Fidelity Investments Employee Reviews about "upper management"

Pros

- Coworkers are friendly and helpful - External educational courses are covered

Cons

- Compensation is far below industry average and there is absolutely no negotiating with HR. As you move up, your salary increase is a fixed percentage on top of your current salary so if you come in with a low salary you'll never make much regardless of the position you move up to. - Bloated middle and upper management. Lots of directors, VPs, and SVPs with no apparent purpose. - Senior management is old and just waiting to retire. They don't want to take any risks or implement any changes. The company is a slow moving dinosaur. - The company is still very sexist and racist. Still predominantly run by old white men.

Pros

I made some friendships while I was there. Everything related to my actual job was horrible.

Cons

The upper management all sort of do there own things and have their own expectations, creating confusion throughout the company. I don't think Abby really has control over some of her subordinates. Site management changed every year that I was there, adding to the confusion. Team managers have entirely too much power and there is very little recourse given to appeal their decisions or seek redress of grievances when they act in an inappropriate manner. The pay is well below industry standards and while you are able to make lateral movements within the company, moving up is EXTREMELY difficult. Pay raises rarely keep up with inflation and while I was there our variable comp was changed making it impossible for anyone to meet the new standards. My pay went down a couple of thousand dollars per year as a result. HR is not responsive and negligent at times. I went an entire year without insurance because I was somehow disenrolled in the plan that I signed up for when I got hired on. HR knew that this mistake had happened and it was documented in their system, but they didn't do anything in time to correct the problem despite my contant pressuring them. The company became even less invested in its employees during my time, essentially turning from a somewhat tolerable work experience into just another high turnover, turn and burn call center.

Pros

Good benefits 401k match Good PTO/VTO Easy paycheck; no brain strain

Cons

Call center job No opportunity for career growth outside of the call center Indifferent upper management Boring and repetitive Reduced to a number and your stats No opportunity for projects/collaboration Soulless Information poorly communicated to front line representatives

Pros

energetic technologists, great community, dress code changed to jeans/polo all the time as of a few years ago, great gym and caff.

Cons

upper management sometimes seems more interested in "owning" decision making authority over ensuring the best decisions are made. frequent changes in tech stack directives

Pros

Plenty of OT available. Some schedule flexibility, ability to het higher bonus depending on performance

Cons

Pay not competitive, limited yearly raise ( top performers got 2% last year), promotions from this level require personal connection and friendship with next level management. Lots of politics involved in being promoted. Being a top performer is not the decisive factor! Team members don’t have a way of reviewing managers. Upper management has no way of knowing what team members think of their bosses. Very top down management style