Tesco Bank Reviews

3.7

66% would recommend to a friend

(857 total reviews)
avatar

Gerry Mallon

71% approve of CEO

50% positive business outlook

Tesco Bank has an employee rating of 3.7 out of 5 stars, based on 857 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Tesco 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

857 reviews
3.0
2 Oct 2016
Recommend
CEO approval
Business outlook

Pros

Can be a good atmosphere if your face fits, not much else, decent social life if your into that sort of thing

Cons

High staff turnover, badly organised, no cross talk between project areas so they keep tripping over each other's feet, amazingly lax attitude to putting products live that aren't 100% tested and working. I've seen a couple of people hung out to dry over project failures by senior people to cover their own arses, but they were doomed from the start due to insufficient prep and requirnents , maybe I hit a bad seam but a lot of the people I'm working with either are leaving or want to,

1.0
26 Nov 2017
Recommend
CEO approval
Business outlook

Pros

Locality of office in Glasgow City Centre The genuine hard workers that work there.

Cons

A "bank" being ran as if it's a supermarket. Policy and procedures the same as in stores. Everyone who starts at Tesco "Bank" is given a CSR title regardless what role they work. This is no accident, this is so they can do what they please with you and give you a nominal CSR salary. When Tesco "Bank" first started hiring they got it badly wrong, they would hire people and offer them whatever it took to get them in the door. No structure to pay, no reasoning to paying someone more or less for the exact same role. That had now created a huge discrepency in pay throughout the company. They have now realised this but it's too late but still haven't sorted it. You still have people starting on a wage higher than those who are in the same role for years. Also you have employees who tuped over from RBS on over inflated salaries which isn't there fault but causes a culture of lazy self intitled workers. Management has no structure to it. No actual support for managers or development program to train them. I don't blame Team Leaders for being as poor as they are because they don't get the support or help. Most of them have been cherry picked by ex tsb managers to do there work for them in the team for "development". The majority of managers are not capable of there core responsibilities, coach, mentor, develop and motivate. Disaplinary policies in the company are decent but not being utilised correctly by management, main the absence policy. If you are ligitamily unwell for more than 3 days you could face a formal sanction. No support for unwell colleagues or colleagues with long term medical problems. Mental health issues is a huge issue in the company. 70% of absence is attributed to this and the management team do nothing to support this or make a difference.

1.0
29 July 2015

Poor leadership

Recommend
CEO approval
Business outlook

Pros

A real desire to innovate, and some great people who've put their hearts into building a bank.

Cons

IT leadership is weak and slow to react, and has allowed the function to slip into a spiral of decreasing morale, uncontrolled attrition and with huge gaps in key knowledge. Looking on the bright side, work-life balance is now great, as no-one cares enough to do more than the minimum.

Viewing 1 - 3 of 857 Reviews

Glassdoor has 919 Tesco Bank reviews submitted anonymously by Tesco Bank employees. Read employee reviews and ratings on Glassdoor to decide if Tesco Bank is right for you.