Culture destroyed by corporate politics - Anonymous employee RateSetter Employee Review

2.0
Dec 17, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Possibility to work on innovative product that is beloved by its many users. Decent work-life balance. Lots of great people that support each other and are very social.

Cons

Toxic work culture: employees are not valued, there is no transparency in decision making, lots of politics. The morale in certain sections of business is at all-time low, with everyone looking for an opportunity to leave. There is no diversity in senior management - the board is all white, middle aged British males. Incompetent people with horrendous management skills get promoted solely due to their political manipulations.

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4.0
Apr 4, 2024
Recommend
CEO approval
Business outlook

Pros

Good progression Good management Great product

Cons

Communication issues between teams and often misalignment between management

4.0
Jan 3, 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Still a small enough company to feel like you have made a difference and contributed to the goals. - Fantastic products that can help and resolve a lot of consumers monetary dilemmas. - Townhall meetings enable the workforce to be kept up to date with the vision on a monthly basis.

Cons

- A lot of influential people have left in the last twelve months which brings with it uncertainty as to why so many have resigned. - Communication is very poor when decision are made overnight and implemented without warning. - Leadership skills still lack across management. - Restrictive approach to renumeration across the whole company even though there are outstanding performers. This can only be due to the vision and p&l. - Fear more employees will resign and move on if they are not felt rewarded or appreciated. - Employee satisfaction is treated like a tick box exercise with a social committee and monthly questionnaire. For a relatively new business this is not the best approach to take and will not gain better morale.

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