HSBC reviews

3.9

72% would recommend to a friend

(28,233 total reviews)
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Georges Elhedery

69% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.9 out of 5 stars, based on 28,233 company reviews on Glassdoor which indicates that most employees have a good working experience there. The HSBC employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

28K reviews
2.0
Jun 12, 2008
Recommend
CEO approval
Business Outlook

Pros

You can't beat the benefit package (excluding salary). The benefit begins the first day of employment. Their health insurance consists of HMO, PPO, and EPO, which is a combination of HMO and PPO without the ridiculous premium. With EPO you can go to any physician within the same network without having to get a referral from your primary. The vision and dental are fantastic too. There are also some other benefit such as legal assistance, AD&D and death benefit, to name a few. The vacation days for the average staff is about 10 t0 14 days a year and there's about 4 days which are time off with pay.

Cons

The salary was not the competitive considering it's one of the largest banking corporation in the world. There is a lot of pressure to sell and most staff members are very on top of their job duties. I think the senior management are the ones that needs training. As an ex-employee, I felt I received a good amount of training for the duties I was performing. For the most part, I felt since my co-workers and myself were front line people, we were very familiar as to the customer's wants and needs, their different types of personality, various products that were being promoted. For the duration of my employment, not once did our district officer ever complimented any staff members, even when quotas were met. There is a constant barrage of nasty email by this officer, we were told to never contact him for anything, we were not to send him any emails, and when it came time for bonus, we were told we would receive 70% less because the bank "accidentally" set the goals to low. I think this bank has an infrastructure problem.

3.0
Jun 12, 2008
Recommend
CEO approval
Business Outlook

Pros

It is truly a global franchise and promotes its employees to think globally. At least with my manager, he/she tries to ensure employees are satisfied and have a good work/life balance, particularly since compensation is constrained. Generally (but especially applicable to large firms like HSBC), if your manager is competent and fights for his/her staff, then employees become more motivated to succeed.

Cons

Where do I begin...first off technology/IT infrastructure and staff needs massive improvement. Overall, employee turnover, across all levels of the group, are extremely high. Part of the reason is the lack of accountability and high amount of strategic changes, which prompts management shake ups. The big downside of being a global firm is that executives in London do not fully understand or appreciate the challenges facing the local businesses. And bringing in management from London is often not effective, especially since these managers are temporary (stints last 2-5 years) and does not instill any sense of stability.

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