Politics, bros & fraudsters (repost) - Associate N26 Employee Review

1.0
May 26, 2020
Recommend
CEO approval
Business outlook

Pros

Repost from mid-April deleted review. - fun colleagues - sparkling water

Cons

TLDR don’t go there, they don’t even pay market level LACK OF DRIVE Change of focus and strategy every 2 months which results in misalignement between teams and frictions. Key to hierarchy recognition is yes-(wo)man attitude politics and slides, it’s easier with them. LACK OF TRANSPARENCY Engagement survey results are so bad the report is hidden (shared since, but only overall company). Explanation given is that we did not appreciate the measures taken. Those measures were not tangible or please share a list, appart from adding it as the last company OKR. LACK OF INNOVATION Product and tech hardly delivers relevant financial or even basic features when competitors have a solid roadmap. Instead we change the design of the feed or group 2 buttons in 1. LACK OF INTEGRITY Employees are not considered and treated like disposable. C-level put a part of the headcount on kurzarbeit 100%, mostly people of lowest levels, instead of spreading the effort across teams and levels. LACK OF CARE A big part of the headcount is the HR, absolutely not involved in employee journey. I have the feeling they rather send survey by email than speaking to employees and being involved in feedback cycles/performance reviews/promotion discussion or Culture Amp account manager is good. Inviting the whole company with public walk-in sessions to avoid 1-to-1 check in just sends the message your time is too precious to adapt to employees calendar. Bonus: after years of employees asking for an equity incentive, they offered to trade salary increase against virtual ESOPs when company valuation was at its highest. A very low proportion of eligible people took it.

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N26 Response
6y
Thank you for taking the time to give us your feedback. We’re disappointed to read that your experience has been less than positive. Employee wellbeing continues to be a central focus for us, and so to read that you feel a lack of care from your People team is feedback we take very seriously. We have introduced many different channels and opportunities within N26 for employees to share their feedback or raise concerns, and so we’d love to hear from you directly to understand what you feel is missing. Our team looks at all touchpoints and milestones in the employee journey to ensure N26 can deliver consistent, positive experiences during your time with us. Having gone through a period of fast growth last year, it’s fair to say that there are many areas of opportunity for us to tackle, and it’s through your feedback that we can continue to identify and prioritize these. The decision to ask some team members to participate in Germany’s short-work program, Kurzarbeit, was not made lightly. Only those in roles where the workload has had a major impact - given the current situation with COVID-19, office closures, and international travel etc. - have been asked to adjust their working time. We have also offered a voluntary option for other team members to participate, such as those with children, where their preference is to reduce their working hours at this time. FinTech is an extremely innovative industry, and we’re super proud of all the work our Product and Technology teams deliver. This year we have fully redesigned our mobile experience, and will be rolling out more exciting product updates in the coming months. Transforming a heavily regulated industry like banking, which is long overdue for disruption, isn’t something that will happen overnight. But with passionate people from all over the globe who share our vision of building a bank the world loves to use, we know we’re on the right track to doing so. To address your feedback on compensation, our philosophy around compensation and benefits is to provide fair reward for every role. We work closely with a number of salary experts, and the local markets we operate in, to ensure we are fully competitive in how we pay our staff. As mentioned, we’re all ears for your feedback, and would welcome a direct one-to-one conversation with you to better understand how we can improve your overall experience. Please reach out to the Organizational Development Lead for your department to set this up. Thanks.

Explore other reviews about N26

5.0
Jun 13, 2023
Recommend
CEO approval
Business outlook

Pros

Great product and design and team is worldclass

Cons

more focus on understanding customer needs

5.0
May 21, 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Small team in NYC working on bringing N26 to the US. Flat team structure (no bureaucracy or painful hierarchies). Open lines of communication and instant feedback loops. Everyone is extremely smart and driven towards a common goal, and we also enjoy each other's company both in and out of the office. There's also respect for having a life outside of work and a good sense of balance. Huge opportunity to take on as much work as you can handle and drive your own workstreams and outputs. I've found that my scope of responsibilities is quite large, and since joining, I've broadened my skill-set significantly in areas I wanted to expand upon.

Cons

Coordination with Berlin can be difficult at times given time zones and hypergrowth there. Nonetheless, people always are willing to help out and make themselves available when needed. Small team size as of now means fewer hands to help with all that needs to get done. That said - plenty of opportunity for new joiners to take on key tasks and responsibilities as we continue to grow the team

32
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N26 Response
7y
Thanks for sharing your feedback with us and your experience of working at N26.
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