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Xchange Leasing

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Xchange Leasing Reviews

3.0

43% would recommend to a friend

(44 total reviews)
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Alan Kipust

100% approve of CEO

18% positive business outlook

Xchange Leasing has an employee rating of 3.0 out of 5 stars, based on 44 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Xchange Leasing 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

44 reviews
2.0
15 June 2017

The Truth

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Catered lunch, Uber credits, health benefits, casual dress

Cons

If you don’t mind doing the same task over and over, being paid extremely poorly for a college graduate (<$1k/check), and a slim chance of being promoted into an impactful role – then Xchange Leasing is the perfect company for you. When the company was in its early days (mid 2015 - early 2016), there was an amazing culture, all of the employees were happy and worked harder than I have ever seen elsewhere. Soon after, when upper management began hiring managers – and managers to manage those managers, all externally – the previous joy of coming to work everyday and hopes of your hard work being rewarded with potential bonuses and promotions came to an end. This company has done nothing but fail to fulfill false promises, and refuses to reward the smart, knowledgeable employees they already have. They choose to hire outside candidates into higher paying, impactful roles based on ‘experience’. It turns out, many of these outside managers have absolutely no idea what they are doing, and it’s honestly surprising they were able to secure a job at this company – which is a subsidiary of the highest valued tech company today. Note that not every manager exhibits these qualities. There are many extremely, extremely intelligent people – within every level of the company – but many are never given the opportunity to showcase what they are capable of. They are judged more on their production numbers, and are not given challenges outside of simple, repetitive tasks. For the few (far less than 10 in two years) who have been promoted, it’s no different. Rather than being presented with challenges that will help develop skills for a successful career, and have a beneficial impact on the business, they are utilized more as babysitters for more junior employees, standing by to do other managers work for them (which they will receive no credit for), or answer questions. I would not recommend anyone to take a new role here. It wouldn’t surprise me if Xchange Leasing ceases to exist in year from when this review was written.

1.0
8 June 2017
Recommend
CEO approval
Business outlook

Pros

free catered lunch, free snacks, Uber/UberEats credits, and no dress code

Cons

-The pay is awful. $16.75 an hour is just terrible and everyone is underpaid. They use to offer overtime to make it a little better but then that was cut and disallowed. I was told I would make between 2-6k as a bonus and I got a $300 bonus at the end of the year. At this level you are not offered any Uber stock only management level is. - The work is extremely boring. You do the same exact thing day in and day out and after a few months you just want to bang your head against a wall doing this mindless, repetitive, and unfulfilling work for 40 hours a week -This is a dead end job for the most part. When I interviewed I was told about the countless opportunities I would have to move up but that was a lie. Very few in this role have been promoted since I joined and the few that have were promoted to a lead position that basically pays the same. I was encouraged by my manager to apply for a better position within the company. After I applied I was rejected the next day without even being interviewed. They continually bring in outside people to fill in leadership roles -You have to work at least 2 Saturdays per month and come in at 7am on those days. You do get to take a day off during that week but there is no worse feeling than having to come in and sit there on a Saturday. In summary do not take this job. You can make way more money elsewhere and do something that actually could interest you and something you can have an impact on.

2.0
24 May 2017

Sinking Ship

Recommend
CEO approval
Business outlook

Pros

Free food, free snacks, no dress code. Easy mindless work

Cons

Where to start, where to start. Before you read this, note that these aren't just my personal thoughts, these are company wide thoughts. I guess I will start with the awful pay and unfulfilled monetary promises. After a year of working here, my position was given a .25cent per hour raise. That raise was about half what inflation was for the year. "Thanks for your hard work, heres a quarter and now you technically make less than you did when you started!" Recently a call center was added to Xchange. The call center employees get paid the same as me, and this position doesn't require a degree or 80% of the experience and skills needed to my position. Unbelievable slap in the face. Try to figure that one out, because the company doesn't have any answers when this is brought up. My offer letter stated I would receive a year end bonus of 9k-27k depending on a review which was a big reason I choose xchange. I received 900 dollars. Don't really need to expand further on that one. Next: opportunities. There aren't any. And even the ones that some of us have been offered might pay a dollar more per hour. The rest are given out to people who were lucky and guessed which people to suck up to. There is no rhyme or reason here. Many attempts to move up internally result in not even receiving an interview - and the most positions are given to outside candidates. Of course, the company and management try to deny this but its just laughable. The culture used to be great, but most employees, especially those with a lot of talent, are sick of the BS, and are actively applying elsewhere. The company will ask for your good ideas, and then someone in management will take credit, and then laugh when you suggest the work you are doing is above what you are getting paid. It's hard to explain how awful the management is. It's honestly incredible they have gotten to the places they are at. Favoritism and "right time right place". It's hard to explain to someone that doesn't work here, but we will just say most logic is lost on them, and oblivious is a good description. I think the worst part is they know how screwed up so many things are, and then just straight up dont address them. Why would they care that you are underpaid when they are doing fine themselves? Its just all so backwards. If you are worth anything, this place will bring you nothing but frustration.

Viewing 1 - 3 of 44 Reviews

Glassdoor has 44 Xchange Leasing reviews submitted anonymously by Xchange Leasing employees. Read employee reviews and ratings on Glassdoor to decide if Xchange Leasing is right for you.