Financial Analyst - Financial Analyst IBM Employee Review

1.0
Aug 26, 2015
Recommend
CEO approval
Business outlook

Pros

the majority of FA's are your age fresh from graduating college so it is easy to make friends. Flex Friday

Cons

You will start as supplemental in most cases. If you are lucky you will get an easy desk where the FA before you isn't leaving the company and will actually train you on how to complete your work. Otherwise you will get someone who is out the door and you will get about 1 week of training and you will have no idea how to do your job. Your manager in most cases has no idea what your daily tasks are or specifics to your role. Then you will get promoted and it gets worse. They pile on more work with about a 1K bump in pay. This is the point most people leave. They are really good at giving you a ton of work knowing they can replace you with another college graduate. The turnover in the COE is unreal over 35%. the average person lasts a year and a half. Really its only that high because the people that have been there more than 3 yrs their spouse works at mayo and they are not moving. Be ready for a ton of work with no pay and no appreciation. Most likely you will start with 15-30 new hires and after 3 months half will have quit for better jobs. My advice is go in with the mindset that there is no career path here and use it as a resume builder. Always remember the COE is vastly different than IBM itself. It may fall under IBM but you are basically a cheap labor center from overseas. The COE is a cost effective center and it is ran as such.

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Cons

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4.0
Aug 26, 2014
Recommend
CEO approval
Business outlook

Pros

Disclaimer: A lot of what I'm writing below of course depends on the work area and management chain. But I found this to be fairly pervasive policies in IBM in my 9+ years with the company. 1. IBM's policies and management are very flexible when it comes to working remotely or accommodating various life situations (sick days, doctor visits, etc.). Management is encouraged to measure an employee by their work and impact, and not by hours spent at their office. 2. Great colleagues! Though unfortunately, many have been leaving due to the instability of IBM's HW development business. 3. At least in my area, there's a high level of flexibility on which projects should I undertake based on my and my management assessment of business impact.

Cons

1. Unfortunately, IBM still uses the "normal distribution" rating system, where at the end of the year each employee is ranked as a top contributor (5%), above average contributor (15%), average contributor (~75%), and bottom contributor (5%). This curve is difficult to apply in the R&D world, where you may have many members of the team working long and hard hours, and end up being "average contributors" at the end of the year, because there just isn't room for all to be top contributors. 2. The above may not be so disturbing, if only IBM didn't practically cancelled all raises, performance bonuses and incentive for the non top-performers. I've had a consistent "above average" rating in the last 4-5 years, and my raise and performance bonus were ridiculous mere 1.5-2% of my salary. Were I rated "average contributor" I would have gotten NOTHING. So you can imagine that people can go year after year without any raise to their salary. From talking to manager friend, this is IBM's way to eliminate the non-top-performers without having to fire them, as part of its direction of reducing US manpower. 3. Hiring freeze in many areas - again, as part of IBM's attempt to reduce its workforce across North America and Europe we see many jobs move to the India and Far East markets. This is of course upsetting to see local teams shrink and disappear, especially when many great local IBM colleagues and experts begin to drop out. From my experience thus far working with India SW teams - they are still very far away from the standards I would have expected from US and Europe based teams. 4. Poor top down communication about company's and divisions' future. Employees learn from rumors and news websites what's about to come...

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IBM Response
10y
Thanks for sharing your experience, and we're glad that you've had a positive experience working with talented colleagues and taking advantage of IBM's programs. IBM is in the midst of a major transformation, --our Systems business is going through its own changes to strengthen competitiveness. Change is never easy. As part of our transformation, we just launched a whole new approach for how we are coaching employees, delivering feedback and managing reviews. No distribution guidelines or what some think of as 'stacked rankings." What's particularly great is that this was co-designed with our employee base from all over the world... to the tune of hundreds of thousands of page views, comments, on-line debates and discussions. IBMers even named the new system Checkpoint, to reflect the regular feedback rituals we're adopting. Managers are more empowered with the new methodology to help them acknowledge the great work of their teams and help their employees develop professionally. These steps and more are showing up in our employee surveys as well. So IBMers are feeling the change. We are confident these changes will help us in continuing to attract and retain great talent.
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