ANZ Bank Employee Reviews about "restructures"

Updated Nov 11, 2020

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Found 55 of over 3,053 reviews

4.1
85%
Recommend to a Friend
94%
Approve of CEO
ANZ Bank CEO Shayne Elliott
Shayne Elliott
1,176 Ratings
Pros
  • "Flexible working environment with great collaboration(in 167 reviews)

  • "They actually promote flexible working(in 129 reviews)

  • Cons
  • "Frequent restructures then they will just revert back to what things were(in 56 reviews)

  • "Diversity within senior management could be improved(in 48 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "restructures"

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    1. 5.0
      Former Employee, more than 8 years

      Making progress slowly

      Apr 9, 2019 - Human Resources Consultant in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great flexibility Focused development Opportunity to learn and grow Will be leaving ANZ shortly but I have had a great career here. It has been a great place to learn and grow and I have had some amazing and supportive managers who have really helped me to develop and for them I will be grateful.

      Cons

      Too many restructures & uncertainty but it is getting better but too much red tape. Hope they continue to drive for the changes they are looking for.

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      ANZ Bank Response

      Talent Aquisition Specialist

      Thank you so much for your encouraging words. It's great to know that our managers have been supportive of your career throughout your stay. We wish you all the best in your next endeavor!

    2. 3.0
      Current Employee, more than 8 years

      Working at ANZ

      Nov 11, 2020 - Financial Planning Associate (Paraplanner) in Sydney
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Life and work balance, flexibility and perfect location

      Cons

      Lots of restructures depending on the business you work

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    3. 3.0
      Current Employee, more than 5 years

      Great work/life balance.. but think twice about working in Technology.

      Jun 29, 2020 - Chapter Lead - Engineering in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - The company has great work/life balance - perfect for those people planning or already with young families. - The company response to COVID has been uniform and cohesive. - The opportunity to grow and develop skills is quite unique for a large organisation, especially at junior levels. - There are plenty of juicy challenges to tackle for entrepreneurial types - Pay is higher than the rest of the market, especially for Melbourne. - Flatter management hierarchy has been excellent at conveying information. - Some teams are working with some really good technology and are doing some interesting work.

      Cons

      - Chapter Lead model doesn't really work. Don't expect to be very hands on as a chapter lead. Most of the time you will have lots of people responsibilities at the expense of your skill development. - Product Owner model doesn't work. Product Owners are mostly just ex Project Managers (of which ANZ had a lot of pre Transformation). They are not well versed on how to build products for customers and work with design and engineering/IT teams. - As an engineer you are mostly working with vendors alongside you, which is fine but the permanent engineer culture is a bit weak. - Most of the organisation is still quite tribal with everyone trying to outshine each other. Collaboration and Trust across divisions is low. Voluntary redundancy cleared out the better talent in 2018 and left a lot of dead wood which got promoted during the last restructure. - Most of the technology used to perform our jobs is getting quite old. Use of new tools or technology like Miro, Trello or Slack are frowned upon. The use of cloud services like AWS or GCP is nascent but slowly becoming available. - The culture has regressed more recently (2020) towards being more bureaucratic rather than autonomous. - There is a culture of white anting at senior and mid management levels for those that are seen to put their head above the parapet.

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      2 people found this review helpful
    4. 3.0
      Former Employee

      Uncertainity

      Sep 20, 2020 - Operations Specialist in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Remuneration Had some very good managers but they were made redundant.

      Cons

      Too many restructures Some managers can create a toxic environment. Too much uncertainity

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    5. 1.0
      Current Employee

      Was a good place to work for until John McFarlane left.

      Jun 4, 2020 - Small Business Banker in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -Top 4 bank and possible opportunities for international roles. -If you're based in Melbourne the head office is in Melbourne so opportunities to network and move to other roles. -Work/Life balance to some extent however being eroded by increasing micro management and constant unproductive meetings in certain pockets that takes time away from doing your work and interacting with customers.

      Cons

      -The constant restructures and changes in strategy has led to great staff leaving, ancient and disparate systems. -I have observed many experienced staff not treated with respect but often lip service, lack of transperancy with job roles, promotions. Too many managers that are "yes men" to senior managers but cannot manage people being kept on and those that helped staff and customers most pushed out. I have observed this senior manager promoting his own people on ethnic lines. -Despite the Royal Commission the bank has not learnt and despite the KRAs places the biggest emphasis on drawdowns only despite the lip service around needs based conversations. Recent restructure initiated by the new management in small business clearly demonstrated this. -The business used to focus on balance sheet management and took into account the differences with the portfolios and states and focus on service however now increasingly it is about drawdowns only and not customers or equitable treatment of employees. Many are gaming the system and being rewarded. -Staff continually directed to undertake annual leave amidst covid yet management saying it's business as usual now and focusing on drawdowns yet assessors are on leave resulting in increased wait times. -Offshoring has resulted in clearly worse outcomes for customers and employees. Rework and appeals required to get things done due to lack of understanding.

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      1 person found this review helpful
    6. 4.0
      Current Employee

      ANZ

      May 19, 2020 - Investment Banking Associate in Sydney
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Generally good culture & people

      Cons

      Promotion freezes and regular restructures

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    7. 5.0
      Current Employee

      Broker Manager

      Apr 5, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible working hours, great income, great workplace environment,

      Cons

      Restructures appear to happen far too often.

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      ANZ Bank Response

      Talent Aquisition Specialist

      Thank you for your feedback!

    8. 2.0
      Former Employee

      Does not embrace change or encourage initiative

      Nov 27, 2011 -  in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The salaries and benefits of working at ANZ are excellent. The facilities in some areas are very good and it's a good place to be exposed to large numbers of specialists in one field.

      Cons

      There is a great deal of focus on "how" things are done here rather than the actual outcomes achieved. People seem to be rewarded for 'box-ticking' rather than actual achievement. In my experience it was very difficult to find hard data and implement solid measurement to support decision-making and change, which shocked me as someone new to banking---I guess I expected this to be a place with a genuine respect for numbers, but I didn't see that. Despite two relatively recent restructures, there still appeared to me to be far too many chiefs and not enough 'do-ers'--- I encountered quite a few people who were "managers" with no direct reports or genuine managerial responsibility, which I guess is not a-typical of large organisations today. Overall, I encountered a lot of talented people relegated to doing menial and sometimes downright counter-productive things. For someone looking for a genuine challenge and the ability to make a difference, this is far from the ideal workplace.

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      1 person found this review helpful
    9. 3.0
      Current Employee, more than 8 years

      Business Design and Strategy Manager

      Dec 8, 2015 - Business Design Manager in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work life balance, actively promote workforce diversity, great staff benefits - staff discounts on banking products and good parental leave policy (even for male employees)

      Cons

      It's a traditional bank and runs like a traditional back, plenty of red tape everywhere, basically at least 40% of the jobs are there because of politics. It's extremely to get people moving on new initiatives, the bank wants to transform and run more like a high tech company such as Apple, but unfortunately I don't see the bank can achieve that goal with so much dead wood throughout the organisation.... If you are looking for new challenges and something exciting, I don't think banking is a right place for you in general... But it does suit those who wants good work life balance and a somewhat stable job (ANZ usually restructure on an annual basis.... Certain department gets restructured less than the others)

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      3 people found this review helpful
    10. 3.0
      Former Employee, more than 3 years

      Mixed

      May 27, 2016 - Senior Manager Digital in Melbourne
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great employee benefit, okay culture, work you long and hard. Lots of budget to do large scale things. Pays well. Team members are generally very nice. Lots of food and coffee choices. Great brand for your resume.

      Cons

      Extremely political, constant restructures, lots of dead wood who just want to retire and don't really care about moving the organisation forward, terriroty grabbing, lots of people who speak and well but not much doing. Lack of clear leadership. Promotion is also non evident. Greater tendency to bring external in for higher roles.

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      3 people found this review helpful
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