- Highly bureaucratic culture.
- There are more people talking than people working.
- Employees are treated as resources not human. You are expected to do whatever you are told, don't ask why.
- Long hours but don't expect any overtime pay.
- Performance and pay are not correlated. Annual performance evaluation are pointless and insincere.
- Salary is below market average. Large chunk of bonus goes to senior management.
- Loads of politics.
- There is no long term vision and strategy from senior management. Direction changes every couple months.
- Management tends to set unrealistic goals, creating a very stressful working environment.
- More and more jobs are being transferred to developing countries.
- Limited career advancement opportunity.
- Most senior positions are filled by managers seconded from other countries. These positions are only 2 years in length, hence these managers won't bother with developing people.
- One can basically find all the bad examples and general problems discussed in an Organization Behavior textbook right here in HSBC.