To end extreme poverty: By reducing the share of the global population that lives in extreme poverty to 3 percent by 2030. To promote shared prosperity: By increasing the incomes of the poorest 40 percent of people in every country. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. read more
The Bank is a culture of tribes, largely defined by business lines. The one I work in, HR, is exceptionally dysfunctional and poorly run. Senior managers lack leadership skills, knowledge of best practices, lack cultural awareness, and are unwilling to address egregious problems with bullying.
What is the best part about your compensation package?
It's very generous for corporate support functions, but has the effect of being "golden handcuffs".
What's going wrong and how can it be improved?
Clients complain routinely that we are arrogant, don't listen to their needs, and are extremely bureaucratic.
What would you improve about your company's interview process?
Keep applicants better informed of where they are in the process; notify them when they're unsuccessful, limit panel size, update interview questions and use more behavior-based approach.
What needs to change to make the company culture better?
Radical shift/replacement of long-time staff in leadership roles. People don't leave the Bank because of the amazing benefits and pay but then quickly lose their competitive edge and become complacent to preserve the dysfunctional status quo.
What do your coworkers need to improve and how could you work together better?
Most co-workers aren't trained in HR or don't stay current on how to implement best practice, or don't care. Most will not question bad behavior in the workplace and will go to lengths to cover up mistakes, often by deflecting blame.
What does the leadership team need to get better at?
Identifying key skills needed for the business, how to evaluate and leverage skills of onboard talent, how to recruit managers with people management skills, how to develop talent, how to address conflict, how to work toward the organization's best interest rather than internal politics.
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