on "being visible." Showing off and telling others what you're doing, rather than doing the actual work. If you get on and do work quietly (and complete the work to a good standard) you will be told people don't think you're doing enough. - Little awareness of neurodiversity. Previously been told I should do training on being "less introverted." - Lots of virtue-signalling from upper management. Very cringey and hypocritical. They are also shockingly out of touch. CEO receives bonuses of over a million. - Forcing everyone to come to the office twice a week and give up compressed hours, despite widespread employee dissatisfaction and survey results. Pretend to care about people's feedback but it's always disregarded. Censoring people asking questions on Q&As on calls. - Dishonest and lack of transparency when trying to persuade people to give up their compressed hours. People have given them up thinking it's mandatory. - Not much space for progression. A lot of E grades are taken up by people waiting for retirement.

1.0
Sep 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Struggling to think of any

Cons

Was recruited into this role less than 2 years ago when we were just coming out of lockdown and hoping to return to some normality. I'm a cloud services specialist and although I wasn't head-hunted as such I did get a "tap on the shoulder" from a mate who works at Lloyds, knew my skill set and told me there were opportunities coming up as Lloyds looks to move much of it's architecture to Cloud over the next few years. Having always worked for smaller companies I had my reservations and told my pal I didn't think the huge corporate environment was for me. And I wouldn't fit in. He put my fears to bed by explaining that the bank had a strong people culture and that right at the heart of it was flexible working including WFH and varied working patterns. So based on this recommendation and a decent interview and salary offer I made the move. The first 12 months were great. The team made me feel very welcome and I hit the floor running. Let's just say my experience was significantly ahead of many of my new teams mates but I was happy to share knowledge and help them improve. I get on great with my immediate boss and there was talk of promotion within 12 months of me arriving. Then BOOM out of the blue the rug has been pulled. Get in the office 2 days a week says Charlie Nunn. I've been an IT professional for over a decade and a half and never been dictated to like this. My nearest office is an hour away and the office where my actual colleagues are based is even further. But that's not the half of it. I took the job based on an agreement with the hiring manager that I'd have Monday off and work my hours over 4 days. I do this for very personal reasons but I give back so many hours by working late or at weekends to solve problems in my own time. Sounds sad I know but when I have a problem in my head I can't rest until I've solved it. So now I'm regretting coming to this place. Not because of my immediate boss or the team. Or even the work or the workload. It's because some dictator in his wood panelled office has decided that grown adults can't be trusted to work from home and can't get through their workload in 4 longer days. Well get this Mr Nunn and the board. You are so out of touch with the real world. You can try to convince us that we need to adhere to your mantra because we're doing a huge transformation etc etc. But you'll have to do it without me I'm afraid. I'll be out of here by the end of this year and back working somewhere that's more progressive and forward thinking. I'd like to say thanks for my time here but I'll save that for my team mates at my leaving doo. Good luck hiring and retaining the IT specialists you're going to need to make your "huge transformation" into reality.

Viewing 13 - 15 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.