Australian Prudential Regulation Authority Reviews | Glassdoor.co.uk

Australian Prudential Regulation Authority Reviews

Updated Jul 16, 2019

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2.5
32%
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  1. "Good employer for those that lack ambition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Principal Analyst 
    Doesn't Recommend
    Neutral Outlook

    I worked at Australian Prudential Regulation Authority full-time for more than a year

    Pros

    +flexible work arrangements available +fixed work hours

    Cons

    +not a meritocracy +poor pay +limited career opportunities

    Australian Prudential Regulation Authority2019-07-16
  2. Helpful (1)

    "Great work/life balance but need to better recognise good employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at Australian Prudential Regulation Authority full-time

    Pros

    - Great work/life balance and flexible hours embedded in culture - Efforts made to have regular social events across the organisation - Meeting executive managers from regulated institutions as part of the job is always a highlight

    Cons

    - Rewards, recognition or promotions are often not given to the right people, so a lot of high performing employees leave - Politics amongst management is a problem. There are a small group of “influential” people and everyone else just nods to them. - Too much emphasis on “soft skills” and lack of support for development of technical skills. The benchmark for “good analytical skills” is quite low. - Culture (in... some divisions) of complaining about “too much work” when no one really does overtime. This means many good projects almost always get “reprioritised”.

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    Advice to Management

    - Hold the organisation to the same high standards that it expects of its regulated entities - Put more emphasis and support in training employees to have better technical skills - Career progression process needs an overhaul in better selecting the right people and promoting them in a more timely way - Management needs to have more courage to stand on their own two feet and challenge the “influencers”

    Australian Prudential Regulation Authority2019-01-08
  3. Helpful (6)

    "A regulator that has alot of issues itself"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Principal Analyst 
    Doesn't Recommend
    Negative Outlook

    I worked at Australian Prudential Regulation Authority full-time for more than 5 years

    Pros

    1. Job security. You can be very chilled & lazy without worrying about getting fired. 2. Attendance is the only valid KPI. You need to attend work, meetings & any other formal events, but that’s your only KPI. Others so called KPIs are only for show (but you need to at least pretend you are working/reading some documents at work) 3. Career Progression- although it’s super slow, as long as you stay in... the organization you will eventually become at least a Principle Analyst, or a Manager or even a Senior Manager. No matter how incompetent you are. 4. No criticisms - external parties would only say good things in front of you. No formal peer reviews. Auditing is nearly nonexistent (have worked there for years, never got audited for any of my work, same to nearly all of my ex colleagues there).

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    Cons

    1. Not a suitable work environment for skill & knowledge improvement. 2. Too much workplace politics. 3. Too many incompetent senior managers there (still have few competent ones though) They used to joke about an old lady (a senior manager) there that had neither analytical skills nor technical knowledge, but very picky about grammar & wordings. Since she has only worked in public sector, that’s why this... was the only thing she good at and got promoted because of that. I heard her team members have all left the team but I am not surprised. 4. System is old, management style is old feels like a dying regulator. 5. Senior managers and above are on contract but hardly get fired. 6. Putting the wrong senior managers at the wrong places. Senior managers with no knowledge/experience with SQL, Python etc have been placed into data analytics team. Senior managers with no knowledge/experience with super or insurance have been placed into DID (super or insurance team) and many more. 7. Some principal analysts & senior managers have no/very limited practical industry work experience.

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    Advice to Management

    1. Replace all incompetent senior managers. 2. Create a competitive environment. 3. Only recognize & reward true contributors. 4. Senior management team should implement their straregies to fix these konwn issues not just talks.

    Australian Prudential Regulation Authority2018-08-21
  4. Helpful (2)

    "Very Poor Management Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Principal Analyst 
    Doesn't Recommend
    Negative Outlook

    I have been working at Australian Prudential Regulation Authority full-time for more than 5 years

    Pros

    - It is a government regulator.

    Cons

    - Some senior managers have absolutely no/outdated technical knowledge, the only reason they could become senior managers was solely because they have been working at APRA for many years (many of them have only worked in government regulators with no practical industry work experience). - As these senior managers have no/outdated technical knowledge (many of them can’t even use computer properly), all they can... do is to sign off documents almost blindly. They completely rely on their senior analysts and/or principal analysts, sometimes even graduate analysts. - You can always see many people have worked or currently working here complain about the slow career progression. This is because of its culture which only awards those who have lengthy employee tenures. -As many other public sector agencies, the job itself is not challenging with very limited development in technical skills and knowledge. As a person who has been working here for a long time, I really wouldn't recommend anybody come unless they want to stay here until near retirement.

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    Advice to Management

    - There is a reason that all senior managers need to be on a fixed term contract basis. - Should conduct regular compulsory exams on senior managers' technical skills and knowledge. Those who fail the exams should be removed from their seats. -Needs to restructure to remove those senior managers who are incompetent or have no practical industry experience.

    Australian Prudential Regulation Authority2018-05-24
  5. Helpful (3)

    "No upward progression and poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook

    I worked at Australian Prudential Regulation Authority full-time

    Pros

    Generous workplace benefits, including unlimited personal leave and flexible working arrangements. Organisation puts resources into regular social functions for employees.

    Cons

    Lack of upward progression due to long tenure of employees and unbalanced ratio of analysts to management. Serious issues with the work culture. Management is uninterested and ill-equipped to aid employee career development. The organisation has acknowledged persistent issues with gender and racially based harassment, and is struggling to deal with these issues in a satisfactory way.

    Advice to Management

    Set an example by firing managers who bully and harass their employees. Invest significantly more resources in career progression and takea few risks in promoting under-recognised minority and female employees.

    Australian Prudential Regulation Authority2018-01-19
  6. "Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 

    I worked at Australian Prudential Regulation Authority full-time

    Pros

    Very good work environment with good learning experience and good people

    Cons

    unfairness in salary pay - lower than average compared to what's offered in market.

    Australian Prudential Regulation Authority2017-12-17
  7. "Senior Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sydney
    Doesn't Recommend
    Negative Outlook

    I have been working at Australian Prudential Regulation Authority full-time for more than 3 years

    Pros

    Work-life balance Some friendly people Knowledgable staff

    Cons

    Does not recognise high performers Poor pay

    Advice to Management

    Review HR policies and reward high performing staff. Promote from within

    Australian Prudential Regulation Authority2017-12-15
  8. Helpful (2)

    "Very slow career progression"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook

    I worked at Australian Prudential Regulation Authority full-time

    Pros

    1. Good reputation 2. Employees are polite

    Cons

    1. Work experience outside of APRA are being undervalued. Some people in APRA have never worked elsewhere but are still considered to be knowledgeable. 2. Slow career progression. Takes approximately 3-5 years to move to the next level. 3. Little delegation to senior manager. Career progression of team members is not considered to be part of their job. 4. Lower than market salary level and no recognition and... money for overtime hours

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    Advice to Management

    1. Should assisst employees in regards to career progression otherwise bright employees would eventually leave the organization. 2. Should value people with external work experience. Especially those who that have worked in private sector and/or have worked overseas

    Australian Prudential Regulation Authority2017-11-30
  9. Helpful (2)

    "Nice people, unchallenging and unrewarding"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Senior Analyst in Sydney
    Doesn't Recommend

    I worked at Australian Prudential Regulation Authority

    Pros

    Great work-life balance Friendly culture and people

    Cons

    Lack of challenging or interesting work Little delegation to senior manager or below Inertia and malaise among middle management Lack of promotion opportunities

    Australian Prudential Regulation Authority2017-04-17
  10. "Well regarded outfit"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sydney
    Recommends
    Positive Outlook

    I have been working at Australian Prudential Regulation Authority full-time for more than 10 years

    Pros

    Interesting work, passionate and knowledgable people, range of flexibility allowed,

    Cons

    Lack of leadership at times and very hands on management

    Advice to Management

    Let the staff own more of the work

    Australian Prudential Regulation Authority2017-04-11
Found 17 reviews