What are pay rises like at CMC Markets?

If you look at my reviews in Cons section, you can tell that I do not believe there is one good reason that exists to work for this company.

This review reflects my personal experience, as well as that of my colleagues across various departments. - The management is stuck in the past. Given how much has changed in recent years, they must stay up with the times rather than depending on outdated customs. - "YES" culture is the sole culture present at CMC. It is not acceptable for anyone to voice opinions, challenge the decisions made by managers, or voice criticism of any kind regarding the organization. - Managers and coworkers who are seeking to please high management for their titles will immediately label you as "NEGATIVE" if you voice criticism. - I choose this business because I believed that large corporations are dependable and well-established. This organisation has implemented three terrible redundancy programmes in the past 12 months. Although it may be a part of the essence of business, in the end, we must remember to act as HUMAN beings. - The CEO's hiring practices, which include being old school and only saying "YES" to things despite having forty years of experience, are the company's largest problem. - The organisation experiences a high turnover rate, with most employees leaving after just four to six months. So if you're seeking for work and thinking about applying at CMC, avoid it at all costs. If you decide to take a position, you will understand what I am trying to say here. - Due to redundancy and high turnover, everyone is handling the workload of 2-3 people without any recognition. Managers have started promoting the idea that if you're working at 100%, you should question yourself and strive to give 150% or 200%. This is the most outrageous thing I have ever heard in my career. - There is no career progression or growth at this company. Advancement depends on personal connections and group chat affiliations rather than your contributions in your current role. Your hard work and achievements do not influence your career advancement. - They offer no career development opportunities and provide zero training. Employees have to pay for their own training out of pocket. Despite advertising LinkedIn Learning, it is the worst option since all the courses are outdated, some being as old as ten years. - Managers here are indecisive and lack project management skills. You might agree on a project timeline, expecting delivery in eight months, only to receive an email overnight stating that it now needs to be completed in eight weeks. As a result, talented employees are resigning one by one due to these constant changes and mismanagement. - People aren't leaving this company to advance their careers; they are leaving because they are unhappy, depressed, or seeing a therapist due to work-related anxiety and stress. When you bring these concerns to HR or your manager, the only response you get is, "We provide phone support. You can call them if you feel unwell." But they will not do anything to change the situatuon. - There is no mental health support at this company. They show complete disregard for employees' mental well-being. - There is absolutely no work-life balance at this company. They forced everyone to return to the office with only three days' notice, causing significant issues for many employees who couldn't arrange childcare in time. However, this rule wasn't applied to everyone—those at certain levels or friends with upper management were allowed to continue working from home. - The salaries here are significantly below market standards. I recently secured a new role with a much higher pay increase and realized how much time I had wasted. Many employees have been stuck with the same salary for years, and some received only a meager $1,000 raise this year, despite the company laying off around 400 people. It's an absurd situation. - No one exceeds expectations in their performance reviews here. Even if you give your all and achieve a lot throughout the year, department managers instruct line managers to cap ratings at 3 out of 5. A rating above 3 would warrant a pay raise and promotion, which the company is unwilling to provide. - In the past six months, they implemented a new restriction requiring everyone to be in the office by 8:30 a.m. and to stay until at least 5:30 p.m. - They began micromanaging by introducing arbitrary KPIs that require employees to submit activity reports every two hours.

If you look at my reviews in Cons section, you can tell that I do not believe there is one good reason that exists to work for this company.

This review reflects my personal experience, as well as that of my colleagues across various departments. - The management is stuck in the past. Given how much has changed in recent years, they must stay up with the times rather than depending on outdated customs. - "YES" culture is the sole culture present at CMC. It is not acceptable for anyone to voice opinions, challenge the decisions made by managers, or voice criticism of any kind regarding the organization. - Managers and coworkers who are seeking to please high management for their titles will immediately label you as "NEGATIVE" if you voice criticism. - I choose this business because I believed that large corporations are dependable and well-established. This organisation has implemented three terrible redundancy programmes in the past 12 months. Although it may be a part of the essence of business, in the end, we must remember to act as HUMAN beings. - The CEO's hiring practices, which include being old school and only saying "YES" to things despite having forty years of experience, are the company's largest problem. - The organisation experiences a high turnover rate, with most employees leaving after just four to six months. So if you're seeking for work and thinking about applying at CMC, avoid it at all costs. If you decide to take a position, you will understand what I am trying to say here. - Due to redundancy and high turnover, everyone is handling the workload of 2-3 people without any recognition. Managers have started promoting the idea that if you're working at 100%, you should question yourself and strive to give 150% or 200%. This is the most outrageous thing I have ever heard in my career. - There is no career progression or growth at this company. Advancement depends on personal connections and group chat affiliations rather than your contributions in your current role. Your hard work and achievements do not influence your career advancement. - They offer no career development opportunities and provide zero training. Employees have to pay for their own training out of pocket. Despite advertising LinkedIn Learning, it is the worst option since all the courses are outdated, some being as old as ten years. - Managers here are indecisive and lack project management skills. You might agree on a project timeline, expecting delivery in eight months, only to receive an email overnight stating that it now needs to be completed in eight weeks. As a result, talented employees are resigning one by one due to these constant changes and mismanagement. - People aren't leaving this company to advance their careers; they are leaving because they are unhappy, depressed, or seeing a therapist due to work-related anxiety and stress. When you bring these concerns to HR or your manager, the only response you get is, "We provide phone support. You can call them if you feel unwell." But they will not do anything to change the situatuon. - There is no mental health support at this company. They show complete disregard for employees' mental well-being. - There is absolutely no work-life balance at this company. They forced everyone to return to the office with only three days' notice, causing significant issues for many employees who couldn't arrange childcare in time. However, this rule wasn't applied to everyone—those at certain levels or friends with upper management were allowed to continue working from home. - The salaries here are significantly below market standards. I recently secured a new role with a much higher pay increase and realized how much time I had wasted. Many employees have been stuck with the same salary for years, and some received only a meager $1,000 raise this year, despite the company laying off around 400 people. It's an absurd situation. - No one exceeds expectations in their performance reviews here. Even if you give your all and achieve a lot throughout the year, department managers instruct line managers to cap ratings at 3 out of 5. A rating above 3 would warrant a pay raise and promotion, which the company is unwilling to provide. - In the past six months, they implemented a new restriction requiring everyone to be in the office by 8:30 a.m. and to stay until at least 5:30 p.m. - They began micromanaging by introducing arbitrary KPIs that require employees to submit activity reports every two hours.

If you look at my reviews in Cons section, you can tell that I do not believe there is one good reason that exists to work for this company.

This review reflects my personal experience, as well as that of my colleagues across various departments. - The management is stuck in the past. Given how much has changed in recent years, they must stay up with the times rather than depending on outdated customs. - "YES" culture is the sole culture present at CMC. It is not acceptable for anyone to voice opinions, challenge the decisions made by managers, or voice criticism of any kind regarding the organization. - Managers and coworkers who are seeking to please high management for their titles will immediately label you as "NEGATIVE" if you voice criticism. - I choose this business because I believed that large corporations are dependable and well-established. This organisation has implemented three terrible redundancy programmes in the past 12 months. Although it may be a part of the essence of business, in the end, we must remember to act as HUMAN beings. - The CEO's hiring practices, which include being old school and only saying "YES" to things despite having forty years of experience, are the company's largest problem. - The organisation experiences a high turnover rate, with most employees leaving after just four to six months. So if you're seeking for work and thinking about applying at CMC, avoid it at all costs. If you decide to take a position, you will understand what I am trying to say here. - Due to redundancy and high turnover, everyone is handling the workload of 2-3 people without any recognition. Managers have started promoting the idea that if you're working at 100%, you should question yourself and strive to give 150% or 200%. This is the most outrageous thing I have ever heard in my career. - There is no career progression or growth at this company. Advancement depends on personal connections and group chat affiliations rather than your contributions in your current role. Your hard work and achievements do not influence your career advancement. - They offer no career development opportunities and provide zero training. Employees have to pay for their own training out of pocket. Despite advertising LinkedIn Learning, it is the worst option since all the courses are outdated, some being as old as ten years. - Managers here are indecisive and lack project management skills. You might agree on a project timeline, expecting delivery in eight months, only to receive an email overnight stating that it now needs to be completed in eight weeks. As a result, talented employees are resigning one by one due to these constant changes and mismanagement. - People aren't leaving this company to advance their careers; they are leaving because they are unhappy, depressed, or seeing a therapist due to work-related anxiety and stress. When you bring these concerns to HR or your manager, the only response you get is, "We provide phone support. You can call them if you feel unwell." But they will not do anything to change the situatuon. - There is no mental health support at this company. They show complete disregard for employees' mental well-being. - There is absolutely no work-life balance at this company. They forced everyone to return to the office with only three days' notice, causing significant issues for many employees who couldn't arrange childcare in time. However, this rule wasn't applied to everyone—those at certain levels or friends with upper management were allowed to continue working from home. - The salaries here are significantly below market standards. I recently secured a new role with a much higher pay increase and realized how much time I had wasted. Many employees have been stuck with the same salary for years, and some received only a meager $1,000 raise this year, despite the company laying off around 400 people. It's an absurd situation. - No one exceeds expectations in their performance reviews here. Even if you give your all and achieve a lot throughout the year, department managers instruct line managers to cap ratings at 3 out of 5. A rating above 3 would warrant a pay raise and promotion, which the company is unwilling to provide. - In the past six months, they implemented a new restriction requiring everyone to be in the office by 8:30 a.m. and to stay until at least 5:30 p.m. - They began micromanaging by introducing arbitrary KPIs that require employees to submit activity reports every two hours.

Social life is fantastic. Offer slightly above average training

Slow progression, small pay increases once you're in the company

Company culture was great! Supportive team leaders/team coaches. Free coffee and breakfast was a positive. Occasional free lunches based on performance.

Where to start! ● Outdated CEO (My Way or the highway) teaches senior management to be exactly the same. Time for a major remodel and structural change. The my way or the highway routine is so far outdated there are age rings dating back to the 70's and 80's (before CMC was brought into existence. ● too strong of a mircomanagerial influence where over expecting and under delivering are a serious issue. ● Lack of career development due to massive lay-offs and redundancies. Seeing that a friend or close colleague could be next is seriously disheartening. ● Overly egotistical, uncompassionate senior management, (mental health takes a back-seat over performance) ● Relatively incompetent HR who focus more on protecting the companies interest then retaining strong hard working individuals, so backwards. ● Serious lack of overall career development, basically if a position opens up, you can apply but with little to no luck if you don't know anyone or if you seriously beg to be moved internally. ● poor structure and management brought on by the micromanagement which creates a massive layer of disconnection. No 1:1 with managers to get an eye on your individual performance. ● Management are too political, promotions based on management bias and friendship, not on performance which for a company of such global influence and stature is depressing. ● Extremely low pay with terrible annual review structure seeming to be set in the dark ages.

Glad I read reviews here before I started, low rating reviews were true. Free breakfast and coffee, Clean modern office. Good technology, a few great people (but they quit).

Inexperienced staff, not from industry. Managers ignore you, go missing through day. Toxic management. Favoritism, lowest salary in industry, low staff moral, 'yes boss' culture, recruiting new staff every 3 weeks. Existing staff had to figure it out themselves. Customers always screaming at you.

A Well organised team structure and a culture that foster collaboration

Salary not in line with market rate. Very demanding organisation.