Company cut benefits HUGELY - DO NOT WORK HERE! RUN! Leaving here was the best decision ever made. The talent has left.
Pros
Its a job. But its an employer that DOES NOT understand the concept of PEOPLE MATTER. This is one of the largest companies in the world, and it just truly set itself apart, by SCREWING all of its associates with the HIGHEST possible healthcare costs. LPL's CEO and executives involved in this decision should be ashamed. This was a terrible leadership plan. It will result in a failed business model, and go down in the books as is already known.. WHAT NOT TO DO as CEO. You cant win without people. You just lost your people.
Cons
There has been too much restructuring, it never ends. Living everyday in fear of a job loss from restructuring is no way to live. The final straw was the most recent announcement of a MASSIVE cut to our benefits. The CEO and whomever else involved in this decision REEMED every employee who works here with cost cutting, starting with Health Insurance. LPL has lost all faith and has underestimated their associates. I took my daughter in to the doctor on the new insurance plan, my copay was $450! That is ONLY the copay! It used to be $50! And this is not even a high dedictible plan people! PLUS the monthly costs of our insurance went through the roof. This was a SLAP in the face from what should be a responsible company. Not a way to treat associates. No one with talent will stay here. If youre an independent advisor, take your book of businees somewhere else! There is no one of value to support you here! If youre an associate, or considering working here, RUN! Other companies have INTEGRITY, and understand PEOPLE MATTER, LPL DOES NOT HAVE VALUES ANYMORE!