Note: All of my cons are limited to their finance function
- The function is run by an old boys club that is very much stuck in their ways. Many individuals in the upper ranks are sexists.
- During the hiring process, the firm is sold as one that embraces change and is innovative. However, most employees and management hate automation and fear technology.
- Pay is significantly below the market rate(as an FA expect 60-65K as an SFA expect 68-70K, as a manager in finance expect 85-90K with only a few breaking 100K after many years of merit increases)
- The company will promote you but you have to be willing to relocate to undesirable locations (ie: Wichita, Augusta, Thief River, Providence)
- The performance review process is binary. They say they run a scale of 1-5 but in reality, almost nobody ever gets above a 3 or below a 2. If you get 2 it means your on the chopping block, if you get a 3 yours in line with 95% of the rest of the Org. It's done this way mainly to keep budgets intact and to avoid giving higher raises.
- The above performance measurement system results in many employees that should have been fired or improved their performance from feedback staying employed and clogging up processes.
- Merit increases are only slightly above inflation even for well-performing employees(typical is 2.75%)
- Bonuses are not available for employees below the manager level.
- The culture is very much a 9-5, " I do it this way because I've always done it this way" or an "I want simply don't try and innovate" type culture.
