Auction.com reviews

3.8

67% would recommend to a friend

(304 total reviews)
avatar

Jason Allnutt

81% approve of CEO

53% positive business outlook

Auction.com has an employee rating of 3.8 out of 5 stars, based on 304 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Auction.com employee rating is in line with the average (within 1 standard deviation) for employers within the Real Estate industry (3.8 stars).

Reviews by job title

304 reviews
1.0
Jul 17, 2014
Recommend
CEO approval
Business Outlook

Pros

Lunch break... allows you to take a step back and get away from the madness.

Cons

Leadership team hires people with bloated resumes because the company is considered pre-IPO. An attempt to lure investors with those resumes but going through two CFOs in less than a year should tell you something. Pulls the plug on initiatives too quickly because the management team does not know how to lead. Employees are left working hard only to see their work become obsolete. Nepotism is thick. Old regime operates as a boys club (marine and/or alumni ties). New generation of VPs, or above level, also brings in their own pawns to gain power by numbers. Unstable environment, inept VPs, volatile industry. Focus is on commercial real estate so IPO dreams have ultimately passed. Volume in residential transactions have plummeted, hence the shift in commericl real estate. Dot com want to be because there are plenty of traditional real estate personalities in the company that are opposed to technology or have the "this is how it's always been" mentality.

3.0
Apr 25, 2014
Recommend
CEO approval
Business Outlook

Pros

1. Lots of growth 2. Disrupting the marketplace 3. Core vertical (commercial real estate group) has really great, intelligent, nice people working who resemble a team 4. That's about it

Cons

1. Company is run by senior leaders who may clinically have Schizophrenia (I will expand) 2. Senior management is involved in day to day minor details, even though he has hired qualified leaders to do the job. He is involved to the point of reviewing and signing off on simple expenses (ridiculous) 3. Senior management has an army of folks who dont actually think for themselves and just take marching orders. They often defy logic in terms of how they process their day to day functions 4. Senior managers are masters of delegation, and do not actually do much work themselves. This way, they appear as they are always doing something but actually don't do much other than take work done by others and stamp it with their names 5. Things change every day, every week, or every month. Again, senior leaders have what appears to be Schizophrenia so random people can sway the company's trajectory and plans over night 6. No transparency. Changes in title or pay seldom happen. And when they do happen, it takes almost 6 months and sign off from several layers of senior management. It's absurd and miraculous to see the engine keeps running with so much red tape and ridiculous bureaucracy

1.0
Apr 5, 2014
Recommend
CEO approval
Business Outlook

Pros

- good food on occasional free food - great market opportunity - fooled Google into investing - some good people that good lured to the company with many false promises - the company has become very good at letting people go

Cons

the culture of this organization is fundamentally broken by constant drumbeat of monthly layoffs. employees live in constant fear that they could be next and as a result there is no trust and it's impossible to collaborate. the policies of this organization are not conducive to being successful - from ridiculously draconian IT to CYA HR to burdensome mandatory training requirements, expect to be hamstrung and obstructed at every turn from trying to do your job. Oh and good luck trying to get travel approved, the president of the company has to personally approve that at least 2 weeks in advance. the owner/CEO is out of his depth - besides being an inauthentic leader, he goes through manic cycles of love-hate with his leadership team who cycle in and out of favor with him on a routine basis. As a result the entire organization suffers from organizational whiplash as the executive flavor of the month tries to push his agenda through the entire organization before he is let go or demoted in the next cycle. This paranoia reverberates from the executive ranks down to the rank and file of the organization.

Viewing 40 - 42 of 304 Reviews

Glassdoor has 319 Auction.com reviews submitted anonymously by Auction.com employees. Read employee reviews and ratings on Glassdoor to decide if Auction.com is right for you.