Venmo reviews

3.6

57% would recommend to a friend

(27 total reviews)

51% positive business outlook

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27 reviews

Reviews about "Compensation"

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3.0
Nov 14, 2017

New Management needed

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Great product - Very good pay, healthcare, and office perks - Nice people overall - Great work life balance - Shipping new products

Cons

- Management is poor. It's due to the fact they don't have much experience or that they work remotely - A lot of politics and shadiness - At times, no direction or support is given by management

3.0
Sep 18, 2017
Recommend
CEO approval
Business Outlook

Pros

There are certainly many perks that make Venmo a great place to work - free catered lunches every day as well as a large selection of free snacks and beverages. That alone can save one bunches of money each year. Also, the hourly pay rate for representatives is better than most of the other comparable job listings I've seen in Chicago. The workforce is overwhelmingly young and social, making it that much easier to go to work each day.

Cons

While the culture is easy-going, it's clear that culture is changing quickly, particularly within Support. Like in any company, rapid growth leads to a change in the quality of candidates that are brought on board, as well as an uptick in micromanagement by managers trying to control a rapidly growing team. This includes a workforce management team that's monitoring personal schedules and break time. It's difficult to feel motivated when it doesn't feel like you're trusted by management to do your job (even with a strong positive record). There's also a mandatory weekend rotation for any normal Monday through Friday reps, that has you working every 5-6 weekends (from home) , sometimes more often based on need. It's not the end of the world, but certainly an annoyance for someone who values their weekends and work-life balance.

5.0
Mar 18, 2015

Lots of autonomy and a sense of purpose

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

When my friends see me now, they all comment that I am the happiest they've seen me, and my job at Venmo is the reason why. (And this is out of >5 jobs across many years, so this is really saying something.) Here's what's great about Venmo: * Inclusive, open, and nonjudgmental people. They are genuinely interested in learning more about what you have to say, and are quick to invite you out for a drink just because you are in the office late at the same time. And people are encouraged to be themselves as individuals; rather than being judged, individuals are appreciated. * Diversity of thought and backgrounds. We have people from all walks of life -- Ivy Leaguers, Hacker School alums, an ethnic smorgasbord, and a gender mix that's really rare in the tech and startup space. I think at last count, we had 30% women in technical roles, and even a higher ratio across the company. And this adds to the openness of our community. * Autonomy with support. If you are a self-directed person, Venmo is amazing. You are given a ton of responsibility from the outset and expected to deliver. It's up to you to come up with your own deliverables, plan, and timing. There is support if you need it from your colleagues, and not many barriers to getting things done. No bureaucracy, no blockers. I should note here that I'm not on the Engineering side, where there is a bit more structure about deliverables. * Sense of unified purpose. We are all in it together to make Venmo _the_ mobile P2P payments app. As someone who isn't on the Engineering team, I still feel part of the purpose and also am able to propose my often-naive point of view. People aren't dismissive of good ideas (or bad ones, in my case); they appreciate that you care enough to be thinking about and raising ideas. * Great perks. I don't care about this as much, but I recognize Venmo offers amazing perks. Beyond the free food, flexible hours, flexible WFH approach, fantastic new office with beautiful views of the Hudson River, and awesome West Village location, the perks I like the most are the ones that bring the office together: Cocktail Thursdays, the nightly gatherings in the gaming room, once-monthly evenings out to local places like Fat Cat, funny events like Nacho Chip Day, Pi Day, etc.

Cons

Some of the cons -- which Venmo leaders are aware of and actively seeking to address -- are: * Lots of open roles, which affects people's on-the-job learning and leads to things not getting done. We are hiring like crazy (but carefully -- don't want to disrupt our special culture), so I imagine this should get resolved by the end of this year. * Uncertainty about how things might change with Paypal's influence. So far, there hasn't been a lot of negative stuff, mostly some neutral-to-positive changes (e.g., the new office, good compensation). But there is a sense that this could change. * Clearer strategy beyond the next 6-12 months. We know what we need to do today and next month and this quarter, but sometimes it's hard to be sure what the overall strategy is. ***********I would say that if you aren't self-directed and able to handle regular change (e.g., to your org structure, manager, or even your role), then Venmo is not for you. We are maturing as a startup but still have a lot of flux.*************

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