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There has been much written about different types of GMT movements - let's see what I can remember.
The Omega and Rolex has true GMT movements. Yours is working as it should. The idea is to only have to set the hour hand without hacking the movment. I travel throughout the US every week. I will set my hour hand on the plane to my new time and my watch is on the money all the time. I keep my GMT hand set to Zulu time and rotate my bezel to track the time in Iraq - I'm in the Army.
This is the way a real GMT watch should work. Takes a while to set it so get a winder if you don't have one....
Brian
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