There are newer employer reviews for Alcoa

1 person found this helpful  

Not bad, not great

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee in Pittsburgh, PA
Current Employee - Anonymous Employee in Pittsburgh, PA

I have been working at Alcoa

Pros

Good collaboration, team environment within many business units

Cons

The latest round of senior management is in it for themselves. This is a dramatic change as the company has evolved through the years.

Disapproves of CEO

193 Other Employee Reviews for Alcoa (View Most Recent)

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  1. 1 person found this helpful  

    The only people that Alcoa Fastening Systems treats worst then their employees is their customers!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Torrance, CA
    Current Employee - Anonymous Employee in Torrance, CA

    I have been working at Alcoa

    Pros

    Spends lots of money on hourly overtime...if you're a hourly employee Alcoa Fastening Systems, is a "cash cow."

    Cons

    No regard for customer service.
    Poor middle management leadership.
    Leadership lacks focus.
    Middle management has very little, if any technical understanding our processes.
    Managers have no credibility with their employees.
    Middle management too focused on how to cheat our business system to show financial profit.
    Compliance team lacks teeth; has no power to affect change.

    Advice to ManagementAdvice

    Go back to basic. Fix our dysfunctional leadership the right way. Stop protecting the people that have destroyed our factory. Remember, as a leader your are accountable too.

    Doesn't Recommend
    Disapproves of CEO
  2. 7 people found this helpful  

    The only job I've ever had where I was honestly a little scared to show up every morning.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Financial Analyst in Knoxville, TN
    Former Employee - Senior Financial Analyst in Knoxville, TN

    I worked at Alcoa

    Pros

    -Lots of smart and talented co-workers to draw knowledge/experience from and a willingness from them to share it
    -Large, well-established multi-national corporation with top shelf resources/technology
    -Got some experience in an area I otherwise might not have (accounting) that will likely serve me well in the future

    Cons

    -In a year, I never heard a manager tell an employee that they did a good job
    -Overreactions to small mistakes as if you almost personally caused the company to go out of business
    -Culture was unbelievably dated with unwillingness to change and long-tenure employees who would sometimes go out of their way to make your job alot harder than it needed to be. Very few young people working there
    -Would rather save a few dollars than adequately staff the organization. My workload at Alcoa was 30-40% higher than at my last job. I'm a fast worker, and me and the rest of Finance were always in the office
    -Organization is rather flat, so there aren't clear division of responsibilities in alot of cases
    -I was expected to catch mistakes of other employees all over the world that were making journal entries daily. In a ledger with 1000's of transactions spread across an entire month, I was expected to close the ledger on a $1 billion annual world-wide business, bridge variances to forecast/plan down to a microscopic level, AND review all the transactions for accuracy by 6:00 PM on Workday 1 (1 Day Close)
    -I don't mind the extra work, it just seemed like management either had no idea how much we had to do or just didn't care enough to say anything. It wasn't until they saw our group's Life/Work balance scoring until they communicated to us that we shouldn't work so much. One group had so much free time they came up with all these new bridge analyses that senior management liked. Instead of having his group of 5 analysts be responsible for these recurring analyses, I was forced to do them all by myself. The other group simply had to copy/paste our work into a summary.
    -Senior management was not visible and didn't adequately address our legitimate concerns. For example, the bridge analyses went from 0 to 10 a month to 10-15 a week within a quarter's time. We weren't just bridging the important business scenarios, we were bridging all kinds of random scenarios. Eventually they started forcing us to re-do our entire Forecasting process anytime something changed. So if Marketing decided we could sell 10,000 more units the day after we did our forecast and a round of bridges, then I had to immediately re-do the Forecasting and resubmit the exact same bridges with the new data instead of waiting until the next update. During my time there, they added probably 40 hours a month of work to our plate while the group with 5 analysts didn't take on 1 new thing.

    Advice to ManagementAdvice

    My advice is that Alcoa has alot of smart/talented individuals working there that give their all and make the company the success it is. Senior management doesn't seem to realize just how smart/talented these people are because they are never really visible and instead overvalue manager types whose largest contribution to the company is tactfully schmoozing with the right people at every opportunity. Because the company is so flat, there are plenty of checks in the process and employees that go above and beyond to make up for any productivity lost due to managers socializing instead of working.

    They get away with their old school style/approach because the majority of the workers are old enough to have Pensions, which keeps them with the company. I honestly felt terrible for alot of my co-workers there, because I recognized how outstanding they were at their jobs despite all the curveballs being thrown at their head constantly, sometimes having to work past midnight, and receiving a salary that wasn't very competitive relative to other Fortune 500 companies. And when the quarter finally closes and the company delivers strong results, guess what happens? The underpaid employees chiefly responsible for the success might get a "good job", while ALL of the middle/senior management employees receive gigantic bonuses tied to the performance.

    If they ever want to attract and RETAIN good young talent regularly, they have to be willing to make some serious adjustments. When I was there the age gap was already one of their largest concerns. Our business consisted of a few 20 something's among a much larger group of employees 5 years or less away from retirement. The employees close to retirement have been with Alcoa for long periods of time, sometimes in the same position for 5-10 years. I believe the age gap developed organically because the experienced employees were highly effective in their positions, unwilling to start developing the next generation, and knew they would never have to move unless they wanted to. Because of this culture, young talent turnovers like gangbusters.

    Doesn't Recommend
    Disapproves of CEO
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