Happen Bank reviews

3.6

69% would recommend to a friend

(993 total reviews)
avatar

Scott Sanborn

75% approve of CEO

67% positive business outlook

Happen Bank has an employee rating of 3.6 out of 5 stars, based on 993 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Happen Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

993 reviews
3.0
Aug 2, 2016
Recommend
CEO approval
Business Outlook

Pros

+Free food, cereal, fruit, juice milk and other fancy things. +Building is kept clean. They are lenient on calling in sick and performance for this position. +The personality of most of the coworkers is great +Close to bart and many things in downtown SF

Cons

-The metrics are broken into 4 categories. QA, Adherence, Customer Satisfaction, and Average Handle time. -QA is basically how your call is graded. The QA department picks a random call and grades it based on tone, helping the customer, going above and beyond, etc. The fact that it's random means you can have 100 good calls and if they pick the one bad one, there goes your score. You get dinged for the smallest things, like not asking for their name instead of loan number. QAs do not seem to correlate with other metrics. -Adherence. Basically you get to work and have a set schedule. You don't get to choose your breaks or lunch. Have fun eating your lunch at 9:30 and not having your next break until 3 hours later. It also goes down when you depart from your schedule. It's on a 100% system. You get 93% or above and you get full points. Anything below and you start losing them. You get 30 mins for the entire day to use the bathroom, enter in notes that you didn't get in during the call, etc. The biggest problem with this metric is its not fair or efficient. I know people with high adherence that barely take any calls in a day. Others can take double the calls they take in less amont of time, but because they did it outside their schedule, they get penalized for it. Getting rid of or reducing the metric would greatly enhance agent morale. -Customer Satisfaction. You think in a call center where you speak directly to your customers, customer satisfaction would matter. Nope! You can be the most helpful person and have customers giving raving reviews but not have it matter because you messed up on one thing and you lost all those points you just gained on your QA! You think QA and Customer satisfaction would correlate but they dont. I have a friend who has super high QA scores but customers apparently hate him. Others get great reviews from customers but their QAs lack and that gets penalized. -Average Handle time. A call center is mostly about volume. You have thousands of calls coming in and you need your agents to take as many as possible to avoid long hold times. You have 4:30 average to verify the borrower, find out their problem, look through their account and documents, relay what we need to the borrower, and notate on their account. It's not as bad as it sounds but those they expect people to take fast calls and when they don't their QAs suffer. When they have longer than 4:30 they lose points for not finishing quick enough. It doesn't make much sense. Overall the metric system is out of wack. If you want to do good according to LC, you have to never move from your desk, take quick calls but also somehow solve all the customers problems and do it in a manner that gets you high QAs. It's not realistic. Morale is at an all time low. Several good friends were laid off with no notice due to the scandal of a few top executives. The new COO even stated it's an investor driven company and borrowers are second in line.

1.0
Jul 12, 2016

Stay away from this company

Recommend
CEO approval
Business Outlook

Pros

These pros were valid few years ago. Attractive equity, decent salary and good benefits. Work was decent and politics was minimum. Unfortunately right now and for any foreseeable future, I don't see any pro for this company.

Cons

Everyone knows about the scandal and it's fallout. I won't go into details of that, however I will say this, Renaud left a big void in the company and current management is not capable of filling that void. Renaud was very popular CEO, very approachable and very generous with equity distribution amongst employees. Where as current CEO and upper management managed to demoralize already down company even further within month ! They gave themselves promotion, bonuses and additional equity after the scandal and laid off 12% of the company for cost cutting ! By conservative estimate, more than 90% of the current employee base is under water (as far as RSU / Option price is concerned), the management is not doing anything about it - no retention bonus / additional grants etc for worker bees. The queen bees on the other hand are helping themselves with more cash / options. I worked in Technology organisation for close to 4 years and for last 2 years or so, this organisation is becoming more and more political. There are more than 400 engineers right now and conservatively, you need only half of them (if that). I worked on financial systems which were orders of magnitude larger ( transactions / dollar amount) with teams fraction of the size of LC. There is a strong lobby of Salesforce people in the company and all they are doing is creating complexity just for the sake of growing their team, beefing up their resume. One SVP left soon after the scandal hit and the stock tanked and I think more will follow his lead and go back to the mothership :-) I am sad to say it looks highly unlikely that this company will turn around anytime soon ( if at all). Investing is business of trust, if you lose trust, you lose business - as simple as that. This company wanted to be google of finance.. it has become yahoo of finance instead. Best case scenario right now is some company buys LC for its cash and the borrower base. Anyway if you are a technology professional, don't waste your time working here.. majority of the people I know are looking for a job elsewhere.

2.0
Feb 1, 2016
Recommend
CEO approval
Business Outlook

Pros

Decent perks including 100% employer paid health care. Great Engineering Team and top talent. Many of your colleagues will be bright, driven and genuinely kind individuals. Good amount of diversity and a variety of individuals from all over the world and of various cultures. Spa and nap pods are a nice perk, yet appointments always filled.

Cons

When it comes down to it, it is a corporation that is motivated by numbers and the bottom line. Nothing new here, but it is pitched to be super collaborative and supportive. . Low salaries for anyone not at management levels. Below industry averrage bonus and equity structures, unless you're mid-upper management, measly few percent a year. Also, a "no raise policy" unless you move up in positions. We live in a city that the cost of living increases year over year 10% over the last 3-4 years. They have very little mentorship available, or any real team building events. They also promise commissions that are instrinsically UNATTAINABLE. The fancy office, lots drinks and mostly unhealthy snacks, some fruit, yogurt et. The "BAR" which is only open a few days a week for a couple of hours and limits/tracks your drinks like a babysitter. It has a halfway decent arcade with 7 games, so called golf course (mini 9 hole drab course), and spa which offers 15 minute appointments that are always full. 75% of the staff doesn't even have time to use.

Viewing 31 - 33 of 993 Reviews

Glassdoor has 1,021 Happen Bank reviews submitted anonymously by Happen Bank employees. Read employee reviews and ratings on Glassdoor to decide if Happen Bank is right for you.