Churn and burn... - Anonymous employee WEX Employee Review

WEX has simply become a holding company with different verticals. Whether it can integrate and wring cost from its acquisitions to boost bottom line growth is an open question. Not sure why it is trading at 56 P/E ratio, except that its revenues are seen as stable. In the meantime, dealing with its brand/culture issue in a productive way has also yet to be answered. While WEX markets itself as a cool, hip, Maine-based, company true to its humble roots, segments of management seems to view employees as labor, rather than as talent. This attitude is unfortunate, and casts a pall over the organization. Traditionally, companies might look to HR on the evolving culture question, and to effectively deal with perceptions of management’s professional and personal acquisitiveness. Not here. Corporate HR leadership is as old school as it gets with an added feature: lots of quirky personalities with high self-regard! This doesn’t do the company any favors as it struggles with growth, and realizing its image of itself.