HealthEquity Inc. reviews

3.2

53% would recommend to a friend

(949 total reviews)
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Scott Cutler

33% approve of CEO

53% positive business outlook

HealthEquity Inc. has an employee rating of 3.2 out of 5 stars, based on 949 company reviews on Glassdoor which indicates that most employees have a good working experience there. The HealthEquity Inc. 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

949 reviews
5.0
Feb 8, 2023
Recommend
CEO approval
Business Outlook

Pros

The company stands behind their values, promotes inclusion, and believes in their team members. I have never worked for an organization that has such an amazing culture! Being permanently remote offers a great work-life balance, flexibility, and lessens burnout.

Cons

The company is rapidly growing and can sometimes become a challenge with system migrations and having the bandwidth to understand or contribute to system recovery projects.

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HealthEquity Inc. Response
3y
Thanks for a Remarkable review! We are thrilled to hear that you've seen our values in action and felt the support that our leaders strive to offer their team members. Our flexible, remote environment provides awesome opportunities to maintain work life balance! As we continue to navigate exciting growth in our company, we appreciate your continued efforts and contributions to the Remarkable future that we are looking to create.
4.0
Feb 8, 2023

Good company that care but limited in growth

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

HealthEquity as company cares for its employee. The culture is great - diverse, intelligent and collaborative

Cons

Only a few people have the opportunity to move up.

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HealthEquity Inc. Response
3y
Thank you for the review! Our culture is one of a kind and we have worked hard to cultivate an environment of collaboration and diversity! We are currently working on exciting projects that will clarify growth and development opportunities and give team members more tools and resources to grow within HealthEquity. Thank you for being part of our Remarkable culture and we wish you all the best!
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.
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Glassdoor has 982 HealthEquity Inc. reviews submitted anonymously by HealthEquity Inc. employees. Read employee reviews and ratings on Glassdoor to decide if HealthEquity Inc. is right for you.