Pros
Depending on what you do, you can have some great colleagues, but who knows how long anyone will stick around – lots of folks are leaving.
Cons
WealthEngine was bought out in late 2020, so I don’t know what will change. But I can say that over the course of 2020 they went from a staff of 120 across 3 office locations (including one in India) down to a staff of 85, and that most of those people were fired with no warning. At least one of those office spaces won’t reopen. The organization is top heavy with a lot of middle managers. Most staff were seriously lowballed with our initial salaries, and this company does not offer raises unless you are a teacher’s pet. Some people get title changes along with a huge increase in work, but very few ever see a salary increase. There’s also zero transparency about how to get those “promotions.” Don’t expect to ever get a performance review either, good or bad. You can see they got the India office to write a bunch of positive reviews to counter those shared by American employees. The health insurance was below average compared to other jobs I have had and was quite expensive – one of my healthcare providers even asked me if I could find a better option. However, I did hear that the health insurance is going to change under new management so maybe it will get better. Retirement was matched up to 3% but they changed plans on a yearly basis so it was hard to track how much you had actually saved. HR was outsourced to an external company so you could never get consistent or trustworthy advice. It was a typical tech company with no attempt at gender or racial parity and no employee recognition program. The company makes no effort to retain institutional knowledge - many teams go through multiple managers in a single year for multiple years. New management has not offered an org chart, announced a vision for the future of the company or outlined tangible plans for addressing the concerns of acquired employees in the future despite having negotiated the buy out for almost six months before it was announced. The old company couldn’t be bothered to make a public statement during the racial unrest in 2020 and the new management made no statement at all during the 2021 attack on the American capitol, despite the fact that several staff live nearby. They did not acknowledge the inauguration either, or the potential impact to business. Worst of all, the platform doesn’t get enough engineering support and breaks so frequently that none of us believe in the product anymore, which made morale super low. New management thinks they can fix it in a matter of months but we’ve been hearing that for years. The clients are usually the best part of the job but they are tired of paying for a broken platform and WealthEngine doesn’t have anything else to offer. Some recruiters in DC won’t even work with the company anymore because of its bad reputation and terrible work culture. This company talks a good game but unless they offer you a ton of money and you are okay looking for a new job in another year it’s probably not worth it.
