Purpose Financial reviews

3.4

54% would recommend to a friend

(7 total reviews)
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Jessica Rustin

86% approve of CEO

60% positive business outlook

Reviews by job title

7 reviews

Reviews about "Compensation"

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2.0
Mar 4, 2026
Recommend
CEO approval
Business Outlook

Pros

The people you work with day to day are great. Management at the local level genuinely cares about their teams. The digital side of the business has a lot of potential and there are smart people working on it. There is a future at the company and I think they'll be around in the near future.

Cons

Do not trust the incentive plan. The company published a incentive compensation plan tied to one clear financial metric. They made everyone complete training on it. They published a calculator on the company intranet so you could model your payout. They put a live tracker on the employee homepage that updated throughout the year. Employees watched it climb past the target. The company exceeded the goal by a wide margin. Leadership even gave kudos to everyone for meeting the goal. Then, the day before the payout date - a date that was never even communicated - employees were told that half would be withheld based on conditions that had nothing to do with the published plan. The parent company is Grupo Elektra out of Mexico, and there's a feeling that's where most of these top-down decisions come from. Local leadership doesn't always have the final say, and that creates a culture where "that's above my pay grade" is the default answer to everything. Different groups are siloed, decisions get handed down without explanation, and questioning doesn't change anything because the real decision-maker is always a few levels up, or a different group, or in another country. The digital side of the business drives real revenue but gets treated like an afterthought. Town Halls and leadership focus are dominated by field operations and big project announcements. Common sense initiatives take forever to get prioritized, if they get prioritized at all. For example, a portion of the company's customers are Spanish speakers, the company is literally owned by a Mexican parent company, but it apparently took years to get a Spanish version of the public website done. It wasn't a priority. Hard to believe nobody in the ranks ever brought it up.

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Purpose Financial Response
4mo
Thank you for sharing your insights about your experience at Purpose Financial. Your voice matters, and we appreciate your perspective as it can lead to positive changes for everyone. Thank you again for your feedback.
4.0
Jul 18, 2025

Salary

Recommend
CEO approval
Business Outlook

Pros

Good place to work, Friendly co-workers

Cons

Not much salary, no stocks

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Purpose Financial Response
6mo
Thank you for sharing your feedback! We're glad to hear that you're enjoying the friendly work environment and your colleagues here at Purpose Financial as a Data Scientist in Greenville. That positive team dynamic is something we work hard to maintain. We appreciate your candid input regarding compensation and equity opportunities. Your feedback is valuable as we continue to evaluate our competitive salary structures and benefits packages. We recognize that attracting and retaining talented professionals like you requires offering competitive compensation and growth opportunities. We encourage you to discuss your career development and compensation goals with your manager or our Human Resources team. They can explore what opportunities may be available to support your growth and well-being at Purpose Financial. Thank you for your contributions to our data science initiatives and for being part of our team. We value your work and commitment!
2.0
May 13, 2024
Recommend
CEO approval
Business Outlook

Pros

Remote work and rare traveling

Cons

Weak benefits, small PTO, low salary, management don't have clear directions so they overhired people and later laid off.

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Purpose Financial Response
1y
Thank you for sharing your experience as a former Product Marketing team member. We regret that your experience didn't meet expectations, particularly regarding direction and workforce planning. Your feedback about benefits, PTO, and compensation is noted. We continuously review our policies to remain competitive while ensuring sustainable growth.
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