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Threshold Financial

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Threshold Financial Reviews

3.0

28% would recommend to a friend

(7 total reviews)

Matthew McIver

79% approve of CEO

Reviews by job title

7 reviews
1.0
Aug 27, 2013

Sinking

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Free Coffee, You start at three weeks vacation, You might meet some nice and talented people. Ok benefits - although we never received the benefit advantages of being part of Brink's

Cons

Threshold is not making the transition from a small to medium sized company; the senior management style is still that of a company of twenty people. Since being bought by brink's this company is going into a death spiral. Threshold oversold their abilities to Brink's who bought them for their managed services ability. Management does not understand the products and how the company fits together so their initiatives and activities seem random and without clear direction or thought. Management positions are almost always filled with a parachute from outside, very little movement from non-management to management. There is no ground up comprehension of the company in management so their understandings of how the company works are very simple, generic and out of a textbook. Bad empire building going on with no open hiring policy for management. People are brought in who will be loyal "yes men/women" . all former employees, all from the same company (specific to operations but also in IT to a smaller degree) This has created a closed door policy where ideas and thoughts are not well received for fear of reprimand or worse. There is no succession planning, so there is no advancement - your advancement is seen as a burden on the company and management to find and train a replacement. (now they have to train two people, you for the new job and a new person to do your old job... ) Operations is a mess, with multiple re-organizations and the replacement of almost all management. As a result no one knows the solution and how operations fits into the other departments. (average seniority in ops management is about one year) - suspect that there is incompetence due to empire building (who they would like to see in the position vs the best person for the position) There is no focus for the company - direction and road map - the only road map given is (save money, and make money) but no company wide directives and initiatives as to how. Very generic initiatives where the idea is tossed over from management when it is clear they have no idea how to move from current state to their desired state. Instead you see random isolated departmental and team initiatives that don't create any return on the effort put in and often cause larger problems by interfering with other departments or other interdepartmental activities or processes. There is no established PMO or BA procedures for projects, so projects are almost always over budget, over time and poorly implemented. PMs are expected to be more like baby sitters and defacto team leads. BAs are not used in the traditional sense on projects (PM BA interaction) - you want to save money, implement new revenue generating initiatives, increase efficiency, increase customer satisfaction, boost moral, foster team work - I suggest start here. Forget about vacation - as stated - go to another country that does not have cell phone coverage.. cell phones... telegrams, . They will contact you any time, holidays, leave, etc. even though you are not contracted to be 24/7 support.

3.0
Apr 6, 2018
Recommend
CEO approval
Business outlook

Pros

Great customers, great opportunities to learn about the Financial Services industry.

Cons

No ability to grow, continuous acquisitions cause unnecessary stress and worry for employees.

5.0
Jul 3, 2016

Management

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Amazing family culture. The president(Matthew) believed in the people and supported them. The senior management team were second to none.

Cons

The only con was the long hours however you were compensated for in with random rewards and/or great year end bonuses.

Viewing 1 - 3 of 7 Reviews

Glassdoor has 7 Threshold Financial reviews submitted anonymously by Threshold Financial employees. Read employee reviews and ratings on Glassdoor to decide if Threshold Financial is right for you.