Once nicknamed the Pit of Despair, Wedgewood’s Accounting and Finance department has consistently maintained above a 20% turnover in each of the past few years. If that alone isn’t telling enough, read on.
The culture: Intense. Accountants here are consistently berated by their managers in front of everybody in the office, without regard to dignity or professionalism. Micromanagement seems to be the preferred management style. Also, it gets uncomfortable to be around the sleazy atmosphere as those in charge openly flirt with their female subordinates every day like some poor man’s “Mad Men” agency. To be fair, the lecherous undercurrent in Accounting might be a symptom of a companywide issue; Wedgewood seems to have a sexual harassment problem and is notorious for objectifying women with annual “Women of Wedgewood” calendars featuring female employees posing suggestively.
The work: Work-life balance tends to be pushed aside by surprise deadlines that require long hours and even weekend work on short notice. Management really appears to enjoy moving the goalposts with no explanation. Also, because of lack of direction from leadership, the business constantly pivots without warning, leaving accountants scrambling to do their jobs and make sense of the madness. The cherry on top is that all the accountants are also required to track and charge their hours at all times. For the amount of pressure and hours, you're better off working for a legitimate investment/real estate company and at least earning name recognition for your effort.
The resources: Technology-wise - the "new" accounting software provided by the company is ancient and slow. If you are working in the ledger, you will be spending a lot of time doing data entry work regardless of level--time that could be better spent doing accounting analysis. Staffing-wise - with the department's inability and to retain staff, it's impossible to gain any efficiencies.
The perks: This is a tough one to review because it’s impossible to know what your perks are at any given time. The company promises incoming talent nice perks, then quickly takes them away. While I do not consider a lack of perks to be a "Con", this bait and switch practice is a good indicator of how the company does business and treats employees. I advise newcomers to expect no perks at all to avoid disappointment. That way, any perks will be a pleasant surprise.
Job Security: In addition to the high turnover, the company often lays off employees. Even before COVID, layoffs regularly occurred. Now, it seems as though a new bunch are laid off every week. There is no feeling of security with a job at Wedgewood.
Reputation: A quick search online yields results about public perception of the company. It's not good. In the industry, this accounting department has a sweatshop reputation. Third party recruiters actually pass on placing candidates here due to the bad reputation. The company tries to sell its prestige as a selling point, so candidates should beware of this tactic and do the research.