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Decent place to work, but don't expect to grow

Software Developer
Current Employee
Has worked at HSBC for 20 years
April 4, 2023
New York, New York
3.0
Doesn't RecommendNeutral OutlookNo CEO Opinion
Pros

People I worked with at HSBC were all pleasant. Work-life balance was okay as well.

Cons

However, year over year there were no raises or any career growth opportunities. Management prefers to hire from outside over promoting internally. If you end up staying for more than a couple of years, you will fall behind the market on compensation.

Advice to Management

Consider changing your performance reward scheme. This has been the biggest demotivating factor of my tenure with HSBC. Even with strong performance ratings year over year, my compensation shrank. This is no way to treat loyal employees.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
4.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
1.0
Compensation and Benefits
3.0
Senior Management
1.0

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