HSBC reviews

3.8

72% would recommend to a friend

(28,234 total reviews)
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Georges Elhedery

69% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,234 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 Finance industry (3.7 stars).

Reviews by job title

28K reviews
4.0
Aug 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Multipal opportunities to go progress globally Strong positioning (credit crunch has had a minimal impact on HSBC operations) Bonuses Flexibility with juggling personal / work life They have branches all over the world. Recognised brand

Cons

Communication between levels. Confused messages Sometimes you feel like a number

4.0
Aug 22, 2008
Recommend
CEO approval
Business Outlook

Pros

The people, atmoshphere and benefits are great! They really take good care of their employees and the people that that work within HSBC really care about one another. These two items together create a great atmosphere to work in across the comapny. At times even though it is a large worldwide company it has the feel of a small interlocked company. This has benefited all the employees by working together towards common goals. The most encouraging thing in the company is that all work together to navigate the challenges the economy has to throw our way. In recent years this has been a lot from the economy.

Cons

Due to the challenging ecomony we live in right now it makes for some very challenging times in the company. This has provided impacts at several levels. Downsizing and cutbacks, but who has not felt those recently. Change in company starategy that was forced upon us by the economy not by the true direction the company was looking to head. With that said is has limited the communication from certailn levels down across the organzation. this limited communication modle has helped contribute to lowered morale in the company. It may be a sign of the times we live in, but the result is not well aceppeted by the majority of the employees.

3.0
Aug 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Flexible benefits are improving. Contributory pension scheme is going to improve hugely in 2008. But the non-contributory pension scheme is being stopped (but thats no surprise). Strong team ethic where employees tend to help other employees readily. Information sharing is done as a matter of course. Truly want to be best bank for customers.

Cons

Big focus on using offshore resources whether they are right for the particular IT project or task. It's just a numbers game to senior management so much so that some projects just have 10/20 offshore developers sat around doing nothing, but so they can hit the ratio targets. Far too much red tape and paperwork. Not enough freedom given to employees to use initiative and do what is right rather than blindly following managements poorly thoughout strategy.

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Glassdoor has 36,635 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.