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Pacific Premier

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Pacific Premier Reviews

3.0

49% would recommend to a friend

(225 total reviews)
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Steve Gardner

43% approve of CEO

43% positive business outlook

Pacific Premier has an employee rating of 3.0 out of 5 stars, based on 225 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Pacific Premier 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

225 reviews
1.0
10 Mar 2020
Recommend
CEO approval
Business outlook

Pros

There are some great coworkers

Cons

25% voluntary termination rate + 15% involuntary termination rate. Company purports to have a "no jerk" policy, but the CEO does not practice what he preaches. Company moves at a ridiculous pace, burns out good employees, with little reward and very little equity. Crazy acquisition pace, acquiring banks faster than can be integrated and assimilated culturally. Zero company loyalty and job security; you can be traded at anytime as a result of an acquisition, terminated without cause, or have your position eliminated if you fall out of favor. If you like to work in a toxic environment, work long hours with no reward, and have zero job security, Pacific Premier Bank is the employer for you.

2.0
3 Sept 2018

Top = No Good - Mid Level = OK, Depends Where You Are

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Executive Management: The the CIO and CTO stand out as people who understand the value of developing leadership when contrasted with their other C-level peers. Layoffs/Firing: They tend not to mess with people's pay with layoffs and firings, taking the higher road and likely avoiding lawsuits. Strategic Decision Making: I saw the company acquire 3 organizations. Overall: You may work with great people. IT would be the best department to work in, but still has mid-level management challenges to be worked out.

Cons

Executive Management: I saw an e-mail by an upper manager send insulting/mocking cartoons to the CBO. I heard the CBO verbally refuse to pay an incentive to sales people that was written in their incentive plans. (His expression demonstrated his careless regard to professionalism, shoot from the hip decision making, and disinterest in the well being of his team's morale.) General Organization Management: There were times when pay was changed and the affected employees were not informed of the change. Although this did not appear to be intentional, it was unprofessional. It appears that the CEO and CBO do not give HR a seat at the decision making table to affect corporate culture. The CEO and CBO are cut throat even though many people in the company are not, but the cut throat decisions still trickle down and are occasionally modeled. Hiring Decisions: If I took a moment to pick the top performing people in the organization based on skill, leadership, communication, adaptability and vision, they let go 9 of the 14 , no affect to 3 and promoted 2. It appeared to me that friendship generally over ruled merit and objective performance measures. Layoffs/Firing: Their turnover rate is well above industry standards likely due to a disengaged employees due to poor management. Rather than putting strong people in the right position or moving people to a more advantageous place, they just fire. Processes: Executive management talks about improving, but they don't focus resources on systematization or automation. They fire the people who have those skills. I doubt that the intent is to avoid automation, I think it's just not a priority to them. Strategic Decision Making: One acquisition resulted in intentionally cutting 1/3 of its revenue and another 1/3 of its revenue was lost due to poor management. If there was strategic intent in buying an organization and losing 2/3 of its revenue, I was not clear on how it made business sense. This makes me question the level of involvement of the board of directors. It's possible the board is uninformed because there have been no standards of reporting, minimal centralized data/reporting, majority ad-hoc manually manipulated spreadsheets that result in different figures across different reports. Overall: The organization is inconsistent in its culture. Executive management is extremely disconnected from driving value through employee contribution and development, giving almost no resources to developing the culture that Ivy League studies (i.e. Harvard Business Review) demonstrate as essential to a growing organization. Executive management turns a blind eye to toxic behaviors leading to promotion of managers who have no leadership skills and highly productive employees losing motivation. Some departments may be okay to work in, some may be toxic.

1.0
25 Aug 2016

Pass on this one

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Very liberal spending and expense policy.

Cons

Extreme lack of direction from management. Be prepared to spend a lot of time trying to navigate the waters on your own. Help is limited and the direction that is offered is unclear. Training of any type is non-existent. When being hired be prepared to have a very pretty picture painted for you only to find a polar opposite once you arrive. There has been a fair number of defections in recent times and for good reason. Management offers lip service, but rarely follows through -- very arrogant. Be careful after you leave --- better to leave them off of your resume. Too much time here can lead to career suicide -- pass and move on to the next opportunity.

Viewing 1 - 3 of 225 Reviews

Glassdoor has 233 Pacific Premier reviews submitted anonymously by Pacific Premier employees. Read employee reviews and ratings on Glassdoor to decide if Pacific Premier is right for you.