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2 people found this helpful  

Start-up feel, with big money support, but misguided management

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Altisource full-time for more than 3 years

Pros

Pay is above industry average (for my field anyway). Lots of opportunities to learn about finance and mortgage industries.

Cons

Benefits are sub-par. 401k involves virtually no employer match, and is not available to employees in the first year; health insurance is not available until the first day of the month following 90 days of employment (so don't start work at the beginning of the month or you have to wait an additional month).
HR withholds information on organizational programs (I had to fight to get any information about the 401k, and all I ever received was the corporate agreement with John Hancock--not any official company policy.
Technology is outdated and withheld from employees- getting a computer less than 5 years old takes an act of Congress, and even then involves months of waiting and paperwork.
Selection is conducted based on questionable practices (inconsistently scored tests and unvalidated personality tests). Managers are actively discouraged from hiring employees scoring less than the top 5% of tests, regardless of the job.
Performance appraisals are required of all employees, but no guidance is provided about the performance dimensions employees are scored on, and managers are discouraged from giving anyone high ratings.

Advice to ManagementAdvice

People are not replaceable resources-- you have to work to retain employees just as you do with customers. The money wasted on constant hiring and recruitment could be much more effectively spent on benefits and internal improvements to the organization.
If the company is going to market itself as an innovator, it must start from the inside. Why should anyone purchase technology products and services from a company that won't use those services itself or provide that technology to its employees?
Third, if you want to provide a variety of services, you need a variety of employees. Seeking out a single personality type will just cause conflicts, and result in a lot of people doing jobs they aren't suited for. Hire people based on the job, not based on some misinformed notion of what makes a generically-good employee.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

276 Other Employee Reviews for Altisource (View Most Recent)

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  1. 1 person found this helpful  

    Copmany is good at satisfying monetary benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Leader  in  Mumbai (India)
    Current Employee - Team Leader in Mumbai (India)

    I have been working at Altisource full-time for more than 5 years

    Pros

    Salary hike and incentive /Commission schemes are awesome and competitive,

    Cons

    Self development courses and Career growth within the organiation

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    A Company which provides lot of challenges to learn and deliver

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Operations Manager  in  Bangalore (India)
    Current Employee - Business Operations Manager in Bangalore (India)

    I have been working at Altisource full-time for more than a year

    Pros

    Good pay package.
    Exposure to senior management
    Challenging work environment

    Cons

    Policies are not very people centric
    Stressful work

    Advice to ManagementAdvice

    A baby needs 9 months to be born, even if we put 9 mothers it wont come out healthy in 1 month. Estimation of time in more practical ways is critical to success of initiatives.

    Recommends
    Positive Outlook
    No opinion of CEO
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