HealthEquity Inc. Software Development Engineer In Test (SDET) reviews

1.3

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(3 total reviews)
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Scott Cutler

Not enough data to show CEO approval

Reviews by job title

3 reviews
1.0
Feb 6, 2023
Recommend
CEO approval
Business Outlook

Pros

My co-workers and direct manager are the only things that make it worth working here.

Cons

- They claim to be purple (from the book Purple Cow), which basically means they claim to value their employees and take care of them. But recent events show they couldn't care less about you. - They just laid off 10-20% of the software development department because they wanted "more skilled" engineers. They literally sent out an email the next day to the remaining engineers saying they wanted to hire new engineers to fill the vacated positions. Definitely purple. - Insurance premiums are the highest I have ever paid. - They have a large match for their HSA, but it is really your extra high premiums that pay for the match. - Claimed the switch to "unlimited" PTO was for employees. No, this was to clear the banked PTO off the accounting books so they don't have to pay it out when you leave the company. The problem isn't the amount of PTO, the problem is getting your PTO approved. - Busy season is during the Christmas holiday season so good luck getting time off depending on your job title. - Upper management has decided it is easier to blame the engineers instead of giving the engineers the time and resources needed to fix the problems with legacy code. - We end up duct taping new features onto legacy code instead of working on tech debt and then management wonders why things brake. And then they layoff engineers thinking that new engineers will fix the problems. - Jon Kessler (the CEO) told us outright that there will never be a Cost of Living adjustment at HealthEquity after being asked about raises in multiple All Hands meetings. - Via interest rate hikes the fed has handed HealthEquity hundreds of millions of dollars because they make money off your HSA dollars that they manage. You would think that would translate into benefits for the employees. Nope, the target raise percentage is about 2% so factoring in inflation and your paycheck just decreased by at least 7%, now that's being Purple! But the CEO's salary has almost double in the last 3-4 years. The rest of the C suite got nice raises too.

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HealthEquity Inc. Response
3y
Thank you for your candid review. We are sorry to hear that your experience has not been positive. We have worked hard to make team member compensation competitive relative to similar roles in the current market. Our benefits team has focused on providing affordable healthcare benefits relative to the current market -- and in many areas our benefits are well above market. Following the hire of our new CTO last year, HealthEquity began a technology transformation, which we are very excited about. We value each team member's feedback. We encourage you to take any questions and concerns that you have to your leaders or People business partner so that they can best address them. We appreciate your contributions.
1.0
Feb 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Co-workers and direct managers are great

Cons

HealthEquity makes money off interest and with the Fed. raising rates they are literally handing HealthEquity money. They are in a better financial position than they ever have been, so what do they do? They layoff 50 people (around 10% to 20%) of their software development and delivery department. What do they do after that? They send out an email saying that they want to "aggressively" hire 40 engineers in the next 4-6 months. The company claims they value their employees, but when you look at reality it is clear that they don't care at all. This was the work of their new CTO. He was brought in to help make the transition from a monolith to microservices. He didn't really help much and like the great leader he is, he blamed everyone except himself and convinced everyone else that his lack of progress was because our engineers weren't skilled enough. These employees that were let go are some of the best in the business, I would happily work with any one of them anywhere. What they don't know they put in the effort to learn. They even created a group for former HeathEquity employees and their first rule was no bad-mouthing HealthEquity. Even after the slap in the face they just want to look to the future and help each other find new employment. If you want to be thrown away like the expendable employees that you are come work for HealthEquity. They show their "purple culture" through constant layoffs. There have been around 4 layoffs in as many years.

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HealthEquity Inc. Response
3y
Thanks for providing this feedback, which we will share with our technology leaders. Following the hire of our new CTO last year, HealthEquity began a technology transformation. That transformation has unfortunately necessitated reductions in force in our Technology Department that helped us realign our skill strategy with our future-state vision. Those decisions were made carefully, applying specific business criteria, by the appropriate senior leaders. We encourage you to take any remaining concerns to your leaders or the People Team. We appreciate your contributions.
4.0
Oct 12, 2021
Recommend
CEO approval
Business Outlook

Pros

Good Culture Variety of Work Skills Enhancement

Cons

Maybe less competitive pay than other companies

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HealthEquity Inc. Response
4y
Thank you for your review of HealthEquity. I'm glad that you've had a positive experience with our Purple Culture. HealthEquity is continually working to make sure our compensation is competitive and your feedback helps us do that. I will be sure our total rewards team sees your review and I encourage you to continue to share any ideas that can continue to make HealthEquity a great place to work.

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