Onit reviews

3.7

62% would recommend to a friend

(21 total reviews)
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Michael Farlekas

72% approve of CEO

62% positive business outlook

Reviews by job title

21 reviews

Reviews about "Compensation"

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1.0
May 24, 2023
Recommend
CEO approval
Business Outlook

Pros

None that I can think of

Cons

Imagine you're applying for a job, and you ask about compensation and benefits, and below are everything you are told. These are all factual and current situations that Onit employees are dealing with: - No 401k match - No Stock options to share the future potential success of the company (even though the CEO Eric Elfman keeps saying he is trying to make this happen) - No pay raises, REGARDLESS of how well you've performed - Just enough parental leave to make it legal, but nothing beyond what's legally required state by state - Many tech companies offer a health stipend (gym membership, equipment at home, etc.), Onit offers none of that. - Cut software expenses for software that you like and use for your position Fair warning that you should try to work somewhere else, they show zero appreciation for their employees, and are blinded by the light of profitability. I would also highly reccomend never working for any company under the K1 Investment Management Umbrella.

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Onit Response
3y
Onit had to make some tough financial decisions based on the unprecedented macroeconomic conditions (like so many other organizations). However, we remain committed to our employees and look forward to reinstating certain employee benefits as soon as possible. It is important to note that we are continuously looking at different ways we can show our appreciation for the hard work our employees put in to help reach our collective goals (ex: Refresh day, where employees have 8 hours per month to spend time on activities they find enjoyable).
4.0
Jan 2, 2022

Great career starter

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Great people - Autonomy - Nice office - Transparency - Encourages PTO

Cons

- Below average pay - Below average career advancement - Adamant about returning to office

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