Pros
- Culture is definitely one of the biggest thing anyone will remember about LoyaltyOne. It cultivates open and engaged culture between associates, a lot of team building activities and encourages associates to volunteer and give back to society. Team members are really close and can hold on and trust each other. (At least in BT) - In the new agile model, everybody is team member and requires to do everything (basically full stack developer) and can learn a lot. - Using new technologies like Python, AWS, Spark, Scala, building a lot of API and trying to stay competitive in the tech industry. Your resume will be beautiful after coming out of L1 - You work with lots of smart young people, open to share knowledge - Trying to cultivate an open and honest culture (not sure if it's successful but at least trying) - Almost no OT
Cons
- Lacking career development path In the flatten BT structure, there is no title and no promotion. So it's really slow for people to develop within it (merit increase is 3%-5% at year end which is nothing as it hardly beats inflation rate). Higher management need to figure out a way to give people more motivation. You got the talented people and they are learning and contributing so much, you need to let them progress better than it is. Title does not matter but pay needs to reflect well of what people do. Sometimes you feel each person is doing 6 people's job(dev, qa, unix, dba, prod support, build & deploy) in a tradition IT world but they r not getting paid that well. - Pay is 20%-30% less than outside It's great for new graduate because they will be ok with low pay at the beginning and the strategy is to hire more new graduate/young people (60% of BT ,if not more, are in 20s). But if pay is not competitive with outside, Young smart people will leave in about 3 years. - Lacking good business model to generate more revenue Business needs to work hard to create new business model to generate better outcome for your customer which in return will generate more revenue to pay your talents inside. Otherwise it's not sustainable.