An unfocused company with a CEO that lacks humility - Anonymous employee BiggerPockets Employee Review

2.0
12 Oct 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The people and culture are hands down the best things going for this place. The people here are kind, friendly, and intelligent. The head of HR has done an amazing job of creating a culture that is fun and positive to be a part of. It's not hard to imagine that most people wouldn't be here if it wasn't for her.

Cons

The CEO has hired an amazing group of people, only to micro-manage them into complete apathy. No one is trusted to execute on their role. His only 'trusted' employee lacks any business experience and bears no consequences for his terrible actions. This is capped off by his complete lack of humility. He describes all wins and successes with "I" or "me." And in turn, all failures are labeled with "you" or "us." This is the baseline issue with how he runs the company. With zero business experience to draw on, he feels that only he knows what works best and that all others should simply off inline and execute. What he really wants, whether or not he is conscientiously aware of it, is an agency that he can dictate orders to and not have them try to improve, innovate, or deviate from those orders. All but a select few in the leadership team have ever had leadership experience or even training. And unfortunately, this shows in how things are run. Company goals are not aligned or even discussed at large. Teams function independently with little awareness of what is happening in other departments. Training has been put in place but without buy-in from the CEO, little progress has been made. This is a company with 12+ years of poor practices that have resulted in a product that is held together by hopes and dreams. To this day, there is an apprehension to instilling proper processes because the CEO doesn't find value in them. Projects, initiatives, and marketing campaigns are thrown into the product without planning or understanding of how they will affect other teams or the product as a whole. Short-term business goals are held above everything else. This results in a current process that boils down to pushing the ideas of a select few at the top. And any questioning of this is thought of as 'bad for business.' The only semi-competitive benefit category is the base-salaries. There is no structured raise, bonus, or promotion process. These simply come down to the CEO's discretion. Additionally, there is no 401k matching program. There is a profit-sharing program instead that offers $3,000/year as a contribution. Alas, this program only starts to vest after 2 years, in which you will have earned merely $600 total. This is a "golden handcuffs" style initiative that the CEO has admitted is aimed to reduce the payout to shorter-term employees. **Additionally, be wary of the highly positive reviews that where posted on the same days. 3 posted on Apr 25th 2016 and 2 posted on Jun 23rd 2016. And ask yourself: why do all of these have eerily similar statements–"Keep up the great work"

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BiggerPockets Response
8y
We thank you for your feedback and strive to improve continuously. We are delighted to hear the positive feedback regarding our VP of People and wholeheartedly agree that we have a wonderful team here. We are not sure what to say about your sentiments of the CEO. Thank you for your opinion. We do believe that the vast majority of our employees view him positively, with many even crediting him with changing the course of their lives for the better. Let’s address some of the other points to clarify a few things: First, many companies offer “matches” to 401(k) contributions. At the time of this writing, and for at least a year (maybe two) prior, BiggerPockets does not offer a match. Instead, BiggerPockets gives employees 3% of their salaries, as soon as they are enrolled in our plan. This 3% gift vests 100% immediately and is the recipient's money to keep. We ask you to revisit your benefits package and review this information - we believe it is possible that you misunderstand and underestimate the compensation package. This is our fault, and we hope to again address this at the next All Hands meeting. We do have a profit sharing plan, separate from our year end bonuses. This profit share is at the discretion of the CEO, and does begin vesting starting in year two of employment with the company. Perhaps this vesting schedule is the one that you refer to. Second, we try to be as transparent as possible about our 2017 company goals. These goals, formed by the leadership team, not the CEO alone, are featured on a large 3’x5’ poster in the front of the office and discussed at length each and every month at the all-hands meeting. Additionally, we’d like to remind you that all interested employees are invited to attend our weekly metrics meetings, held at 3:00 PM MT on Mondays. Third, the VP of Operations explained our bonus structure to all employees at an all-team meeting held on October 5, 2017, two weeks prior to the review posted here. The potential bonus for 2017 is up to 10% of employee salary, based on company goals and individual performance. Additionally, and because we hit many of our targets, we introduced an additional stretch goal for revenue, with additional incentives as an opportunity for our employees to be still further rewarded for continued 2017 success. We do believe that we have a wonderful team and a great thing going here at BiggerPockets. As a whole, we have worked hard and achieved many accomplishments, including being ranked #400 on the 2017 Inc. 500 list. Thank you for your feedback. We do hope that you will give us this feedback in one of our regular employee feedback surveys through an official channel in the future, so that we can address your concerns through our official channels.

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Cons

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