Fiserv reviews

3.0

44% would recommend to a friend

(10,711 total reviews)
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Mike Lyons

67% approve of CEO

44% positive business outlook

Fiserv has an employee rating of 3.0 out of 5 stars, based on 10,711 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Fiserv employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

11K reviews
2.0
Nov 14, 2021
Recommend
CEO approval
Business Outlook

Pros

Dedicated associates who work tirelessly to maintain complex environments (please note this number is dwindling quickly as talent has either been RIF'd or is leaving).

Cons

-Expensive healthcare options - almost impossible for associates with families to afford -A cash/equity bonus program that favors the company (Equity only becomes 100% available after 4 years vesting) -Work/Life balance? Fiserv has no concept - associates are expected to be available at anytime (and now to be in a seat in an office as WFH is eliminated) -Bring your own cell phone (Fiserv has to pay for Frank's new office, the Fiserv Forum (NBA basketball) , a NASCAR race car and marketing for Clover) -Strategic decision making is consolidated in a small number of incompetent SVP's -- NOTE - screaming and name calling is not leadership -Successful direction, policy and procedure under Original Fiserv that made it one of the "Most Admired Companies" has been replaced by Original FirstData (Fiserv bought FirstData, right?)

1.0
Mar 27, 2020
Recommend
CEO approval
Business Outlook

Pros

Colleagues are smart, supportive, dedicated, and fun. Benefits and compensation average to below average. Clients are great folks and wonderful to work with.

Cons

In the age of fintech disruptors, Fiserv is a company that's struggling to reimagine itself. Its current CEO is widely expected to retire in the not-too-distant future and has handed over active leadership of the business to the CEO of recently-acquired FirstData. Fiserv culture is rapidly changing to the First Data model--leadership through fear and intimidation. I have direct knowledge of associates who routinely lie on employee satisfaction surveys because there has been retaliation. RIFs are periodic--typical for a company of this size, so maybe not a "con." Sadly, I have also seen product quality suffer because people are afraid to speak up and be seen as troublemakers.

2.0
Mar 5, 2020
Recommend
CEO approval
Business Outlook

Pros

i can only really list pros during the first half of my employment before the First data acquisition. work/life balance was great as well as the ability to work remote was a great opportunity. many benefits were given to us day one of starting the position. your success was team driven and based off of your cooperation with your colleges and goals were oriented in this fashion.

Cons

Since the First data acquisition, First data higher ups began looking at productivity heavily on a report basis and forced change while not even consulting or understanding what the people who are supporting the products that make clients happy and fiserv money need. Being on support many of the metrics that are being recorded are the speed upon reaching a resolution as well as our productivity. the problem with this is that if while being on the front lines to support the product in many cases you may need to utilize senior resources as well as to even put a ticket in with development. development is not a client facing team and so these responses can take months to get back, in addition having a ticket/case open during this time counts against you and your teams metrics. to remedy this senior resources are even more heavily required to assist in addition to training new associates which may cause a burnout. for my team and other surrounding teams this is the case, training and case resolution revolve around this as the knowledge is carried by these people however with higher demands on top of the penny pinching that is occurring with the first data merger that is resulting in our benefits being slashed to much less than what they were in addition to revoking the ability to work remote these people with the knowledge are leaving. even more so i have had 7 people in my department leave fiserv all together, 5 of those being senior resources and app specialists out of a team that was once 15 people. not ONE of those spots has been filled with a new hire and so those of us who are sticking around or are new now have a much higher workload and greater demand (including working on call 24/7 much more frequently) to the impossible to meet metrics imposed on us by First Data. This is not to mention the keylogging/productivity measuring tools that are being installed on our workstation. the largest margin of this that is unable to be measured is the fact that the products are very complex and thus being able to communicate via typing/IM is almost impossible, it is much easier to talk to colleges face to face and offer solutions or collaborate in this way however it sounds like leaving your workstation or even standing up to talk to someone regarding a issue you are having counts against you, i get that you don't want employees talking about non work related topics however in my experience in my department that is a luxury we do not have currently to even attempt.

Viewing 73 - 75 of 10,711 Reviews

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