Household HSBC Watch

While I could literally fill up this entire website with a diatribe about employment issues at HSBC, I am going to try and focus on one area for now- my experience with their corrective action program. Just as HSBC bullies and pressures their customers into taking high interest and fee loans coupled with insanely high insurance premiums, they also bully their employees in the same manner in regards to production. When I left I had calculated that only 8% of the workforce was consistently hitting the standards of production deemed acceptable by corporate management.

This meant that the rest of the workforce was subjected to being placed on their corrective action program, which could lead directly to termination. Employees placed on this program, whether through verbal or written warnings, were treated as if they were incapable of doing their jobs simply because they could not meet the standards of performance that were quite frankly ridiculous in this market. Often times only a couple of sub-par performances in the span of 3 months could make even a top performer eligible for this list. Managers would harass employees on this list to the point where they just wanted to quit, because it was so frustrating to go from month to month wondering if you still had a job.