HR sends managers to training sessions saying that pay for performance and retention are priorities. However, they then give us budgets that are the complete opposite of that. Top performers get bare-bones raises. The excuse is that there is just no budget. Yet we have millions available for stock repurchases and further acquisitions.
The executive team seems to have forgotten that we are a software development company, instead focusing on PR stunts designed to make the stock price go up. Yet, they completely overlook very obvious gaps in their strategy, but they continue to make decisions behind closed doors. The executive team does not listen to any feedback from their management. They go through the motions that they care, but then fail to change anything.
An investor even called this out- asking the CEO why the Heritage AspenTech line of business, which Antonio has been over for the longest, is doing the worst? The answer: Antonio wants to gatekeep everything and reward his pals on Wall Street. But he will never listen to ideas his managers have, and he will not involve us in any decision making. The numbers prove it.
The result? Top performers leave because they're not heard nor compensated for the results they deliver. AspenTech is then left with a management team that has zero passion or acumen for driving excellence. There are too many people with a Director title or higher that are incapable of driving any change.
Also they are very obviously outsourcing US jobs to Mexico. But yet don't have the courage to admit that.
