Geriatric Lord of the Flies - werkgeversreview Anonieme werknemer bij Promontory Financial Group

1,0
10 okt 2016
Anonieme werknemer
Aanbevelen
Goedkeuring directeur
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Pluspunten

Starting base pay is competitive for junior workers, however don't count on ever seeing a pay increase, promotion, or competitive bonus. On the bright side, the acquisition might inject new management who might have a clue how to run a business and treat/motivate employees. It would be hard to do a worse job than the current management team.

Minpunten

The firm's day to day governance structure can most aptly be compared to a geriatric rendition of Lord of the Flies. There are few rules. What rules do exist are selectively applied and change every five minutes. There are too many over-sized egos at the top of the firm and not enough work/resources/territory/money to go around. They should give hazard pay for working under some of the managers here. HR and senior management frequently turn a blind eye to appallingly abusive conduct and bullying by senior employees. Junior employees are shown absolutely no respect or appreciation. Complete dedication and loyalty is demanded by the firm but is rarely reciprocated. Employees have been fleeing in droves. Selective layoffs/firings are also underway. Advancement is very difficult if not impossible (unless of course your father is an MD or on the board of an international bank in which case you'll be on the fast track to the top). With a large number of senior employees on the bench, there are few opportunities for junior staff to take on increased responsibilities. There is absolutely no investment in employees. There is no mentoring. There is no training. I'm unaware of a single industry event attended by a junior employee. Bonuses are disappearing, and pay has been frozen for years. The work itself isn't very stimulating. Even if you are lucky enough to get staffed on an interesting project, as a junior employee you are likely to spend most of your time preparing expense reports, invoices, or project plans with few opportunities to build industry specific expertise or gain transferable skills. To echo other reviews, management has very little ethics or integrity when it comes to either its business practices or its treatment of its employees. Employees are frequently mandated to push worthless software products on their client relationships to the embarrassment of everyone involved. There is no end to the squandering of money. No matter how slow business is, the CEO will continue to hire high priced advisors who neither do or bring in work. Millions have been spent on horrid modern artwork for the offices. Private jets whisk MDs to executive retreats in Napa Valley. The CEO refuses to travel by anything other than private jet. At the same time, it was recently announced that bonuses would not even be paid in 2016. Morale has been abysmal and nearly everyone is looking for an exit including, apparently, the founder.

Ontdek andere reviews over Promontory Financial Group

5,0
13 dec 2024
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Management was very flexible and knowledgeable

Minpunten

Contract cut short without enough warning

2,0
9 mrt 2025
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Was once filled with the best and brightest. A direct flow from senior regulatory officials. IBM has killed the brand. Very few, if any, senior advisors remain.

Minpunten

IBM - no more need be said.

3
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