Oakam Reviews

3.1

54% would recommend to a friend

(157 total reviews)
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Frederic Nze

60% approve of CEO

41% positive business outlook

Oakam has an employee rating of 3.1 out of 5 stars, based on 157 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Oakam 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

157 reviews
1.0
28 Feb 2020
Recommend
CEO approval
Business outlook

Pros

there is absolutely nothing good about this company.

Cons

Most of my colleagues who have left Oakam say that it was their best decision. I am looking forward to that day! This company used to be and is awful to work at, but it had some beautiful people. Every year the CEO has to bring new people to run the company. Because, as people realized what a s-show this place is, usually in 12 months or so, they leave. The head of compliance went within 3 months. He is smart. I have now witnessed 3 town halls over the last 2.5 years where CEO will say that "this is the best team we have ever had at Oakam and we are in a great place". The time before the last he said this, we went into administration the next month. There are no more wonderful people in this company. If you ever wondered how East India Trading company treated their slaves, then come work for Oakam.

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Oakam Response
6y
Hi there, thanks for leaving us your feedback. It is indeed true that we have had a change of management a few times in the last 5 years, however, it is only with new and more effective management that the company can continue to grow and move towards a more progressive state of the company. Since Administration, our CEO had taken close to 12 months to rebuild our new executive team and we're working towards a new set of OKRs that will propel the company towards a better future. We've had a number of leavers in the last 6 months that had either left due to underperformance or voluntarily for better career progression after they have been with us for 1-2 years. Our head of compliance had decided to pursue a different opportunity and although he is dearly missed, we can only wish him the best. I hope that if you have any concerns about your future, you will reach out to the People team to gain support and we'll do our best to make sure if you're a high performer right now, we are here to support you.
1.0
19 Feb 2016
Recommend
CEO approval
Business outlook

Pros

Only part time work max 16 hours. If you will work more - COMPANY WILL TREAT YOU AS RUBBISH!

Cons

If you want to be a cleaner, leaflets carrier and also painter This is a job for you. If you want to work for minimum wage without bonuses This is a job for you. If you want to lie to customers because COMPANY need achieve target This is a job for you. If you do not have a private life This is a job for you. If you want to work in constant stress This is a job for you. If you want to work in an atmosphere of intimidation and informer This is a job for you. Dissuade!!!

2.0
14 Mar 2016

Has so much potential, but...

Recommend
CEO approval
Business outlook

Pros

It gives a great opportunity of learning and growing. Great experience for the future and building a career because you learn so many things, from retail to management, to call centre work, finance work and you learn how to underwrite really well. They make an effort to help the staff learn and keep they teaching them, you'll find yourself learning a lot. some people are really amazing and great to work with. you'll find giving and warm hearts willing to help you bring out the best in you.

Cons

Employees are told off a lot for not reaching the impossible targets. Many feel so stressed they stop performing. the paradox of being pushed so hard to perform and achieve the targets, to the point where you're forced to lower your risk instincts out of fear, versus all the consequences you get if your loans become Never Paids/write offs, which messes up your scores as an underwriter, is insane. The constant fear of both is very stressful and confusing. Management is really bad, and they don't take in what we say even though we are the ones dealing with the customers daily. We see ourselves losing customers due to the everyday harassment through call after call, still they keep pushing us to call again and again. Its sad when we make such an effort to build a relationship with them and then see them blocking our number or getting so upset at us because they cant take the amount of calls oakam is giving them. it feels like the management lacks basic understanding of customer service. It doesn't matter how cold it is outside, we are pushed to leave the doors open, even the stores with automatic doors that open as soon as someone walks by are forced to stay open, and of course, staff members get sick. and that's the cycle of working at oakam.

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Glassdoor has 165 Oakam reviews submitted anonymously by Oakam employees. Read employee reviews and ratings on Glassdoor to decide if Oakam is right for you.