Pros
At first there seem to be some good reasons to work at Tibra, over time though these reasons will become fickle once the realization of what Tibra represents sets in. 1. Christmas gifts (circa $200 worth) 2. Christmas parties that are worth attending if you are in the Market Making Clique 3. Paid Lunches (expect to put on 5kgs in the first six months. Tibra even has its own joke that all new starters soon find out about - "The Tibra 5"). Think Indian, Chinese, Burgers, Calories++ 4. One office has a beach nearby which is good for your early morning and late evening outside of work hours. 5. Cockroaches 6. Personal training sessions once a week 7. 15 minute head and neck massage
Cons
1. Tibra pays very low bonuses (QTDs are excluded for the first two years) 2. Tibra has a management team that were quite successful early on, but rather than continue to add value as they did at the start, they have moved upwards. You are then left with a management team that struggles to communicate and cannot manage conflict at all. 3. Tibra Values are not demonstrated by heads of department. Politics and backstabbing is rife. 4. Tibra claims to have good work life balance, but on the basis of the next point, it infact requires you to work extremely long hours and penalises you in the vote if you request alternative works times that suit your family. 5. The mos significant of all - the P2P process. Tibra has fundamental problems that has left it unable to retain the majority of its staff for longer that 18 months. This stems from its employment agreement. This employee contract requires ALL new starters to join using their P2P (Pathway to Permanency) program. The program creates significant levels of anxiety in staff, and those that pass the 12 month P2P have generally already made serious inroads into looking at roles beyond Tibra incase they did not pass the vote. The P2P program is broken up into two six month contracts. You'll be assessed against your diligence, innovation, and various other criteria that you'll soon realise are irrelevant. In order to pass the first 6 months (and then 12 months) of the P2P you must pass a vote that occurs between all heads of department. This vote has to be unanimous and you are not allowed to attend, nor is your line manager unless they are a Department Head. As this vote falls behind closed doors there is no guarantee that new issues are not brought to light that cause you to fail either of the votes. Many people have failed to progress at Tibra beyond the initial 6 months just because they have a personality conflict with one of the Heads of Department. Others that are highly, are simply misunderstood as being "not interested" by HR and are let go. Tibra has a revolving door that has incredible velocity. This makes it incredibly difficult to estimate projects and plan for 12 months down the track. Who knows whether your project resource will survive their first 12 months and be on your project once it kicks off? Who knows whether they'll still be there part way through your project.
