Pensco Trust Company
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- Comp & Benefits
- Work/Life Balance
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I worked at Pensco Trust Company full-timePros
The real reason to work at PENSCO is the opportunity it provides employees of all ages and experience levels to grow within their roles as well as reach towards higher goals. The CEO has proven in his time at PENSCO that effort and hard work are rewarded not just with promotions and compensation (of which both are forthcoming for those who excel), but also with recognition from senior management and appreciation from all.
There will always be those employees that wish to have a static, non-challenging workplace. For those types I would hesitate to suggest PENSCO, because the workplace has become more a meritocracy than the old system based on seniority.
I enjoyed my time at PENSCO and feel I left having developed more professionally than I would have at many other financial services firms. The people made it special, the work made it challenging, and the opportunities made it worthwhile. It's not the place for everyone, but if you desire a job that will provide you with a position to make an impact, this is the place for you.Cons
The workforce has been changing. It is not from outsourcing, as when I left all the jobs were being brought back into the US (NH, CO & CA), it is the result of growing the business by acquiring its largest competitor. I know I left as a result of this merger, but that made the most sense. Others left around the same time, and I completely understand any hurt feelings. Make no mistake, those hurt feelings are a result of no longer being a part of the growth story of PENSCO. But to be fair, people were laid off (an unfortunate story we have seen very often since the credit crisis began in 2008), but those layoffs ended in 2012 and hiring has begun in earnest.
Though I am ranking PENSCO as a 5-star company, there are things I'd still like to see changed to make it an even better place to work. Even during a growth period, money can still be tight, so the company parties change accordingly. We stepped up and had "unofficial" company outings, but I'd like to see the company-sponsored events occur more often, especially to help the CA employees meet and socialize more with the CO-based operations staff. I'd also like to see PTO be awarded on a wider scale, meaning first-year employees start with a little less, and more PTO be awarded through hard work and promotions. I believe that this scale may reinforce the drive to excel within employees who see PTO as a very valuable part of their compensation package.Advice to ManagementAdvice
Senior managers, beyond just the CEO, face many challenges. They answer to vendors, they answer to the Board of Directors, they answer to creditors, and they ultimately answer to the clients. I'd like to see all of these stakeholders align behind senior management and reach for the same goals. This can be tricky, but under the leadership of Kelly Rodriques, I believe it is not only possible, but inevitable.RecommendsPositive OutlookApproves of CEO