LPL Financial reviews

3.4

57% would recommend to a friend

(556 total reviews)
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Rich Steinmeier

65% approve of CEO

58% positive business outlook

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556 reviews

Reviews about "Compensation"

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1.0
May 8, 2015
Recommend
CEO approval
Business Outlook

Pros

Nice facility (gym, cafeteria and desks that go up and down to allow you to sit or stand). Decent benefits (401K, health, dental). Many nice people to work with.

Cons

Terrible, unfair pay for loyal employees. I have been in the Service Center for over 9 years and the new hires make nearly as much as I do under the new, improved compensation guidelines...LPL will not adjust the salaries of the long-term, loyal employee. The Service Center is integrating Monet workforce software which is indicative of a management that does not trust its employees...I can no longer go to the bathroom when I want and breaks & lunches are no longer consistently planned...I can only go to break or lunch if the software program indicates that call volume is at an acceptable level for me to go eat. "Bottom-line" mentality also manifests in rampant outsourcing which creates endless operational errors. Hugely inefficient processes. You must be married to a working spouse in order to make enough to live sufficiently

1.0
Mar 10, 2015
Recommend
CEO approval
Business Outlook

Pros

The pay is really good compared to it's peers. 401k plan doubled my money over the couple of years I was there.

Cons

You will spend 50% of your time watching your own back for people trying to stab you to get ahead. After an injury in which I was hospitalized for a month, I came back to get written up as "everything had gone wrong" while I was gone. I waited around for another review cycle - where everything was glowing - and then literally walked out the door on this job and stayed unemployed (by choice) for 6 months after. I considered changing job roles altogether but decided to stay in IT after the effect of this place wore off.

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