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Grameen Foundation

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Grameen Foundation Reviews

3.4

38% would recommend to a friend

(76 total reviews)

Steve Hollingworth

97% approve of CEO

34% positive business outlook

Grameen Foundation has an employee rating of 3.4 out of 5 stars, based on 76 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Grameen Foundation employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

76 reviews
2.0
13 Mar 2015

Losing steam.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are some very talented people at Grameen Foundation. Most of them work on the US West Coast or in the international offices. They have great ideas, great work ethic, and impressive intelligence. If you can work with those people, you might enjoy working at Grameen Foundation. Another pro is that GF uses modern technology, like Salesforce, which I've come to really miss since moving on to my next employer. Lastly, the work-life balance issue probably varies from team to team, but I had a good experience with it in that I could work from home when I needed and rarely had to work more than 40 hours in a week.

Cons

While some international offices might have a data-driven strategy for creating positive economic change in their communities, the organization overall seems to have run out of steam, and some of GF's international programs seem very close to shuttering (turns out it's really hard to raise money for programs with no strategic direction.) Senior leadership seems to have run out of good ideas, they don't have the discipline to solve hard problems, and they stubbornly resist acknowledging failures. The CEO in particular is extremely out of touch (the roof could be on fire and he'd insist on telling you about all the "important" people he schmoozed with on his latest trip to God-knows-where.) Meanwhile they've had a troubling number of lay-offs in the last couple of years, which makes me think that GF is in really serious financial trouble.

1.0
22 Nov 2019

I've never seen it worse

Recommend
CEO approval
Business outlook

Pros

The remaining people care about each other. GF has a great mission statement and works towards a noble cause. People who haven't gotten fired care about the mission in a deep way and deeply understand the roots and cultural causes of poverty, inequality, gender, etc., and are not driven to the mission in a fake, "bleeding heart" way. The current CEO comes to the work with a lifetime of experience and has a big heart. He didn't cause this mess. The health insurance was great for a non-profit.

Cons

Every now and then I check back on GF to see if they're afloat anymore. Funders see through the BS and know that the organization is a shell of what it used to be. GF is burning through its assets and reserves to stay alive. Morale was as low as it could've been. People's friends and coworkers were getting chopped left and right. The organization completed its third round of layoffs in as many years. HQ offices are nearly empty, now only housing CEO and junior staff. CFO? CDO? COO? Forget about it, they got laid off or quit. Look at the 990s. The executive team is different every single year. Vacant positions go unfilled (no funding) & are either absorbed into other positions or, more often, the work that the position was responsible for is not done. There is no diversity of thought, in any way imaginable. Everyone thinks the same. Staff who are still around lament the same things and all tow the same complaints. Others are written off as not being culture fits. What culture?? HR (consisting of one male) is basically non-existent and, when around, arrogant and offensive. Disastrous people management. The organization is in crisis mode, and a culture of gossip and rumor spreading has taken hold. Product of exceedingly low morale and all mid-level managers being laid off. Shame on those who still work there and perpetuate this while selling a mission of growth and future promise to external partners. GF has suffered chronic financial mismanagement dating back to before the merger. Take a look at the annual reports and 990s for proof. What funder would support that? There's no CFO. Financial administration staff down to just a few people. Stupidly, stupidly high overhead and a total mismanagement of unrestricted resources. Spending in organizational reserves-- real revenue/expenses far in the red. Executive management continues to globetrot on the exhaust fumes of sold assets while junior staff don't have a budget for office supplies. I strongly recommend anyone looking at GF as a partner in any way-- a consultant, employee, funder-- to stay away from this train wreck.

3.0
25 Feb 2017

It's Complicated

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Grameen Foundation has great people, a great mission, and a cool history. It has historically had great work/life balance and flexibility, though in 2016 those perks started disappearing. Its leaders care about the work they are doing and strive to do it well. Lower level staff are amazing - keeping the place running despite strategic confusion, inadequate staffing, and poor internal communication.

Cons

Grameen is top-heavy. There has been effort to slim down the number of senior leaders pulling in bigger salaries, but the pendulum swings back to the top-heavy side pretty quickly. Meanwhile, there are far too few lower level staff to keep the place running smoothly. Far, far too few. And the pay system for these lower level staff is confounding. In some departments, you are likely to be paid fairly in relation to your talent and productivity. In others, you may be paid way less than market rate for your skillset even if you are a top performer. Obviously this leads to low morale, high turnover, and consequently the exacerbation of problems around staffing. It's hard to make money for an INGO these days, and Grameen is not immune to the hardships, but in order to be the lean org it pretends to be, it's got to stop hiring "big thinkers" who don't want to roll up their sleeves.

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Glassdoor has 97 Grameen Foundation reviews submitted anonymously by Grameen Foundation employees. Read employee reviews and ratings on Glassdoor to decide if Grameen Foundation is right for you.