Barclays

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Barclays Reviews

Updated 13 August, 2014
Updated 13 August, 2014
548 Reviews

3.0
548 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Barclays Group CEO Antony Jenkins
Antony Jenkins
167 Ratings

Review Highlights

Pros
  • Some good people amidst a sea of people who've checked out; good work life balance (in 50 reviews)

  • Flexible work from home, multiple network of mentors (in 11 reviews)


Cons
  • Transfers are very rarely given to help staff in work/life balance unless you are management (in 18 reviews)

  • There have been increased senior management changes in recent years (in 24 reviews)

More Highlights

62 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Bank in a state of flux

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate  in  New York, NY (US)
    Current Employee - Sales Associate in New York, NY (US)

    Pros

    Excellent talent to work with and a vast array of products to sell. Working with management side by side truly helps get you involved in the banks plans as a whole and what direction they are going.

    Cons

    The talent is all leaving, either voluntarily or being forced out and what is led i'm not sure will be a sustainable institution for very long.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Political

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Hong Kong (Hong Kong)
    Former Employee - Vice President in Hong Kong (Hong Kong)

    Pros

    long maternity leave i didn't benefit from,

    Cons

    highly bureaucratic, political, ppl only work on the own personal agenda, long hours,

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Experience at Company -- not good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  New York, NY (US)
    Former Employee - Assistant Vice President in New York, NY (US)

    Pros

    Laid back. Great events. Good compensation - ask for a good starting salary because it won't be changing once in.

    Cons

    Projects are constantly put on hold. Managers have no experience. It's all about who you know and no one does any work except for the people who have their visa sponsored. Everyone is in fear of losing their job all the time in most groups.

    Advice to ManagementAdvice

    Get your act together before this company collapses and your careers are destroyed.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Respect the person and not the job role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst, Information Technology  in  Knutsford, England (UK)
    Current Employee - Analyst, Information Technology in Knutsford, England (UK)

    Pros

    Working with a global workforce
    Potential for training
    Potential for progression
    Lots to learn

    Cons

    Too much politics
    Issues (widespread) take too long to get resolved due to the amount of teams normally needed to be involved.
    Unable to accommodate flexible working
    Inconsistent following of policies
    Get fobbed off when you actually have an issue
    Inability to commit to long term plans.
    Very over managed within the role
    Push back on following processes correctly.
    Too much to learn about - makes it difficult to easily share knowledge in team and external to team

    Advice to ManagementAdvice

    Remember that a colleague doesn't need to be subjected to

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    Absolutely terrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Advisor  in  Middlesbrough, England (UK)
    Former Employee - Customer Advisor in Middlesbrough, England (UK)

    Pros

    It's nice to say you work for a top bank

    Cons

    They almost seem to target Managers for sacking people. Terrible environment. Charge people for a cup of tea. No flexibility regarding sickness - 3 strikes and you're out. Use of poor recruitment agencies, so people coming onboard were useless.... where should I end this list - I could keep going for hours?

    Advice to ManagementAdvice

    Get rid of Firstsource - your customers are your income stream, and they are mismanaging their accounts. Your Managers leave confidential documents lying around the building. Your employees live under constant threat of redundancy.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Awful, do not come here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Analyst  in  London, England (UK)
    Current Employee - Senior Business Analyst in London, England (UK)

    Pros

    Money is good, Canary Wharf is pleasant, there are some good individuals

    Cons

    The worst kind of investment bankers, especially in IT... Team work is unheard of

    Advice to ManagementAdvice

    Shut down... The place is toxic

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    The worst experience I have ever had in my life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker  in  Liverpool, England (UK)
    Former Employee - Personal Banker in Liverpool, England (UK)

    Pros

    The paid me on time and sometimes early if it was a weekend but the staff incentives for having accounts had been lowered over the years.

    Cons

    Bullying managers at branch level.I almost had a breakdown due to the pressure put on me.Targets and profits is all they are interested in.Even when it was raised as high as I could go nothing changed.I met some great people who had suffered at the hand of this this "go to bank."variation management" is another word for measuring your sales targets. The new moral high ground which was supposed to change the whole bank has not changed a thing.My friends who still work there are the people I feel really bad for.

    Advice to ManagementAdvice

    Call sales targets what they are, consider rooting out the bad sales type mangers who have little or no management skills other then threatening to put you on an improvement plan if you don't sell more, Treat your staff better and the staff would be more productive.There is an underlying culture of fear and the behinds the scenes back patting is evident to everybody who works there.You tend to hire people based on who you like and the politics involved.The new moral code you have will be useless if you don't root out the large percentage of the management who seek to protect themselves.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    A truly awful culture; political, blame, "jobs for the boys/girls" - avoid at all costs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Operations  in  London, England (UK)
    Former Employee - Director, Operations in London, England (UK)

    Pros

    Money - they have to pay high end to get anyone to work there
    Benefits - the pension, insurance and stock options are pretty good
    mmmm that's it

    Cons

    Senior Management know they are fighting a losing cause so surround themselves with "yes" people and pull up the drawbridge.
    Presentee-ism culture - and backward looking - they block the use of Social media in this day and age!!!
    Execution driven and cant stick to a plan, strategy...analysis and forward thinking are non existent
    Huge distrust between Management and middle ranks
    There own self defined definition of "Talent" is "The top 200" or "SLG" - nothing else matters and forget the notion of talent rising through the ranks - they just buy in at the top. Even supported by what is well known to be the worst HR Management in FTSE.
    CEO is slowly smothering the cash cow Investment Bank rather that re-structure the company properly.
    The "culture change" programme has been a flop - C suite think by "sheep dipping" 100,000 employees through a 2 hour culture session it will change the company's culture!!!
    Have a look at the Salz Review and see how Barclays has missed nearly every target set for sustainable change

    Advice to ManagementAdvice

    Create a vision that isn't just about appeasing regulators and stick to it!
    Value and understand your people - you just don't and the current HR are incapable of this.
    Change your HRLT; they are a laughing stock in the City and climbing over each other to curry favour with C suite rather than attract, retain, develop and reward Talent.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Worst management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Event Manager  in  New York, NY (US)
    Former Employee - Event Manager in New York, NY (US)

    Pros

    If you are a consultant, great place to work

    Cons

    Terrible management. Unrealistic expectations for employees

    Advice to ManagementAdvice

    Of you rate employees on expectations, management should live up to those expectations themselves

    Doesn't Recommend
    Negative Outlook
  11.  

    Do NOT join this firm!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  Singapore (Singapore)
    Former Employee - Assistant Vice President in Singapore (Singapore)

    Pros

    A few... such as a good health plan and decent training opportunities.

    Cons

    The list is endless... but I'll give you some of the highlights:

    1. Lots of politics, ZERO meritocracy... Earlier these problems only percolated into performance ratings and bonuses, but now with the redundancies, it decides who gets laid off and who doesn't. Lots of fantastic people are being laid off and lots of useless folks are being kept on board purely because of political reasons. Everyday, this company's total employee calibre (if there were such a thing) drops to new lows :)

    2. No management foresight: The decisions taken by management are very short sighted. This includes HR policies, decisions to enter/exit businesses and geographies, and even corporate real estate policies. There are numerous examples: i) spending millions of dollars to build a new system and then as soon as it is ready, realizing that it is useless and reverting to the old system. ii) Firing somebody and giving them a redundancy payment and then calling the person the very next week to offer them a job back! iii) Moving to a new office due to lack of space and then within months, firing half the people in the office iv) Setting up back office operations in a particular country over 2 years and then closing down that centre within a year... the list is endless... the management seriously have no clue what they are doing. Completely useless!

    3. Questionable hiring practices... You just need to look at the mix of people in some teams to realize that there is something wrong. Forget about managers hiring employees from the same country. In Barclays Singapore, you see a focus on hiring people from the same state or province! A manager from Maharashtra (a state in India) would have a team filled with employees from Maharashtra, for example. It's weird that the HR does not notice or do something about this.

    4. Policies that punish employee loyalty: It is much easier for a manager to hire a new VP from outside than to promote a current Barclays employee in his own team even if the Barclays employee has far more experience and is far more capable for the role. I know a case where a manager advised his own team member to quit the job and reapply to Barclays to get a better position!

    5. No organizational stability: I know it is important for an organization to be nimble, but the way the org structure changes in Barclays is crazy... it's like an amoeba! One of my friends was technically moved across 4 different teams during the course of one year, all while doing the exact same job throughout (even his desk did not change!)

    6. Increments and bonuses are pathetic. They will lure you with a decent starting base salary, but that's almost all you're ever gonna get :)

    I could go on... but you get the picture.

    Advice to ManagementAdvice

    Fire yourselves, so that the company can get in more able management :)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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