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First Command Financial Services

Engaged Employer

First Command Financial Services reviews

4.4

87% would recommend to a friend

(126 total reviews)
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Mark Steffe

92% approve of CEO

88% positive business outlook

Reviews by job title

126 reviews

Reviews about "Compensation"

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4.0
Oct 3, 2024
Recommend
CEO approval
Business Outlook

Pros

Work life balance ESOP Supportive culture Professional development opportunities Hybrid work schedule A company that truly cares about clients and employees Worthwhile mission: Coaching those who serve in their pursuit of financial security

Cons

Maternity leave: 8 weeks paid leave whereas many other companies in the industry provide 12-16 weeks paid maternity leave No 401k Match Opportunity for increased compensation: Pay raises are just 1-3%

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First Command Financial Services Response
1y
Thank you for taking the time to provide feedback. First Command is owned by employees through an employee stock ownership plan (ESOP) and we encourage our people to exercise their ownership by providing feedback that will help us create a positive environment for all. A key part of that positive environment is our focus on serving those who serve. Our employees and Advisors tell us that one of the most compelling elements of this career is the opportunity to serve military personnel and their families in a meaningful way. Our Advisors and employees always put our clients first and offer products and services in the context of a comprehensive financial plan (thank to the support from your team). The result is a culture that reflects the high ethical standards and best practices of the financial services industry. Again, thank you for taking the time to share your experiences.
4.0
Sep 30, 2024

Great People, Poor Leadership Decisions

Recommend
CEO approval
Business Outlook

Pros

- Pay is competitive with other organizations, but nothing to write home about - Headcount is usually well staffed - Folks care about each other here and it does show. The in-office culture that does exist is warm and supportive - Creative teams find useful workarounds to archaic processes

Cons

- Leadership is clearly out to make unpopular decisions with as little pushback as possible. I was hired with the promise of two days per week in office. Leadership announced a change to this policy, adding a third day for no reason other than to make up for the mistake of investing too much money in their real estate (sunk cost fallacy). They did this immediately following employee survey results that showed the immense popularity of a more WFH than in-office schedule. They have provided no metrics or data to back this decision. It is either a quiet firing or gearing up for more days with no regard for people's lives. Shame on you for making this hugely unpopular decision despite (or more likely, in spite of) the benefits and popularity of this system. - No pay increase for commute and childcare costs. Adding a day functionally cuts my pay and they are not making up for it. (Their message: "suck it up, quit, or get fired.") - The processes are archaic, and you do have to work around them. - The deliberately hire in February instead of January or December to avoid giving out bonuses for that fiscal year.

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First Command Financial Services Response
1y
Thank you for sharing your feedback with us. We are thrilled to hear that you're experiencing the strength of our culture, one that thrives on a shared commitment to our mission and serving military families in their pursuit of financial security. First Command is owned by employees through an employee stock ownership plan (ESOP) and we encourage our people to exercise their ownership by providing feedback that will help us create a positive environment for all. We utilize this platform as one channel to gain insights directly from current and former employees. In addition, our company leaders are committed to maintaining an open-door policy. We encourage employees to bring forward business-related problems. We ask that you take advantage of this policy by sharing the concerns you have stated in this review with your supervisor, a member of our executive leadership team or Human Resources department. We're grateful for the insights you've shared on our hybrid policy, project management systems, business processes, and decision making. We will be sharing your feedback with our senior leadership team.
5.0
Sep 29, 2024
Recommend
CEO approval
Business Outlook

Pros

Supportive coworkers, great fitness center

Cons

Low pay, too many meetings

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First Command Financial Services Response
1y
Thank you for sharing your experience with us and for your tenure with First Command. We maintain our strong culture and advance on our mission by attracting and retaining talented people. We focus on providing our employees with opportunities for professional growth and reward them through an attractive compensation and benefits program. We offer competitive pay determined by third-party studies of employers in our market area, which is supplemented with a generous benefits package. In addition, as an employee-owned company, First Command offers an Employee Stock Ownership Program to qualified employees. This valuable retirement benefit is funded entirely by company contributions, and we hope it serves you well. Thank you for taking the time to share your thoughts and experiences with us.
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