3.0
Mar 28, 2020
Current employee, more than 5 years
Wilmington, DE
Recommend
CEO approval
Business outlook
Pros
Competitive salary, bonuses can be phenomenal, generous stock grants, great healthcare plans
Cons
Performance Management system, retirement savings plan for those hired after 12/31/2017 (massive cuts to benefits for those hired afterward). Forced ranking performance management system requires 10%-15% of the workforce to be told they are not performing in their jobs each year. This typically results in no stock award and bonus cut in half. Very political system. Forced ranking does not work in a lean organization that does not want attrition. Stifles collaboration as employees need to compete with each other for bonus and stock money instead of focusing on the mission. Discourages teamwork.