Lloyds Banking Group PLC (Europe)

Not big on change

Insiders call Lloyds Banking Group “a very, very English bank, or so it would like to be perceived as such.”  It can be “very slow to adapt to change.”  Some respondents also call it “silo-ed and political.”  But some workers think the culture encompasses the opposite end of the spectrum.  In what insiders described as a “progressive, intellectually challenging and entrepreneurial culture that embraces change,” hours are fairly flexible.  One trader “works the hours required to develop [himself] and [his] business,” in a 60- to 70-hour week.  Elsewhere in the bank, others work less than 40 hours a week and happily reveal, “There is no pressure to work long hours.”  Another insider notes the organisation is “very flexible, and offers compressed hours and flex-time.”  Benefits of working at the firm listed by staff include “six weeks’ paid holiday,” private health care and a gym membership discount.  A London-based trainee calls the firm “very conservative, yet innovative at the same time, with a constant quest for improvement.”  He goes on to praise the firm’s “good work/life balance.”