Bank of England Reviews

Pros

You dont have to do much work compared to other companies.

Cons

Almost too relaxed, getting people to do their day job can be hard work

Pros

Iconic building CV booster - get this on your CV and Linkedin, people come to you Canteen HO - quite good Element of flexible working from home - governors doing best to stop this gradually though

Cons

10 years poor pay (ASR) reviews Nil or 1% if fortunate, challenge is now since I joined my pay is greatly reduced in relation to RPI CPI This year - 1% when inflation was 3-4%, then not long after jumped to 10% plus. Enough is enough, cannot remain with annual effective pay cuts Nepotism - jobs for the ladies... minorities.. mates. People get jobs not even advertised... disgraceful really New people director - churning over same stuff Regional offices - clearly aiming to push roles outside of London for cheaper pay, maybe why London based people feeling more and more disdain Attrition on the up Green badges (contractors) all over the place, reaping in the cash whilst loyal workers pick up crumbs

Pros

Interesting work. Bank name well regarded on CVs. During the pandemic they treated their people fairly and prioritised their well-being but this has now eroded in the living with covid phase.

Cons

Pay is dismal. Year after year of considerably below inflation increases even for top performers. Even prior to the inflation crisis you actually had to progress to next level of seniority (through open market application, not in-house promotion which has been done away with) just to keep your pay with inflation. You are restricted to applying to new roles a maximum of one grade above your current role and aren’t allowed to move for 2 years after starting in a role. This means that it is almost impossible to ever increase your salary when inflation is taken into account even with promotion you are doing more work and gave more responsibility for effectively less pay. Top level management takes advantage of peoples good will which has left staff exhausted and demoralised. Prior to the Covid lockdowns the Bank was a far more flexible for its workers than other companies which was a real selling point but now in the living with covid times it is middle of the pack. Diversity and Inclusion focuses on women and race. All other groups, some of which are experiencing significant discrimination and surveys show have even worse outcomes than women and race, are either ignored or words of encourage said but no action taken.