HSBC reviews

3.8

72% would recommend to a friend

(28,244 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 28,244 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
3.0
Apr 13, 2009
Recommend
CEO approval
Business Outlook

Pros

HSBC offers a great benefit package with several choices on medical insurance / drug coverage. Tuition reimbursment is also offered. The work is interesting and keeps me thinking and learning. There is opportunity for posting into different positions in order to keep on learning and growing. There are recognition programs in place which help to stimulate that competive spirit. Training for the entry level positions such as collections, credit and Customer Care have evolved over time to be best in class.

Cons

Income growth is limited by a rather stingy pay for performance policy. There is a curve grading system in place for yearly reviews. This works well for large departments such as Collections, Care. Not so good for smaller groups which are lumped in with larger areas who do not do comparable work. For some no matter how well you perform your rating will not exceed average. Staff reductions when they have happened have not been handled in the best possible way.

2.0
Apr 6, 2009
Recommend
CEO approval
Business Outlook

Pros

Good work life balance. Low expectations and slow-paced culture. High tolerance for mediocrity. Most employees were not ambitious and did not aspire to grow or go 'above and beyond' or be proactive in their roles. These comments apply to HSBC Finance (the old Household organization located in Prospect Heights, IL, and not necessarily the parent company, headquartered in New York in the United States of America).

Cons

Very conservative organization. Hard to generate impact and results. Bias towwards running business as more of the same. Frustrating environment if excellence is important to you to achieve satisfaction.

3.0
Apr 5, 2009
Recommend
CEO approval
Business Outlook

Pros

Benefits are great. Retirement package changed drastically just before I was hired. Now it's nothing.

Cons

Morale is bad as upper management is out of touch with phone reps. I believe if they did the job even3 hours a month, they would have a fresh perspective. No wonder the turnover is 50% in good times. Now, only 33%? The VP message was good. Being a global company, what motivates US employees is not the same as someone elsewhere. We are different here in the US when it's all said and done. Information from higher ups is lacking. What you get is from rumor. You only find out what is new once you have violated policy/ procedure. Really lacking information circulation from where it needs to come from. I get my info from a rep who has ties to a former location. This rep is still in the loop there and that location requires mgrs. to be on the phones 3 hrs. a week. Now that is a true reality check.

Viewing 28135 - 28137 of 28,244 Reviews

Glassdoor has 36,648 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.