Fastenal reviews

3.4

61% would recommend to a friend

(1,887 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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4.0
Jul 9, 2012

Good Experience

Recommend
CEO approval
Business Outlook

Pros

No Cap on commission potentials, lots of room to grow with the company, decentralized organization allowing you to run your branch much like your own business.

Cons

No employee/staff support, extremely lean ran company. No direct management or direct chain of command in crisis situations. Aggressively commission based to keep you motivated no support with salary increases no matter how long you work for the company

4.0
Jul 8, 2012

Sales Support

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-Great part-time job for college students -Flexible schedule and good starting pay -Exposure to all business displines: sales, supply chain, finance -Great place to learn personal selling skills -Essentially learn how to run your own small business -Fastenal is heavily invested in technology to make the job easier -Vending machines could be a disruptive technology

Cons

-The industry and products they sell are boring -Pay structure isn't great if you advance -Limited opportunity to advance past Branch Manager postion -Very "hands off" company, too many things are left unknown, and employee development isn't a priority -Fastenal seems "profit hungary" and doesn't value employees as their biggest assest -Tough to compete on price and value that other competitors maintain in this industry like Grainger

2.0
Jul 2, 2012

Outside Sales

Recommend
CEO approval
Business Outlook

Pros

Freedom in exploiting your market

Cons

Pay is terrible, you can see this in the amount of turnover in the company, there are one or two job openings in every disctrict each month.

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