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Threshold Financial

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Sinking - Anonymous employee Threshold Financial Employee Review

1.0
27 Aug 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Free Coffee, You start at three weeks vacation, You might meet some nice and talented people. Ok benefits - although we never received the benefit advantages of being part of Brink's

Cons

Threshold is not making the transition from a small to medium sized company; the senior management style is still that of a company of twenty people. Since being bought by brink's this company is going into a death spiral. Threshold oversold their abilities to Brink's who bought them for their managed services ability. Management does not understand the products and how the company fits together so their initiatives and activities seem random and without clear direction or thought. Management positions are almost always filled with a parachute from outside, very little movement from non-management to management. There is no ground up comprehension of the company in management so their understandings of how the company works are very simple, generic and out of a textbook. Bad empire building going on with no open hiring policy for management. People are brought in who will be loyal "yes men/women" . all former employees, all from the same company (specific to operations but also in IT to a smaller degree) This has created a closed door policy where ideas and thoughts are not well received for fear of reprimand or worse. There is no succession planning, so there is no advancement - your advancement is seen as a burden on the company and management to find and train a replacement. (now they have to train two people, you for the new job and a new person to do your old job... ) Operations is a mess, with multiple re-organizations and the replacement of almost all management. As a result no one knows the solution and how operations fits into the other departments. (average seniority in ops management is about one year) - suspect that there is incompetence due to empire building (who they would like to see in the position vs the best person for the position) There is no focus for the company - direction and road map - the only road map given is (save money, and make money) but no company wide directives and initiatives as to how. Very generic initiatives where the idea is tossed over from management when it is clear they have no idea how to move from current state to their desired state. Instead you see random isolated departmental and team initiatives that don't create any return on the effort put in and often cause larger problems by interfering with other departments or other interdepartmental activities or processes. There is no established PMO or BA procedures for projects, so projects are almost always over budget, over time and poorly implemented. PMs are expected to be more like baby sitters and defacto team leads. BAs are not used in the traditional sense on projects (PM BA interaction) - you want to save money, implement new revenue generating initiatives, increase efficiency, increase customer satisfaction, boost moral, foster team work - I suggest start here. Forget about vacation - as stated - go to another country that does not have cell phone coverage.. cell phones... telegrams, . They will contact you any time, holidays, leave, etc. even though you are not contracted to be 24/7 support.

Explore other reviews about Threshold Financial

2.0
12 Jul 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Many managers are still good, many of the workers are helpful. When I started here base pay was good for this area of the GTA, now comparing to other companies, it's lacking. The President is awesome but he's too busy now to see how certain areas are declining and pulling everyone else down.

Cons

Ever since the Brinks buy out, the company has been in a downward spiral, everything is about the budget. The budget's not being met, we're not making any money, except we are. Raises are basically rounding errors. Worker performance bonuses of old are extinct. Since the Operations re-org certain areas of that division are managing to avoid doing anything outside of their little box and they're even sneaking work into the IS departments and the managers that are aware can't do anything about it because this behaviour is supported at the executive level. People are starting to leave because it's been too many years of this. Internal advancement doesn't exist unless you're one of the master work avoiders in Operations. Work/life balance for certain sections of the IS department doesn't exist, the unspoken rule is come in, don't take lunch, do everything assigned, go home and dial in and continue working and the only way to get a real vacation is to go on vacation outside the country. Otherwise you're expected to take your company cell with you. Certain managers need to stop using shame and guilt to get people to go above and beyond. This wasn't a problem until the money dried up.

3.0
24 Mar 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

A position within this organization will always offer you a challenge and spark your creative side. Summer events, such as barbeques, select half day fridays leading into a long weekend.

Cons

Work life balance is generally not there. Some management staff expect you work beyond your daily hours. A number of ownership changes over the last few years has eliminated a number of positions.

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