There are many, unfortunately:
- The morale of the company really began to tank in mid 2019 for various reasons, but largely due trying standardized a company that was essentially pieced together through aquisition rather than organically. Diversified has not grown organically over the last 5 years. They have aquired a half dozen regional AV integration businesses in that time and have essentially ruined the cultures in those aquired places.
Diversified, being headquartered in NJ bring that regional mindset to all their other markets across the country, and probably internationally.
-Diversified leadership is full of well meaning people, but appear completely beholdened to the investor group that owns the company and it comes off as totally tone deaf.
- Finances are completely locked down. Its literally easier to get your market rate compensation if you quit and get rehired than it is to stay with the company, waiting for a raise or equal compensation.
- when covid happend, everyone took a 20% rediction in pay regardless of the regional situation. This to cover losses in NY and CA. Ok, fair enough, but most of those contracts have since resumed and most of the company continued working fulltime, no furlough, no shutdown for 20% less, no 401k match, and little to no cost of living wagefor 2020 and 2021. Meanwhile, good people started heading for the exits and Diversified now finds itself trying to fill 150ish (around 9% of the company workforce) jobs in one of the most niche skillset markets in the economy.
- Theyre enticing employees with $3k refferals bonus to fill desperateley needed positions. Why not just break off that referral bonus to long term employees as a retension bonus? This likely would have helped retain people that made all these companies such an attractive aquisition.
