Algorithmics
3.0 of 5 24 reviews
www.algorithmics.com Toronto, Canada 500 to 999 Employees

Algorithmics Reviews in Canada

Updated Mar 7, 2014

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2.9 9 reviews

                             

50% Approve of the CEO

Algorithmics CEO Stephen W. Joynt

Stephen W. Joynt

(2 ratings)

50% of employees recommend this company to a friend
9 Employee Reviews Back to all reviews
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    Strong company

    Management (Former Employee)
    Toronto, ON (Canada)

    ProsCulture, work environment, benefits. Dynamic marketplace with good business prospects and opportunity to travel. Always looking for good people and smart group of people to work with and for.

    Consupward mobility, not a lot of roles if you don't want to move. Nothing really bad to say, good place to work.

    Advice to Senior Managementmore innovation, more R&D, keep up the good work

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    A great place to work for

    Anonymous Employee (Former Employee)

    ProsThere is a true team spirit working at Algorithmics, you feel like you are part of the family. You are working with exceptionally smart people who are always willing to help you grow in your career.

    ConsThe company was lacking structure for some areas. There can be unreasonable timelines set for deliverables due to the lack of understanding in product complexity.

    Yes, I would recommend this company to a friend

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    Once a trailblazer, now left in the dust.

    Senior Software Engineer (Former Employee)
    Toronto, ON (Canada)

    ProsInteresting subject matter and a great location in Toronto.

    ConsThe company used to hire the best of the best. These days a heart beat suffices, especially for those pursuing managerial positions. My manager had no degree or risk/it technology experience.

    Lifers and the ever desperate folks who return on their hands and knees inhibit creativity, growth, and productivity in a space which once prided itself on thriving on all the above.

    Advice to Senior ManagementRecruit the talent who can implement the latest methodologies and technologies and get rid of those still clinging on to the 90's.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Excellent company to work for

    Anonymous Employee (Current Employee)

    ProsGreat camaraderie
    Opportunity to gain financial knowledge

    ConsLong hours. Not much scope for promotions

    Yes, I would recommend this company to a friend

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    Used to be one of the best software shops in Toronto. IBM takeover has destroyed everything.

    Anonymous Employee (Current Employee)
    Toronto, ON (Canada)

    ProsAlthough the company already lost many great people, there is still some solid talent left. Few are lucky to work on interesting projects.

    ConsAbsurd IBM bureaucracy, clueless managers. New "processes" imposed by IBM are running the company into the ground. Morale at its lowest. Rampant cynicism. People leaving in drones to go work directly for clients. Algorithmics is done in, much like other IBM acquisitions. A very sad end for once a fantastic company.

    Advice to Senior ManagementShow some spine, stand up to the Man. Resist.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    Algo is a shadow of what it used to be.

    Financial Engineer (Former Employee)
    Toronto, ON (Canada)

    ProsGreat people in the software and financial engineering side.
    Good documentation
    Good work life balance
    Casual attire
    Some traveling

    ConsPeople with no financial or software development knowledge have recently been assigned senior management positions. They are making very poor decisions and alienating the employees. This new management has created a poisonous environment and many good people have left Algo in the recent couple of years.

    Advice to Senior Managementlisten to your employees and reward the people who do the real work.

    No, I would not recommend this company to a friend

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    Ok mostly for junior staff

    Senior Software Engineer (Current Employee)
    Toronto, ON (Canada)

    Pros* Flexible hours.
    * Opportunity to learn a lot for junior staff.
    * In general, people are very polite.
    * In general, people will share some knowledge.

    Cons* Lack of planning and management.
    * Salary is acceptable to low, compared to similar companies in the same industry.
    * No work life balance,
    * No opportunity to advance, unless you've spent a long time with the company.
    * Very few Software Engineers are actually good.
    * No code reviews, virtually no communication, isolation.
    * Most employees don't really understand how their work impact the business, they just write code.

    Advice to Senior Management* Instead of being focused on quick deliveries, the management must dedicate reasonable time to provide working and high quality software products.
    * Poor planning and decision making will drive you to an end. Lots of good resources left already, but yet it doesn't look like a warning sign.

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    When a nice office isn't enough

    Anonymous Employee (Current Employee)
    Toronto, ON (Canada)

    Pros- Very nice office in a convinient downtown location
    - No dumb people here
    - Benefit package is pretty good
    - Flex hours
    - No dress code

    ConsDespite of its 'hip' image the company fails to deliver in a number of categories:
    - limited opportunities for professional and career growth
    - training and development is very piecemeal
    - no commitment to community, no involvement in 'green' initatives
    - the company and its employees seem too focused on making profits

    Advice to Senior ManagementTwo words: Mission Statement

    No, I would not recommend this company to a friend

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    Algorithmics: we even make banking and IT hip!

    Software Engineer (Current Employee)
    Toronto, ON (Canada)

    ProsToronto headquarters are in a fashionable downtown district, the interior design is open plan loft with Persian carpets and soft lighting - this is relevant since this reflects management's given careful thought to productivity and a nice work atmosphere!

    The people Algo employs are generally young, sociable, hard working and polite people, few back stabbing corporate climbers. Staff "churn" is very low, people like it here and stay for years since we're all given the chance to progress our careers (even internationally).

    Algorithmics compensation package is extremely good and management do their best to be transparent regarding quarterly targets so staff can see how well the company is performing.

    ConsFrequent national and international travel for most Professional Services staff.
    Mid-level management is rather bloated which can hamper timely decision making.
    Poor communication between headquarters and satellite offices on all levels.

    Advice to Senior ManagementKeep up the good word, a steady hand is needed in these torrid markets.

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Algorithmics reviews and ratings in Canada — including employee satisfaction and approval rating for Algorithmics CEO Stephen W. Joynt. All 9 reviews posted anonymously by Algorithmics employees.