Power Is Stuck at the Top - Revolving Door
Pros
- Young atmosphere if you’re in the NYC office, semi-decent happy hours - Fun culture, two annual parties - Decent way to get into the NYC property management industry - Technology isn’t bad - HR does the best they can to keep people happy (with limited resources for the most part)
Cons
- Pay. Raises are once a year at annual review and will yield a MAX of 2-3%. There have been years with no increases. If by some miracle you manage to get an off-cycle raise, expect a 3-5 month wait. (One poor girl waited 6 before she finally left.) It has to be signed off on by a handful of extremely busy higher-ups that will drag their feet on the matter until they tear the carpet. - No bonuses for non-property management personnel. - Benefits are sub-par. They like to say that they match 6% on a 401(k). They do not. They match 4% on your first 6% (a max of 2.4%). - Turnover is horrendous. Payroll team has ONE person on it that’s been there longer than a year. (For reference, it’s a team of 7 including the Manager.) - Bought the Financial Management team a lunch of pizza and wings in an indirect and pathetic attempt to address wild turnover. Pay a bonus. We’ll use that and buy our own pizza and wings.