Openpay Reviews

3.6

64% would recommend to a friend

(99 total reviews)

Dion Appel

72% approve of CEO

52% positive business outlook

Openpay has an employee rating of 3.6 out of 5 stars, based on 99 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Openpay 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

99 reviews
1.0
26 July 2021
Recommend
CEO approval
Business outlook

Pros

Management great at painting beautiful pictures.

Cons

Incredibly slow in decision making. More reactive than proactive. Incentive program is poorest I've ever worked for. A couple of the C level execs seem to have chips on their shoulders. In group session they are smiling, but one on one, they are the exact opposite. Horrible at following up on what they say they are going to do. (especially former Chief Commercial Officer and now CEO) Very political. I'd strongly recommend being careful in going to this company especially if you're not certain about the move from your current position.

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Openpay Response
4y
Hi There, I am grateful for the time you’ve taken to provide us with your feedback and to let you know this has been passed on to Michael given the concerns you have raised. While I acknowledge the feedback that you have provided and the negative opinion that you have of the company, I am also aware of the circumstances surrounding your departure from Openpay and with that knowledge, I can't help but question the nature and intent of your comments. In the interests of providing the 'reader' with facts to allow them to form their own view, I have chosen to respond to some of the concerns that you have raised. As a company, we seek feedback as a way to improve. From quarterly pulse surveys to our annual Culture and Engagement survey and the 'nothing is off limits' Q and A during our monthly town hall meetings, we are gathering team member feedback (all of which is anonymous), from before someone starts with us to the day they depart. I am confident that the data we collect through these initiatives provides us with not only an accurate and up to date picture of 'whats happening' at Openpay, and allows us to identify the key areas of concern or opportunities that need addressing, but we are able to track and measure the impact of these improvements. While I acknowledge and believe that we can always do better, the company has a positive track record of turning feedback into actions and I am proud of the growing number of programs, initiatives and improvements that have come as a direct result of the feedback of our team. I believe our approach of being transparent with this feedback and involving team members in the solutions here have contributed to a reduction in our attrition rate in FY21 and a further increase in our engagement score. We aim to provide our team with pay and benefits that motivate, inspire and reward those who excel. Our exisiting incentive program within growth rewards based on the achievement of group and individual revenue targets and I'm pleased that are able to reward team members for their efforts when they hit and exceed their targets. To build on this, we're currently putting the final touches on new performance incentive programs which aim to recognise performance in roles beyond just growth and to provide meaningful ways for all of our team to benefit from the long term success of the company. As a member of the Senior Management team, I've long suspected that there may be a few with hidden talents amongst my colleagues. I'm confident however that painting is not one of them! I have been impressed with the storytelling abilities in the team, which I'm thinking is what you were alluding to in your critique. Being able to paint a picture or create a 'vision' of what is possible so that a team can be engaged and attach themselves to a mission or goals, is an important skill and one that can make a leader great. Displaying poor behaviours on the other hand, does not. As you know, the People and Culture team are available for team members to raise any concerns regarding the behaviour or conduct of a leader or another colleague. Our Whistleblower line is another avenue for raising such concerns with the option of making an anonymous complaint. I assure you that had any such complaint have been made by any team member regarding the inappropriate or unethical behaviour of any member of our team - no matter their position, that appropriate action would be taken. A public platform such as this is not an appropriate forum to raise serious concerns regarding the character or conduct of a colleague, especially as they are not afforded an opportunity to formally respond, therefore I encourage you to contact me directly to discuss your concerns in more detail, confidentially. As a company, we are committed to supporting the growth and development of our leaders. To support our regional leadership teams, we recently announced the introduction of our new global operating model (a change which was informed by the feedback of the team!). While we are still small enough to know everyone by name, as we scale into new regions, we wanted to ensure that our teams have the freedom and autonomy to make decisions at a local level that will help them win their local markets. This will also lead to quicker decision making, less reactivity, increased ownership within each region...the list goes on. While your time with us has obviously been impacted by the response of the business to your actions toward the end of your tenure, we nonetheless, wish you all the best with your future endeavours.
1.0
13 May 2020
Recommend
CEO approval
Business outlook

Pros

Some good people. Decent office in a good location. Many opportunities to learn (mostly what not to do).

Cons

Openpay seems impressive from the outside but have a shambolic operation and do not care about their employees or customers. Don't be fooled by their buzzwords or values that they don't follow. The product is poor at best, riddled with issues that come from a lack of customer centricity. Any employees that try to raise this or make real improvements are met with hostile treatment from leadership who foster a political, toxic and divisive culture derived from a lack of accountability and head in the sand approach. This is a sentiment that is shared by majority of employees, note that most positive reviews come from those that have been at Openpay for a short period of time. This is because you realise very soon how bad the company really is. Don't be fooled by the talk, it's all smoke and mirrors.

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Openpay Response
6y
Hi There, Thank you for taking the time to leave your feedback. While we love our new office too, it is a shame that during your time with us, you were not able to experience the many other initiatives that the business offers - not only to contribute to learning new skills and knowledge, but to improve the health and wellbeing of our growing team. Like you, we're not a fan of smoke and mirrors so rather than taking my word for it, I thought you would be interested in knowing what others in the team think. In our most recent team member survey over 70% of our team strongly agreed that our managers care about their health and wellbeing; nearly 80% of our team say they are motivated to contribute more than what is required in their role and nearly 90% stated that their thoughts and feelings are respected. While it makes me proud to see the engagement of our team improving quarter on quarter, I understand that in some cases, we aren't able to meet the expectations of everyone, as seems to be the case with your experience. As we have grown at such a rapid rate, its to be expected that sometimes, things may not go as well as they could have however we are committed to creating a great place to work for our team so invite you to touch base so we can discuss your experience in more detail. We can be contacted at peopleandculture@openpay.com.au
3.0
7 June 2021
Recommend
CEO approval
Business outlook

Pros

Fintech Sector- Exposure to Buy Now pay later Industries Good technology involves Expanding business in USA.

Cons

Less Salary No promotion or Growth Micromanagement is there, Manager dont know how to talk with team members especially in support.

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Openpay Response
4y
Hi and thanks for leaving your feedback. Our launch into the US is gaining plenty of traction and we’re excited to be taking this huge leap forward! I don’t think there is a single person around who wouldn’t be happy to be paid more. We conduct annual benchmarking based on each role and its responsibilities, to ensure that we provide remuneration which suitably recognises the contribution, the impact and level of responsibility associated with the role and the individual. We review salaries across the company annually and offer our team have a growing number ‘values adds’ which including allowances for home office equipment and running costs, 18 weeks of paid parental leave, access to 5 weeks of annual leave per year as well as a wide range of discounts and offers from over 400 retailers in each country we operate. We also recognise that career progression is important to our people and have set internal targets for the placement of existing team members into new roles. Last year over 15% of roles were filled by our existing team and this year we aim to better that result. As you can respect, the past year has been difficult for society in general. We consciously took a conservative approach to our hiring process throughout 2020, as a measure to ensure we preserved the company and the roles of every team member. While this may have resulted in fewer opportunities for progression at the time, it meant we were able to invest in areas which allowed us to bounce back stronger and has enabled us to unlock an increasing number of opportunities for our team to build their career with us. With respect to your experience with your manager, we take the conduct of our leaders extremely seriously and we maintain high standards as to how they should lead their teams to success. We gather feedback from our team members on a regular basis and use this to make improvements in areas including our work environment, processes and our people practices. In our most recent survey, our Application Support team which you were part of, returned an engagement score of 89%. This level of result is one I am proud of and while I understand that we were not able to meet your expectations, I am reassured that we are creating a great place to work for the others in the department. Thanks again, I wish you all the best for your future endeavours.
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