HSBC reviews

Overly crowded building. The work environment is horrible despite how the building looks from the outside. Not to mention how many complaints I filed about toilets. Bad work life balance & high pressure. Management keeps pushing you to work harder and the pay is not competitive compared to the range outside. Bonus is pretty bad. No matter how much revenues you think you have make, they think this is franchise not sales effort. Btw CEO always gets pay rise but not you as small potatoes. I don’t know how you feel about Indian mid management but there are too many of them in HSBC HK. What happened to diversity and inclusion? No career progression unless you stay close to the boss. I’m in one of those sick teams with 2 guys managing over 30 people. Each individual is just negligible and replaceable in the eyes of management. The company culture is rigid. They don’t encourage people with personality. These people often end up quitting or letting go. The management likes someone obedient and hard working like a robot. Some of the systems are really from the Stone Age.

-Standards lag behind peers. -Decades-old issues continue to be band-aided instead of addressed head-on and in a sustainable manner. -Old school emphasis on working hard instead of working smarter -Overpromising and underdelivering on efficiency initiatives -Offshoring used as a Swiss-Army knife for cost issues (see above re: band-aid approach) -Difficult to perform role without major compromise as administrative tasks consume large part of nearly all roles; little done to help employees day-to-day over last 5 years despite lagging pulse surveys. -Longstanding RACI issues in roles, regardless of business, result in many with a desire to and/or a track record of expertise in pushing improvement wearing hats extending well beyond intended scope of role. -Executive management dated in terms of philosophy and management style. -Strategy of nearly all the "eggs in one basket" re: Asia profitable, but, obviously quite risky and creating resentment amongst Asian stakeholders (leading to largest Asian shareholder to propose breaking up the firm which sent the Board on a charm offensive to assuage concerns and sway the vote). -Frenzied, unfocused environment (which can be said about the last firm that's convinced it can do everything its peers divested from years ago due to risk, profitability, sustainability, etc.) -Higher than average voluntary attrition and targeted reductions skewed toward higher performers creating challenging headwinds. -Executive management and messaging re: Russian assets (HSBC Bank (RR)) bordered on misinformation, but, at least payments finally stopped on 08SEP2023 (see points re: management above) when it truly became unsustainable from a profitability perspective.