Block reviews

3.3

45% would recommend to a friend

(405 total reviews)
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Jack Dorsey

32% approve of CEO

26% positive business outlook

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405 reviews

Reviews about "Compensation"

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1.0
Mar 27, 2016

A Chaotic Mess

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Gorgeous office and great benefits including fully paid health, dental, and vision - Breakfast, lunch, and dinner five days a week - Incredibly generous vacation policy if you're on your lead's good side - Most of the company genuinely believes in the mission to enable small and mid-sized businesses to succeed and grow - Numerous showcases for Square merchants and high-profile speakers who regularly stop by to share their stories - The security and kitchen staff are incredibly down to earth which is refreshing in this industry

Cons

- Absurdly unnecessary “perks” that bloat operating expenses. $40 designer plates, a made to order smoothie bar AND separate coffee bar, full Wise Sons deli, and robots you can remotely drive around the office with your face plastered up on a screen in google hangouts weirding everyone out. They also recently brought in a full mariachi band to parade around the office as well as a cotton candy station and magician. All completely necessary when you’re on track to lose north of $80 million in one quarter (this is public information). - The amount of tech entitlement in San Francisco that you’ve heard about is alive and well here. There was a ridiculous debate concerning the cafeteria's pre-planned closures two days out of the month. Some argued that it was completely unacceptable because 30 minutes spent to go out and get lunch was 30 minutes lost with family or productivity. Ever heard of packing a lunch the night before? How about ordering from the food delivery service your company just acquired for 90 million dollars? - The company is extremely divided and headed in a million different directions but doesn’t seem to care that it's affecting its bottom line and employee morale. Payments? Register? Capital? Cash? Caviar? Invoices? Appointments? Payroll? Employee Management? Marketing? Remember Wallet and Order? Ask any of your friends or family what Square does and they’ll say, "Um that credit card dongle thing right?" Yet everyone has convinced themselves that we’re known for “more than just our reader." The epitome of biting off more than you can chew. - Massive attrition. Don’t be surprised to see scores of paperwork and candidates spilling out of the interview rooms. It’s almost a guarantee that the position you’ve applied for was recently vacated and needs to be filled immediately, resulting in a rushed interview process that devalues candidates. But of course they won’t tell you that. If you do interview in person, you can judge the sense of panic for yourself. - Combine all of this with extremely poor compensation relative to industry standards, atrocious middle management, limited growth opportunities, and a “culture” that seems more like a freshman high school mixer, you can clearly see why they’re struggling to mitigate the massive amount of turnover in all departments. And while you’re at it, google “Square IPO ratchet” and see who’s really benefiting from the ill-timed IPO. Square says its mission is to empower its sellers, yet it has mightily failed to empower its own employees.

5.0
Mar 24, 2016

Disputes Representative

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great company culture Amazing benefits Surrounded by intelligent/motivating individuals Company is very transparent

Cons

No 401k match Hard to maintain a work/balance No bonus structure No clear pay raise structure

1.0
Mar 8, 2016

Yeah, it's getting much worse...

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-Exceptional perks (three meals a day, health benefits, coffee, etc) -Merchants generally love us and our goal to empower them is actually quite fulfilling -Some very smart and talented people -Big comfy office with lots of space -The core products are still very strong and growing very fast -Works hard on diversity and other ethical challenges

Cons

-People are added to the middle pretty consistently. That is, it's becoming more and more likely to see your role effectively demoted because they decide to add a level of management between you and your boss, or boss's boss, etc. -Decisions are now mostly by committee. In Square's earlier history, decisions were generally made quickly by informed leaders. Today, processes are much, much slower and the company is becoming less nimble. -Burned by the IPO. Many employees at Square, especially members of our Finance Team, took substantial pay cuts to work for Square -- sometimes in excess of 50% -- under the promise that there would be a big IPO someday and we'd make up that loss in stock. However, with the substantial cut in Square's valuation, many employees have stock option grants that are entirely in the red. To make up for these losses, the company issued one time RSU grants to older employees who might have been burned. My RSU grant was the equivalent of a 7.5% salary bonus, which takes a year to vest and will be taxed as income. -The transparency that Square used to treasure is disappearing. It used to be that there was no product or financial plan that wasn't shared among employees. Today, a combination of unplanned leaks to the press and the demands of being a public company have ended a lot of that transparency. -Out of touch leadership. Jack is a very inspiring leader and has an excellent understanding of design and usability. However, his conviction of being a visionary contradicts current market forces. -Lack of career mobility. Square is very proud of its "go/grow" and "go/careers" programs which purportedly allow employees to find new roles at the company if they feel they're not developing in their career. However, very few employees are promoted at Square, particularly on the Finance and Business teams. -Apparently Square is perfect? It's very rare for Square to admit something didn't go well or it made a mistake. The policy seems to be to just let the problem disappear and hope nobody asks about it. Products are often launched and then shifted permanently to the back burner. Metrics post-launch are rarely checked and very few financial resources are oriented towards product launches. -Dead weight remains. People who are under-performing or are becoming caustic to the organization are very, very rarely fired and only occasionally mitigated. On the few occasions someone is fired or mitigated, of the person who replaces them is just as bad, they let that person stay in role indefinitely rather than embarrass themselves twice and have to hire for the role a third time.

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