Horrible Benefits package, limited opportnity for growth, no perks to work here - Anonymous employee Molex Employee Review

2.0
5 May 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Well recognized global and financially strong company. Strong communication about stability and outlook for the company, Relocation and/or sign on bonus for more experianced employees.

Cons

Sub-standard benefits package (0.25% match up to 4% of salary= 1% total match)- this is one of the lowest in the industry, might as well be 0%. They say this is because of the 'lucritive' profit sharing program... which has been eliminated, and wasn't very much to begin with. OK Medical and dental insurance, but no vision insurance available. Vacation package is a joke - 10 days/year after 2 years (15 days for your first 2 years TOTAL) Vacation package is NON-NEGOTIABLE upon start, regardless of your work experiance. No personal days- period. Comp time? Forget it. The 6 month and annual performance reviews take hours to fill out, only to never hear anything back from management on how you did. However, if you had any errors or performance issues, it only comes up during the review time- like a slap in the face. They require you to hold your employee stock purchases for 6 months before you can do anything with them. Everyone here seems to be mad at the world or something, I can't tell you how many times people pass you in a hallway and just grunt or stare blankly as you pass them. This list seems to get bigger and bigger as the years pass, it just seems like every time I turn around an employee "perk" is thrown out the window. (annual holiday turkey for your family, summer time icecream social, reimbursement for home internet, annual profit share, tuition reimbursement, milestone anniversary bonus- 5 year incriments, etc) Now I know there has recently been a recession and a lot of companies cut programs and incentives.. but most of these cuts were made PRIOR to the first sign of a recession (early 2008). This is just my opinion- these things may not be of importance for you.

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.

See reviews by: Helpful|Rating|Date|All