First Data Employee Reviews about "no 401k match"

Updated 20 Mar 2019

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3.0
47%
Recommend to a Friend
51%
Approve of CEO
First Data Chairman and Chief Executive Officer Frank Bisignano
Frank Bisignano
1,227 Ratings
Pros
  • "Great people to co-work and they all are professional(in 131 reviews)

  • "Good people to work with, friendly work environment(in 93 reviews)

Cons
  • "It used to be a great company, the benefits were great, the retirement plan was awesome (401K match), I wasn't worried about getting laid off(in 166 reviews)

  • "Upper management does not consider workers views(in 90 reviews)

More Pros and Cons

Reviews about "no 401k match"

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  1. Helpful (352)

    "Anonymous former employee"

    5.0
     

    I worked at First Data

    Pros

    The people at First Data are great! That's it, nothing else. Don't come to FD. Everyone is trying to get out.

    Cons

    Everything. Stay far away. They bring you here and then do everything to screw their employees. Cut all benefits, misrepresented stock opportunity to new hires - blatantly lied. No 401k match. No regard for employees - viewed as easily replaceable. Wouldn't know talent if it hit them in the face - and don't know how to develop and engage their talent. Lie to employees about everything and put a 'spin' on everything. No integrity, 0 ethics. The worst company I have ever worked for. Would never refer an enemy here. CEO is constantly devising new ways to take money from employees. What company pays more stock than cash to the majority of employees? First Data. CEO may have been good at Chase but why wasn't he next in line for CEO? He has no people skills and just doesn't give a hoot about employees. Too much more to list. Stay away.

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  2. Helpful (11)

    "Benefits were very bad"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Recruiter in Coral Springs, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Data full-time for more than a year

    Pros

    Coworkers. Some amazing people I had the chance to work with while there.

    Cons

    Horrible Benefits, no 401k matching, CEO was the absolute worst, Senior Management was horrible.

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  3. Helpful (15)

    "Project Manager"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Manager in Omaha, NE
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at First Data full-time for more than 5 years

    Pros

    Opportunity to learn and meet some good people.

    Cons

    Long hours, great lack of caring from management, FREQUENT layoffs that make no sense. Company is behind the time w technology. Top managment obvioulsy completely disconnected and doesnt care about employees. No 401k match.

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  4. Helpful (18)

    "Don't Fall for the Planted Reviews with this Company!"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President - Technology in Omaha, NE
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at First Data full-time for more than 10 years

    Pros

    Great people who've been with the company a very long time.

    Cons

    All new upper management in the past 5 years are from the good ole boys club. Terrible promotion opportunities, Stock that takes 3 years before you get 60% off the full value. No 401K matching. You are self insured with regards to Health Insurance, in my 20 years of working here I witnessed several people let go who had medical conditions.

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  5. Helpful (4)

    "Relationship Manager"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at First Data full-time

    Pros

    Flexible Some great people Great assets

    Cons

    No 401k matching Poor financials that impact employees and customers

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  6. "Information Security Officer"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Data full-time

    Pros

    You will get an opportunity to work with all levels of the Company Fast paced and results driven You will be provided many job opportunities You are always on the move - never a day when you're not doing something meaningful for the Company

    Cons

    Limited work life balance (but you get that with all in the FS sector) WFH is limited No 401K match All HDHP with HSA and FSA

  7. Helpful (3)

    "Network Engineer"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Network Engineer I in Omaha, NE
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Data full-time for more than 3 years

    Pros

    New technology, always busy, good pay, great people, good working autonomy, great teamwork in my department.

    Cons

    No 401k matching, expensive insurance (thanks Obama), multiple inefficient lower level management employees

  8. Helpful (12)

    "Hanging in there"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Manager in Atlanta, GA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at First Data full-time for more than 3 years

    Pros

    A cube, a paycheck, middle management that sincerely want to do better

    Cons

    fragmented business, culture of silos and power struggles, meager increases, really old systems that don't work, no clear stated vision, no clear stated strategy, poor employee benefits, no 401k match, old people with old ideas and old methods working competing against small companies that are agile, security has a card blanche and the business gets the scraps

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  9. Helpful (13)

    "Project management"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Project Manager 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at First Data full-time for more than 5 years

    Pros

    You work with some good people. Immediate management tries to look out for staff. Not much else good to say.

    Cons

    Too many to list but here’s a few: Resources cut and existing staff expected to work a lot of “over time”. Explanation- you’re salaried & are expected to work whatever it takes to get the job done. Then they preach that you need to practice work/life balance. Senior leadership doesn’t seem to have a clue the damage they have done by cutting resources to the bone but blame everyone else for all the mistakes. Instead they continue to over promise to clients & tell staff just get it done. Instead of rewarding those that stick around they pay new hires more than existing employees. Not to mention no 401k match, bonuses in worthless stock, and limited vacation time that you can’t use because you’re too busy to take time off.

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  10. Helpful (6)

    "Ask a lot of questions"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Management in Omaha, NE
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at First Data full-time for less than a year

    Pros

    Company looks bright and shiny from the outside

    Cons

    No compensation for promotions Extremely low budget for any type of merit increase No 401k match even though company is doing well Constant re-org and layoffs Top level heavy

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Found 114 reviews