Financial Services Compensation Scheme Reviews

some of the 'leadership' team are a law unto themselves, and have created a seemingly jolly alliance comedy double act despite bringing in a perpetual consultation that has most of the employees at risk at all times. And they seem completely unchallenged by the other members of the leadership team (inc the CEO). The constant restructuring is unbelievable, for a firm of only 200 people. Do not work here if you value stability in your working life. The scheme has latched on to the public sector 1% year on year pay rises, despite the continual message that FSCS is completely independent of government. Don't believe everything about the people team, some of them are lovely. But the lead and his angry rottweiller side kick are absolutely toxic. CEO has been very good but is approaching retirement and is considered a lame duck by many. The strength of his leadership over his exec team is extremely questionable. The leadership team is a charisma vacuum.

Typical public sector culture full of red tape... Highly political and hierarchical - executives not talking to the bottom of the ladder Little transparency Management not accountable for anything Blame culture No innovation Lots of conflicting, misaligned business rules that are not governed properly, lots of complexity No budget for training Miserable people, no team spirit High turnover in some teams No career progression - highly competent and motivated staff are rarely promoted by their managers and usually end up leaving Unrealistic expectations from management - they don’t want to admit that they haven’t got enough budget and/or that they misjudged the complexities