LoopNet reviews about "benefit"

37% positive business outlook

Reviews by job title

16 reviews
5.0
Oct 15, 2013

Great place to work - good perks and benefits

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

great people, fun environment, solid perks including extremely discounted gym memberships, challenging projects that you can learn a ton from, company is constantly moving forward, modern hip office space,

Cons

If you are willing to work there really are not too many cons other than crowds outside on game days

1.0
Oct 8, 2014

Nepotism at it's best

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

easy work, stress free The benefits are great but I hear they are getting worse and worse.

Cons

You won't learn much here, you won't get promoted, they don't value innovation, they just copy what every one else is doing

2.0
Aug 1, 2012
Recommend
CEO approval
Business Outlook

Pros

Great initial sales training, awesome location near the ball park, average benefits, free beer/snacks on Fridays, free breakfast on Mondays, free baseball tickets once a month during the season. Most of the sales team is young with college degrees.

Cons

If one of your customers that you have been working on for any amount of time signs up online instead of over the phone with you, you will get no credit and this happens a lot. You also have to tag all of your leads once every 30 days or another rep might get the sale or if the client calls in to sign up you will get nothing. If a client has a duplicate (two) account the first person to call them gets the credit not matter who did the work or what account gets upgraded. They do not want you chasing/closing big deals or working with any customers who are already premium members. You can not upgrade/up-sell current members to better products.The system is also designed to reward the top reps with inbound sales calls as well as better leads. But if everyone got the best leads and inbound phone calls there would not be enough to go around so they keep the quotas high and the door revolving. They also do not give you any discounts to sell with, you pitch the same price that your customer sees on the website. The system also strongly resists change. The pay is not very good even if you are a top 10. Real young atmosphere - lot's of egos, gossip, drama. Upper management will lie about all the future opportunities and dangle carrots in front of you when nothing is ever going to present itself. There is not much of a career path, you do not want to be there long enough to get to Senior Territory Manager. You have to clock in and clock out or risk losing any incentive pay outs. They will teach you to be agressive, talk to the decision makers, make them feel uncomfortable, and go for the hard sale, but you run the risk of getting in trouble for doing any of these things. Once you finish sales training you will not have much support after that, they kind of throw you to the wolves and it is up to you to succeed or not.

4.0
Jun 5, 2017

account manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

great people, benefits and atmosphere.

Cons

got bought out by costar and too many changes, got micromanaged.

5.0
Nov 22, 2013
Recommend
CEO approval
Business Outlook

Pros

I've worked at LoopNet a long time and have appreciated the opportunities to move up and grow in my career. Here are the best parts of working at LoopNet: - Designing, creating and building new technology that is improving the professional lives of our customers (commercial real brokers, agents, investors, developers, etc) and helping to re-shape and modernize an industry - The CEO of CoStar (parent company to LoopNet) and President of LoopNet have both founded and built their own companies from the group up and are entrepreneurs at heart - Strong vision and financial management from the c-suite has more than doubled the market cap in the last 12 months - Management actively seeks input from employee and responds to feedback - Opportunities to find and work on projects that excite you - HR and the leadership team care about the employees and help put people on the right career track - Coworkers that are supportive and who appreciate/respect the work/life balance at LoopNet - The benefit package and office perks are great (partially paid for my master’s degree, plenty of PTO, subsidizes public transit, provides a locked room for bike storage, pays 80% of the gym membership, free snacks in the office, regular happy hours, Giants games, etc) - The company was supportive and respectful when my children were born, enabling me to spend more time supporting my wife and kids - Great location in the heart of SOMA

Cons

I don't have any major cons about LoopNet. Sure, as the company has grown from a start-up to a 2,000 person company, there are more protocols and work rules, but that is no different than any other mid/large size company.

3.0
May 4, 2016

Loopster

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Loved the culture, management, great benefits package, company parties and picnics-- but that was long long ago , free fruits, unlimited coffee and tea, bagel and breakfast days.

Cons

-impossible to move up or develop new skills. -small salary -costar took over, everything changed--LoopNet is not the same as when i've started; thus, can't judge or advice on how the company is doing now.

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