Transact Reviews

Pros

- Good career opportunities in promotions and secondments to other departments. - Very good, in-house systems which are constantly updated to adapt to the changing business. - A very friendly working environment - Good training for somebody relatively new to pensions, bonds etc, and supportive peers for continuous learning. - Lots of opportunities to become a Subject Matter Expert, specialising in an area of the business....

Cons

No major ones that I can think of

Pros

Good salary, central location near tube/trains.

Cons

Since the IPO, the culture of innovation, collaboration, personal progression, passion and knowledge sharing has been replaced by one of hierarchy, fiefdoms, and just keeping the investors, auditors and bean-counters happy. Management prefer to take the least risky path rather than listen to ideas from their workers. Knowledge, experience and enthusiasm are not respected. The attitude has changed from "figure out how...

Advice to Management

Encourage independent thinking and listen to the staff at the coalface, rather than dismissing them out of hand. Take more risks rather than following a misguided concept of "everyone else in finance does X/Y/Z". Look at the roots of the company and what made it so successful in the first place instead of snoozing on the pile of trophies.

Pros

Varied role with opportunity for progression Benefits and Bonus good Striving to offer the best service compared to competitors

Cons

Candidates already earmarked for internally advertised job roles Easy to be overlooked by senior management due to operations team size

Advice to Management

Have a more open approach when hiring internal, access all candidates applying and not just those who you’d looked at before offering the role

Pros

- Interview process was very straightforward and quick. Applied for the job on a Tuesday and had a formal job offer by Friday. Was made to feel very comfortable by recruitment team throughout. - Induction Process. Everyone at Transact is assigned a 'buddy' when they join, who helps them to get up to speed with the daily tasks. You progress at a good speed without ever feeling like a rabbit in the headlights. Opportunity...

Cons

- Not much to say here. Work can vary from day to day, some days are very manic whilst some days there's not a lot to do but that's the nature of the industry.

Advice to Management

Keep up what you're doing! The company culture/lack of any hierarchy was a pleasant surprise when I joined and definitely a big part of Transact's success in my opinion.

Pros

- Friendly staff and working environment - Great salary and bonus - Share incentive scheme - Well located and equipped office - Room to progress and learn new skills

Cons

- none that I've come across!

Pros

The people are great, and thew company has good values and a good vision.

Cons

Too much work for too few staff means the standards of the service are slipping. Senior management have their way of thinking and it creates a line of processing robots.

Advice to Management

Listen to staff

Pros

- Good training & steep initial learning-curve. A good place to gain a high-level understanding of UK intermediaries. - Reasonable remuneration for operations role although they'll take their pound of flesh & competition pay more. - Great office in prime location. - Strong industry reputation which looks good on CV. - Good systems.

Cons

- Highly stressed, negative and frankly unwell workforce. Two of my immediate colleagues were signed off for long-term stress during my time in the business. Management will happily pressure staff into this situation and then unapologetically manage them out once they reach it. I resigned long before this happened to me. - Learning fully curve plateaus after 1 year. - Middle management are patronising, anti-intellectual,...

Advice to Management

Great business model but comes at the expense of young, ambitious people. You will continue haemorrhaging the talent you attract unless you improve the working environment for those joining in industry.

Pros

Lots of exposure and solid training when you first start. Decent bonus and salary for fairly easy job.

Cons

Hard to move upwards