NewTek Reviews

3.5

53% would recommend to a friend

(52 total reviews)
avatar

Michael Hallén

64% approve of CEO

52% positive business outlook

NewTek has an employee rating of 3.5 out of 5 stars, based on 52 company reviews on Glassdoor which indicates that most employees have a good working experience there. The NewTek employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

52 reviews
2.0
24 Dec 2019
Recommend
CEO approval
Business outlook

Pros

Products look cool. Relaxed attire and casual project deadlines

Cons

Everything. Low pay & bad benefits (expensive health insurance). No Training. High expectancy to perform well and unclear instructions to no guidelines. Terrible working office.

2.0
14 Aug 2017

Innovative technology but not leadership

Recommend
CEO approval
Business outlook

Pros

NewTek has put much focus on building a corporate culture that includes families. Cutting edge technology. Good bonuses if you are in management.

Cons

Other than the president of the company, most upper level management is more concerned about themselves than building a successful company for all employees. New managers have all come from AVID and brought some of the negatives of AVID's culture to this company. For a new employee, it is difficult to grow and get promoted. You must come in as a manager or your pay will remain low. Little accountability for employees who don't do a very good job.

1.0
11 Nov 2014

Insecure technology company

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Fun atmosphere. People were generally nice. Nice perks like free soda and pizza, payday parties. Management generally open to suggestions and ways to improve things. Very relaxed attire and very casual project deadlines. 9-6 pm hours with the occasional 1.5-2 hour lunches, personal time and sick time perks. Dogs are allowed, even the really stinky ones.

Cons

Poor communication, from the top down. Upper management have trouble relaying important information to personnel. Difficult to get things paid for, as in hardware. It's easier to expense your hardware needs and have your money reimbursed. Seems it the only loophole to getting certain budgets approved. Very poor security. There had been several robberies and break-ins, and not to mention internal theft runs rampant. Very poor accounting system to log your vacation and personal/sick time--it's a spreadsheet. No time tracking or project management software to help move projects along, fogbugs is a very poor platform for this. Lot's of internal bickering and pointing of fingers when things don't go as planned, the company's reliance on open and free software like skype, really make it a very unreliable system. You have to keep all your emails and skype transcripts because decision makers often change their minds, or play the blame game. You have to watch your back. There are many dividing lines within the company, many little departments, and most of them can't seem to get along with each other. Lot's of low morale. The company has a don't care stance on employees who resign. I had to sign a form saying I wouldn't try to encourage other current employees to resign. Very immature and insecure of the upper management/legal to have that clause.

Viewing 1 - 3 of 52 Reviews

Glassdoor has 57 NewTek reviews submitted anonymously by NewTek employees. Read employee reviews and ratings on Glassdoor to decide if NewTek is right for you.