Aldermore/Nepotism:
It's well known and a poorly kept secret that more than a few of the positive reviews about the bank on here are written by senior management and the teams that monitor the bank's profile.
One particular review defends the bank recruiting from the professional networks of senior staff saying its entirely normal. That's true, it is. But this is a bank that prides itself on being ethical and adhering to responsible banking principles. Whilst it might be normal, it doesn't mean it is right.
There is a perception that those employed from Aldermore (the CEO's previous employer) receive more favourable terms of employment and opportunities than those who don't. A good example is the wellbeing mentor programme - this was not communicated as an opportunity to the wider bank population. Needless to say there are 3 ex Aldermore employees out of 5/6 who are wellbeing mentors.
The most egregious use of the 'professional network' was the employment of a 'family member' of the CEO. Understandably this did not go down well with staff. Their employment showed either a lack of awareness from the CEO or a staggering amount of arrogance.
Wellbeing:
This was touted as a key area of focus in 2020 but really was just a case of the bank paying lipservice and much like the CSR structure, a glorified box ticking exercise. As an employer it lags far behind its peers in offering flexible working options to employees.
Unlike other banks, Gatehouse has not once specifically sought out the views from employees on the office/WFH split post pandemic. The bank was also, contrary to what is said in townhall calls, very late to introducing home working when the covid pandemic took over in March 2020.
Bullying:
From experience, complaints of workplace bullying are not taken seriously and are seen more as an inconvenience or an example of you being 'negative' and not 'can do' (one of the bank's values).
Diversity:
- an all male board and very few women in senior positions
- A diversity survey last year highlighted that 30% of employees think racist, sexist or homophobic comments are tolerated in the workplace. It is worrying that the bank has that many employees who believe bigoted comments are accepted.
- the recent press coverage of an employment tribunal last year highlighted some very problematic comments made by senior staff (astounding they were willing to make such comments on devices that everyone knows are recorded), especially given Gatehouse is an Islamic bank.
Career progression/salaries/benefits:
- There is a real disparity between the appetite to provide career progression dependent on which EXCO member your reporting line feeds into.
- Salaries below the market average - the bank offers lower salaries willingly with little interest to retain employees
- Benefits have been pulled back over the last few years - removal of critical illness over, increase in excess on health insurance