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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 Finanzas industry (3.7 stars).

Reviews by job title

7K reviews
2.0
Feb 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Low expectations so not hard to stand out. Salaries and benefits are very competitive. The data science grad scheme is exceptional, there is a really good stream of talent coming out of it.

Cons

LBG used to be a really good place to work but the new leadership are extremely regressive. They're insisting on mandatory office attendance quotas, no longer supporting compressed hours working patterns and generally don't seem to care about wellbeing anymore. There is now an enormous brain drain as experienced colleagues leave for better opportunities elsewhere. Their tech strategy is essentially betting the house on "leapfrogging" the competition with genAI, despite the fact that they are about 5 years into a disastrous cloud migration, which is nowhere near complete. It is so difficult to get even basic stuff done with the state of LBG's platforms currently - it is completely delusional that LBG could somehow become an industry leader in the field of AI. Restructures and redundancies happen like clockwork every few months. Even if your team is unaffected, chances are your stakeholders or supporting teams will be, so there is constant uncertainty and disruption.

1.0
Jun 27, 2024
Recommend
CEO approval
Business Outlook

Pros

Beneficial pricing schemes Great for graduates Free BUPA private healthcare Fake positive Glassdoor reviews from Seniors who were encouraged to counteract the negative reviews

Cons

Payrises lower than RPI Discrimination to colleagues from lower socio economic backgrounds, carers, mothers and those with disabilities All about who you know rather than what you know Permanent home working has been removed Bullying behaviour from Execs Managers who are under a lot of pressure and don't know how to look after their colleagues Corruption Risk Director saying that controls to safeguard colleagues and customers are prohibitive and should be removed (for bigger profit). Making people redundant if they can't work from an office twice a week due to health/caring commitments No career progression opportunities unless you're a graduate or come from an ethnic minority or can BS your way through an interview.

2.0
Aug 14, 2023
Recommend
CEO approval
Business Outlook

Pros

1. In my area, there is a lot of funding to acquire new qualifications (Cloud related); 2. Great team-mates; 3. Decent Pension package (up to 15% of employer contribution)

Cons

1. Compensation: The compensation is not competitive, especially considering this is a bank and not a non-profit or green energy/environmental organization. 2. Bonus Disparity: During the COVID-19 pandemic, when the share price was around 20p, senior management received significant bonuses. In contrast, the rest of the staff did not receive any bonuses, despite the share price now having more than doubled. 3. Wage Gap: The bank promotes itself as socially responsible, yet there is a stark wage disparity. The salary ratio of CEO Charlie Nunn to a regular employee is 140:1, meaning for every £1 he earns, a regular employee makes only £0.007. 4. Cost of Living Support: The bank provided limited support during the Cost of Living crisis, offering £1,000 as assistance, which many found insufficient. 5. Work Culture: The workplace culture leans heavily on political correctness, which can be stifling for some employees. 6. Cultural Values: The company recently updated its core values to include inclusivity and sustainability . . . why?

Viewing 13 - 15 of 7,477 Reviews

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