No 401k matching and Inability to use PTO. Poor communication and consistency in department. - Collector SoFi Employee Review

2.0
8 Sept 2023
Recommend
CEO approval
Business outlook

Pros

They don’t micromanage which is a huge plus which is why I’m going with a 2. Lots of contests where you can earn Amazon gift cards Good pay

Cons

Limited staff so requesting more than a day or 2 of PTO is difficult. You may be someone who’s reliable and consistent but don’t plan vacations in advance because you can only submit within an 81 day window and you need to run this by management first then wait to see if it’s approved and hope you can still get decently priced airfare or hotels for a family vacation. They specifically say not to purchase any tickets or make plans before consulting them first but again you can only submit it within 81 days and that it’s not a guarantee. it used to be 60 days but it took people complaining for them to move it to 81 days. It shouldn’t take complaints to do the right thing by your employees, especially where doing the right thing is one of their values. They don’t match 401(k) but they had stock options. Used to be available to management only but I believe they’re doing away with that too. Stock options for Sofi, which isn’t valued at much. The personal loans department is inconsistent, organized, and with constant changes being implemented. I hope other departments ran better but if this is any indication, I would say not likely. There’s constant changes to policy that it’s hard to keep up. There isn’t a grace period to give you time to learn the new changes before new ones are implemented. By this I mean, if you have calls graded by QA you won’t have any leniency or a grace period while you try to implement the new change it’s effective immediately, so you’ll be expected to pick this up immediately or fail calls. Managers are not on the same page. One manager will tell you to handle a situation one way and another manager will tell you the complete opposite. There’s no consistency or communication between management. This trickles to employees and we’re penalized because one person told us to do some thing a certain way that you’ll learn the hard way was not accurate. Constant misinformation. Management can work on tact. If you go to ask questions to clarify, expect to receive a condescending response and expect to leave the conversation feeling like an idiot, and as if you are an irritation to management. They constantly say they care about your input but this is the same as it is at every other large company. They don’t actually care about your input unless you’re singing their praises they don’t really want to hear about it. It’s best you keep your mouth shut if you want to stay in everyone’s good graces. Expect to be open to schedule changes every six months. Your schedule is not a fixed schedule. You will be asked to change it every six months and you’re at their mercy to see if you can keep your current schedule. If you’re a top performer, you may get first pick, but if you are middle or bottom of the pack based on your performance, don’t expect your schedule to stay the same. It goes back to their values specifically doing the right thing and I’m sorry they have a long way to go when it comes to doing the right thing by their employees.

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SoFi Response
2y
Hi There- we really appreciate you taking the time to leave such a candid review. While we are happy to hear you feel empowered to own your work, we are disappointed to hear that your overall experience is not meeting your expectations. We hear you on the 401k match, and rest assured this is top of mind for our benefits team as we continue to evolve our offerings. We understand your concerns around PTO. As you know, working in an operations environment, schedules are largely informed by volume and capacity planning which doesnt always allow us to forecast out very far in terms of time off however we do our best to work with employees on a case by case basis to ensure their schedule is accomdating. Our Workforce Management team regularly looks at data to anticipate staffing needs and are in constant contact to make sure we have the right team in place at the right time. We recognize the pace (both at SoFi and the industry) is fast. We are agile and are always looking for opportunities to be better and do better. We welcome people's feedback and appreciate the opportunity to revisit and determine if there's something we can iterate on. Additionally, we are committed to equipping managers with the tools and resources they need to create an inclusive, supportive work environment where their team can do the best work of their lives. We would like the opportunity to directly address some of your concerns, so we encourage you to reach out to your PBP, a trusted executive, or email us at glassdoor@sofi.org to continue the conversation. We really appreciate the feedback.

Explore other reviews about SoFi

2.0
6 June 2026
Recommend
CEO approval
Business outlook

Pros

You are only required to work from the office 1 day of the week and the rest from home. The Benefit package is great. The company has free snacks, fruits and drinks at the office and it provides the employees with lunch at least once a month while at the office.

Cons

You are literately a modern day slave with low pay and a tone of work. After a few months you have to get upskilled (more work) without any additional compensation. You are constantly evaluated: First call resolution is huge, the goal is for the member not to have to call back in at least a week. The company wants the call to last less than 5 minutes (or you get dinged). The company wants the members to respond to the surveys and if they don't it counts against you. if you go on chats, you will have to serve maneuver between two different once at the same time. You ONLY get a 30 minute lunch break and two 15 minute breaks. It is difficult to go to the restroom because while on the phones there is NO actual bathroom disposition and so you will get dinged and if it takes you longer than 5 minutes you get a message from intrudium informing you that you are out of adherence. The technology is the worse I have ever had to work with. It uses a program called Zscaler that is constantly disconnecting and when it does, it interrupts all of the other programs that are required to work with, in which case you have to inform WFM that you are having tech issues either by telephone or by sending a Workflow and hope it gets approved. While in training you are informed that you will only get paid up to 1 hr while having a tech issue. Workflows are huge and used for everything, including if you are suppose to clock out for the day but you are still on a call and it makes you go over 5 minutes (or you get dinged). Putting in for PTO or Sick Time is also not easy either, it's all about the companies needs so, hopefully you will get approved or maybe not. H.R. is only there a bit while you are hired and of course if you are let go but other than that, not sure what they do because there is no real connection.

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SoFi Response
3d
Hi there, thank you for leaving a review. We're sorry your experience didn't match your expectations and encourage you to reach out to glassdoor@sofi.org to discuss your review in more detail.
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