Molex is not the company John Sr, John Jr and Fred created - Director Molex Employee Review

3.0
19 Apr 2009
Recommend
CEO approval
Business outlook

Pros

Well respected by global customers and competitors in many industries needing electrical and electronic interconnects. Great opportuntiy to work with people around the globe including suppliers, customers and fellow Molex employees. The benefits package is among the best in any industry (probably excluding investment banking!) that includes profit sharing, 401K match (only about 1%), stock options, bonus and employee stock purchase plan as well as medical, perscription and dental for monthly amounts less than what other employers charge. Great team atmosphere. In house exercise facility with quality equipment that ranks better than most workout facilites available at no chager to employees.

Cons

Opportunites for promotions are not posted. It appears that some employees are picked for promotions and continue getting promotions regarless of sucess or any solid accomplishmets in the previous positions. The current management is intent on watching competitive financial benchmarks and driving Molex costs down to similar levels. Often these benchmarks are from companies larger than Molex or companies that are in different markets. Molex has a stated goal to grow twice as fast as the industry but managment appears to fail to realize that this growth goal will take more people and investments than competition, putting the the goal of meeting competitive benchmarks in conflict with the growth goal of twice the industry average.

Explore other reviews about Molex

5.0
8 June 2026
Recommend
CEO approval
Business outlook

Pros

Molex is a great community. There are a wide variety of professional employees to network with. It is a very large company, but a small community.

Cons

Decisions from upper management, do not always trickle down through the organization. Not all of the departments follow the same guidelines. Case in point is remote working. different groups have different allowances. It is a small thing, but an area that could improve.

2.0
6 June 2026
Recommend
CEO approval
Business outlook

Pros

Benefits are very good for a company this size

Cons

Team is run based on last minute requests and on a lot of meetings to join leaving little time for your usual work. Director likes to devise “innovative” ways to get sales to give more information but instead it translates to chaotic management and more stress for demand planners. There are a lot of stress placed on leads for not getting their teams to get to unrealistic goals with an unsupportive sales team. There are hardly any consistent reviews for employees but it’s not unusual for employees themselves in PIPs. Overall I would say it’s a chaotic management style in this team. Pay hits industry average but not much more. Additionally there is an overemphasis on being in the office in this company because they recently invested millions in renovations so they track your badge swipes. There are really no company wide events to get people more unified other than a quarterly CEO town hall that managers force everyone to attend.

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