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World Economic Forum

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World Economic Forum reviews

3.0

36% would recommend to a friend

(337 total reviews)
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Klaus Schwab

17% approve of CEO

34% positive business outlook

World Economic Forum has an employee rating of 3.0 out of 5 stars, based on 337 company reviews on Glassdoor which indicates that most employees have an average working experience there. The World Economic Forum employee rating is in line with the average (within 1 standard deviation) for employers within the Nonprofit & NGO industry (3.7 stars).

Reviews by job title

337 reviews
2.0
Jul 28, 2014

Good Experience

Recommend
CEO approval
Business Outlook

Pros

Good networking opportunities, great food, nice premises. Good opportunity for a new graduate to learn what the corporate world is really made off and gain the skills to navigate through increasingly dysfunctional companies and organisations.

Cons

This entity has no impact whatsoever despite the constant rhetoric (reminders) of it being a one stop shop for public private partnerships. If you do choose to work for this entity, then in addition to filling your address book, try to learn the tricks of getting ahead without compromising integrity, honesty and hard work. Learn to manage those who use dysfunctional means to get ahead, but don't plan a career here!

3.0
Jul 15, 2014
Recommend
CEO approval
Business Outlook

Pros

Just as the Forum serves as a platform for its constituents, the Forum serves as a platform for its employees. The network you gain at the Forum is unparalleled. As a hub and connector, the Forum can enable you to meet the right people - both constituents and colleagues - to take you to the next step . If you approach the Forum with a cogent strategy and the right attitude (drinking a little bit of the Swiss Kool Aid helps), you can find advance your career in a wonderful way. Your colleagues will be some of the best and brightest with the warmest hearts. Just like any organization, there will be sour apples who are jaded, cynical, or entitled. There will be a few that make you think, "How on earth did you get here? Who hired you?" But the core of the organization exhibits a wonderful culture of curiosity, nerdiness and helpfulness. The folks, for the most part, are humble and authentic. Jive with the culture and you'll be rewarded. The social cachet that comes with working at the Forum is fun. For those in the know, they light up when you say where you work and start asking you about people you've met and places you've been. For those not in the know, they assume you're a spy, an economist and/or an elitist. On the whole, compensation is good. I came from the rag-tag non-profit sector so everything seemed great! I can't say how my ex-private sector colleagues may feel.

Cons

For the first year on the job, you will repeated try to answer, "What we do?" For subsequent years, you will find a way to BS an answer that may or may not seem intelligible to a layperson. Our founder (who is still running the show for 40+ years) describes the Forum as adaptive to the needs of the global system. Others might say we're schizophrenic. Another review says management has a "weather-vane approach to strategy." I'm in incredible agreement with this statement. A shiny new trend/topic emerges and captures the attention of senior managers. Resources are diverted. Results are mixed. Like the obstinate Swiss alps visible from the windows of HQ in Geneva, the organization has resisted some innovative change. Process are burdensome, sacred and often times confusing. The main explanation being: This is how it's always been done. Some processes are set in stone: event logistics being the most notorious - do not try to mess with them. Yet some are curiously completely non-existent: business development, account management, project management. Knowledge is kept in the minds of employees and transferred verbally or through formal or informal meetings, not on any robust internal platform. We may tout the vast array of changes, new ideas, innovations, but at the heart of what the Forum does is staging Davos and similar events. Davos is where the working calendars start and ends. Most projects, constituent strategies, internal incentives are planned around Davos. The Forum is heavily an events organization. Decentralized management structure and a founder-first, top-down culture creates fiefdoms (a common word you will read on Glassdoor). Your time at the Forum will be heavily impacted by who your manager and your colleagues are. Some teams have stellar reputations with happy, engaged employees. Some teams are a recurring management quagmire with high turnover and distrust. Yet the Forum keeps these poor managers employed. Some have internal reputations as untouchable because they were hired by the founder. Top brass (the managing board) is heavily comprised of white men from Europe or North America. Why is it so difficult to hire and retain a female senior executive? Why is it so difficult to hire and retain a senior leader from the developing world? Career development is self-initiated. Talent development is not a core investment. Trainings are sparse and barebones. HR is mostly used for talent acquisition and benefits management. Don't expect career support from them.

4.0
Jul 14, 2014

The Forum

Recommend
CEO approval
Business Outlook

Pros

Benefits are great, opportunity for wellness (yoga, gym, pilates, Engadin ski marathon, mountain climb), employee activities. Opportunity to know some great talents from so many cultures, opportunity to travel a lot. Highly educated, passionate staff.

Cons

Lack of career development. Flat structure that hardly allow to grow past 3 years. Lack of management opportunities.

Viewing 313 - 315 of 337 Reviews

Glassdoor has 450 World Economic Forum reviews submitted anonymously by World Economic Forum employees. Read employee reviews and ratings on Glassdoor to decide if World Economic Forum is right for you.