Citicorp IT & Information Security Department Salaries in Chennai

Likes

Prior to covid it had good pay structure and compensation

Dislikes

Apparently the bank is undergoing layoff and unprecedented times,the toxic work culture and less than 5% hikes across the organisation is causing tremendous stress.It has lost its charm, although the investors are hopeful but employees have lost hopes , uncertainty prevails. Senior mgmt lacks vision and strategy to handle crisis and reinstate firms reputation

Likes

1). Compensation is very good, appraisal is also good, bonus component paid is also decent compare to others banks. 2). Learning exposure is good. As you will learn because you get very critical environment to work, which gives you responsibility as well as learning. 3). Learning involves functional as well as technical.

Dislikes

1. Work life balance, This is the area where company needs to improve a lot. Strong policy and firm determination required to stop work on extra hours and on weekend working. 2. Flexible basket allowance should be applicable for all bands. 3. Documentation and SOP, central document repository should be there, so that process and some key/Imp things can be documented, which is helpful for any new person to learn and start things faster. Also avoid dependency.

Likes

...raging employees to explore the Career Options within Citi and for the benefits. Citi had offered a very good pay scale that I respect and would always cherish. Several Training Program offerings to upscale the employees is a consistent initiative within Citi which is a definitely very good sign.

Dislikes

When an employee wish to raise a concern genuinely, it needs to be addressed. Employee EXIT Survey Feedback shouldn't be blocked to prevent employee from providing feedback. Unfortunately in my case, it had been blocked to prevent me from raising the serious concerns. Despite highlighting it to HR partner, the matter had been lingering till my last day. When a business unit is spanned geographically, every zonal team should respect Time zones of each other. Unfortunately, my manager at London had completely disregarded and disrespected it. Hiring a person for certain skill-sets and later pressurizing him to take charge of a different activity which may deviate him from his career path, is an absolutely wrong practice, which had been cultivated by my London manager. Forcing an employee to resign by threat of enforcing PERFORMANCE IMPROVEMENT PROGRAM is an another ugly tactic I had faced with my London Manager. Sabotaging an employee's work and reputation is an another ugly practice followed within my team, that I had witnessed and experienced. London Team manager had not bothered to stop it and had rather continued with silent support. To my unpleasant surprise, such an highly objectionable individual, my female manager at London, is still employed and retained by Citi.

Likes

Compensation is much better than the market standard Prior to reorganization(mid-2024), the work environment was fine, offering good work-life balance Employees were treated accordingly to their roles and experience

Dislikes

After reorganization, only onsite position/team members are considered for lead, manager, principal engineer, with onsite role preserved due to senior management being based there most of the work is done by offshore, but it is projected only onsite employees contributed because to safeguard their role and senior management wants to be in saved position Offshore employees are treated like subordinates to onsite employees, even at the VP level Employees with 18+ years exp are treated and compared with juniors who is having less than 4 years exp Employees are under immense pressure, indirectly being forced to resign Suggestion to Management conduct a voting/poll among existing employees to determine who is willing to opt for voluntary retirement or leave with severance pay instead of using phycological pressure to force self-resignation

Likes

Citi has multiple initiatives to help employee skill themselves, also it provides good compensation to right candidate who is at right place at right time.

Dislikes

It's advantage of having options for employees to skill themselves remains a distant fruit to most of starting or mid level workforce as most of those spend maximum of their time and overtime working/supporting daily application. Have got the same feedback from most of people. So after spending some 3-5 years with organization there is high probability that you would feel lagging behind your other friends working in similar organization and would feel difficult to switch.