Fastenal reviews

3.4

61% would recommend to a friend

(1,888 total reviews)

Daniel Florness

75% approve of CEO

56% positive business outlook

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2K reviews

Reviews about "Compensation"

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1.0
Jul 21, 2012

It's a job

Recommend
CEO approval
Business Outlook

Pros

You gain a lot of experience. Working in s store you get the weekends off. Not to bad of a job as long as you have a good store manager. If you chose to stay with the company there is room for advancement because people quit on a regular basis. You get to meet a lot of people, most of them are pretty good people.

Cons

Low salary for the amount of hours worked, commission is also low. Corporate ethics is little to nonexistent. This has been recently with their choice to not pay commission on 20% and under margin sales. These is because the POS cost is a lie they the cost marked up in some cases 50%+. They claim that they are showing true cost from certain vendors but I have noticed that is not true. In June when they claimed to show us the true cost I also noticed that they raised the POS cost on fasteners. Distribution centers are very unreliable which makes your job a lot harder trying to grow business when product constantly doesn't come in or come's in wrong. Wholesale price's are set so high it makes sales peoples job take a lot harder because you have to check competitors prices to make sure your not 20-50% higher even after giving a % off wholesale discount.

3.0
Jul 15, 2012

Typical "YES MAN" Corp

Recommend
CEO approval
Business Outlook

Pros

You can take it as an entry level job at $9 to $10 for a max of 30 hours (most districts) and learn a lot about day to day business. You may get stuck with a boss who doesn't want to delegate responsibilities or teach you things. If this is the case speak up and demand to learn more. Don't just be a part-timer picking orders and putting stock away. Learn something so you can move forward in this company or another one. Branches are like small teams, depending on how you get along with people and how your GM is it can be great or it can be horrible. Corporate says full-time is 50 hours, but working with a reasonable GM you can get out in 40 under the radar.

Cons

The part-timers get stuck doing all the grunt work, which can be really boring at some branches (ie putting patch on 500 screws or more everyday). The full-time jobs have low salaries compared to the industry average and you are expected to work 50 hours for it. The GM and DM are also struggling to keep costs low and keep their paychecks high so there is a lot of skimping at a branch level and sharking for low pay and high hours in this company. As outside sales or higher you'll always get reemed out in emails to do better and better and its never good enough. Its kind of a roll of the dice, but you can end up as OS or GM at a high sales branch or a low sales one. It depends on what opens and how fast you want to move up. My advice is don't get stuck in a low sales branch, you're expected to grow the business and if you cannot you will make little to no commission. With high corporate restrictions on pricing its pretty impossible to grow the business without slowly weeding your way in for years and years. Go somewhere that is somewhat established, but not saturated. You need room to grow.

2.0
Jul 12, 2012

Fastenal...

Recommend
CEO approval
Business Outlook

Pros

Direct management has been good. Compensation is good if you grow at an alarming rate at high profit margins. You can generate your own team dynamic. Freedom of managing operations

Cons

Corporate..., Upper management is poor, Too many hours for the stress and compensation, Promotion of dishonest employees is common, Company culture is poor to non-existing (maybe it was good under the founder), Lean team environment can be too lean, Very poor management of internal relations

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