TSB Bank Reviews

3.5

60% would recommend to a friend

(841 total reviews)
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Marc Armengol

92% approve of CEO

40% positive business outlook

TSB Bank has an employee rating of 3.5 out of 5 stars, based on 841 company reviews on Glassdoor which indicates that most employees have a good working experience there. The TSB Bank 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

841 reviews
1.0
16 Dec 2018

I'm a TSB Partner... Get Me Out of Here!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

As previous reviews stated back in 2016 the culture was great, we were about changing the face of UK banking for the better... what happened? The hard working colleagues who actually pitch-in with what needs to be done. Good DC pension scheme. Good Annual Leave allowance, with the opportunity to purchase up to a week extra.

Cons

The spreadsheet bank. Post-LBG, managing processes informally using spreadsheets was acceptable for while... but 4 years down the line, really? It's just amateurish for multi-million pound organisation to not have proper systems in place. Annual leave is tracked via the 'back of cigarette-packet' arrangement, and the leavers the process is a spreadsheet, that generates an email saying "Jane Doe is leaving". It's beggars belief. There are small high street traders with employees you can count on one hand who are more organised. Internal IT systems are simply not fit for purpose - literally, you aren't provided the tools to do your job properly. They threw out the working LBG laptops for shoddy new ones, on system that frequently 'disconnects' and crashes. Not enough desks in the office. Salary is incredibly low for their City of London location - creating serious recruitment/retention issues. The whole 'benchmarking' process is broken: a position can be an easy ride in one department, whereas in another team colleagues are bled dry and burnt out - yet both are the same grade and salary. As a result, key talent regularly leaves for greener pastures when they are simply poached by competitors. The parent company Sabadell essentially pulls all the strings. If they say 'jump', and your reply is anything other than 'how high?' your work life will be made difficult. The previous point means a culture of bullying and nepotism has taken firm hold of the bank. Managers sabotaging their peers in petty ways, to make each other look bad... all at the expense of the bank and ultimately customers.

1.0
30 Jan 2019
Recommend
CEO approval
Business outlook

Pros

Nothing. Nothing at all about this place makes it a worthwhile place to work. I'd like to say "you can learn a lot here" but you'd never learn anything of value, except maybe how not to do things.

Cons

It's so poorly organised and badly run that its just a mess, from the top down. For any other company this kind of mismangement would count as gross misconduct, sadly here it's a weekday. Its filled with mindless middle management types who don't help, but can book lots of pointless meetings and repeat what the person in charge said in a way that gives the impression they have a clue. I wish I was making this up, but theres someone who'd only job seems to be sitting in the same meeting as the guy in charge and saying: "What I think he's trying to say is...." before repeating the key phrases from whatever nonsense has just been said.

5.0
5 July 2018

Demoralising

Recommend
CEO approval
Business outlook

Pros

My team were generally lovely. When I started with TSB, I couldn’t believe how happy I was. The people I worked with were supportive, respectful and very hardworking. I felt as though I was so lucky, like I had the best job in the world. I didn’t mind working longer hours. Then new senior management were brought in....

Cons

No longer allowed to show any individuality, if it wasn’t on a job card you are not allowed to do it without HoF approval, as a manager I found this utterly ridiculous. I have seen numerous negative interactions between SM/HoF and their staff (I even escalated through HR in one case). Undermining and very demoralising. I left when I did before I was on my SM’s “hit list”. Several had already resigned because they couldn’t take the talking down to, the constant requirement to justify every moment you spend in work, the total removal of any ownership/control, lack of respect etc.

Viewing 1 - 3 of 841 Reviews

Glassdoor has 917 TSB Bank reviews submitted anonymously by TSB Bank employees. Read employee reviews and ratings on Glassdoor to decide if TSB Bank is right for you.