A tale of two companies - Anonymous employee Citco Employee Review

Double standards everywhere. Penny pinching mentality for lower staff while shameless extravagance of senior staff is obvious. The travel policy summarises how some people are more important than others, if you can work out what level you are. In most areas there are clear days every month that you can't take off. But you see directors and senior managers running out early in these same times. Many people are employed based on a story of "management" roles and great opportunities. Nobody is allowed do anything and this becomes very frustrating. Staff with longer service seem happier. New people are put down because they "don't understand the Citco way". Huge turnover of staff causing a real problem and remaining staff being expected to work longer to fill the gaps. Toxic management styles mean that appalling treatment of staff is normalised. Huge fears as work is being migrated to Manila, Vilnius, Munbai and there are plans for another site in India. Stupid performance management process that goes on over 6 months is totally meaningless and results in paltry or no increase or bonus. HR is probably even more dysfuntional than any other department as trying to hire staff requires several of the sub departments of HR to get involved. Apparently there's a HR strategy for Glassdoor to try and make it sound better. Recent announcements that it is a great place to work don't reflect my experience. A lot of my colleauges would agree. Limited opportunities for promotion due to new policy. Morale is poor.