Corporate greed at it's finest... - Anonymous employee Fundtech Employee Review

1.0
Apr 5, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Most coworkers are enjoyable to work with.

Cons

-No bonuses or raise potential to anyone but exectuve management. -Culture that creates the expectation in which everyone is expected to be on-call 24/7, regardless of position/title. (Hourly or salary) -Disconnected senior management, or just don't care. -No accountability for management or senior staff, at all. -No concern for employee satisfaction, only concerned about new revenue and margins. -Nearly every product left to sink, laid off staff or fired them with no replacements, for years while 'dressing' up the company to look good enough to sell. -Exective management and sales teams knowingly, and willingly, selling products to new clients when those products will not be avialble to them. -Refusal of executive management to be proactive when staff raises issues of possible problems, in regards to HR and product related problems. -Constant attitude from management teams, towards the stafff, 'Who cares? It'll fix itself or they'll quit. We're not putting more money into it.' Executive management is so disconnected from the day-to-day operations that they actively refuse to listen to their staff, unless legal consequences result. Managers are beyond reproach, no matter how poorly they perform or how much money they cost the company with their decision making. Executive teams refuse to replace bad managers, or take responsibility for problems that said managers create. Instead, they use employees/staff under their management as scapegoats, not only to other internal departments and management, but also directly to external clients. Even while on-site or on the phone with the staff present, as they feel it is never managements fault for failures or missed dates. Those same management teams will promise the world to sign a new contract, knowing there isn't enough staff to complete the work in time, then force understaffed teams to meet their promises and are threatened with being let go if they don't work the 70+ hours every week to accomplish it. PTO is a thing of the past, which staff loses every year if they do not use it. No compensation for lost PTO from working too much. Possible class action lawsuits coming from former and present staff, due to overabundance of: sexist, bigoted, racist, hostile work environments, and overworking of staff to the point they are hospitalized from it.(Then demanding they continue to work from a hospital bed, or else...) This same senior management have continued to hide these issues in order to sell the company to D+H. (Formerly Bankserv/Fundtech) HR also worked with executive management to hide these facts for the sale.

Explore other reviews about Fundtech

5.0
Oct 23, 2020
Recommend
CEO approval
Business outlook

Pros

I enjoy my time there. Great people

Cons

Small company but i enjoy my time there

4.0
Jan 12, 2015
Recommend
CEO approval
Business outlook

Pros

They are flexible with the work hours. There are many skilled and dedicated employees here, and like any other company, many that aren't. The company is privately held by a investor firm which has its benefits in that we aren't slaves to the people on Wall Street. The industry we work in is always changing which allows for exciting new opportunities to learn new products in the financial industry. The products that the different groups are developing are forward thinking and exciting opportunities for Fundtech.

Cons

While the hours are flexible, the work week is rarely a standard 40 hours like many other companies and usually includes weekends for many on the staff. Staffing is not where it should be and prevents many products and projects from getting completed in a reasonable and requested amount of time. We have also lost many excellent quality staff members due to the long hours and lack of pay increases (another problem with being privately held).

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