PTC reviews

4.1

89% would recommend to a friend

(421 total reviews)
avatar

Neil Barua

85% approve of CEO

80% positive business outlook

Reviews by job title

421 reviews

Reviews about "Compensation"

Return to all reviews
4.0
Mar 2, 2022
Recommend
CEO approval
Business Outlook

Pros

PTC offers a good sales training program for people interested in getting their start in software sales. The products are top-notch and innovative. It's easy to see why there is demand in the marketplace. The corporate ecosystem is very helpful and supportive for the most part. I made many meaningful connections and learned a lot from managers and mentors.

Cons

The objective for the inside sales team was constantly changing when I was there. This includes our compensation goals and metrics. As a result, the inside sales team went from feeling like a minor league farm system for an outside sale position to a dead-end role with limited upward mobility. Most people joined this organization with upward mobility in the sales org as a major driver. When the shift in organizational focus was combined with non-competitive compensation, around 20-40% below market rate, many people on the team left for other opportunities. This caused a severe depletion of talent in the inside sales organization and caused overall productivity and morale to fall. By the time of my departure, there was some much needed change in both direct and senior management hopefully, this will lead to a change in the overall vision. I think that the level turnover in early 2021 was a wake-up call for PTC on the issues above and hopefully, they have made the changes necessary for the company to have an effective inside sales org.

4.0
Mar 1, 2022

consultant

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

good environment, good salary, good opportunity to learn, work/life balance

Cons

salary increase, opportunity to shift teams, teambuilding,

4.0
Feb 22, 2022

Challenging culture, more investment in HR/People/Talent needed

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Technology strategy and acquisitions have been excellent - Company is a data-driven culture across all functions - PTC had started to make improvements with culture since moving the HQ to the Boston seaport area and hiring many new people, but it has since stalled with the latest round of layoffs.

Cons

- Recent investments in HR and talent were only for a year or two and has since been severely impacted by the last round of layoffs. More investment needed to offset a decade of no growth or investment in HR (and other corporate functions) - CEO staff turnover continues to be a problem - Compensation is not competitive and PTC has not been able to adapt to the 2021 job market.

Viewing 148 - 150 of 421 Reviews

Glassdoor has 3,270 PTC reviews submitted anonymously by PTC employees. Read employee reviews and ratings on Glassdoor to decide if PTC is right for you.