Auction.com, LLC

www.auction.com
There are newer employer reviews for Auction.com, LLC

4 people found this helpful  

Ok Money, Bad Culture

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

I have been working at Auction.com, LLC full-time (more than 3 years)

Pros

Good benefits and bonuses

Cons

lack of leadership and promotions within the company. the pay you start out with is most likely the pay you'll earn in the next few years, even though your skill set and work load increases

Advice to ManagementAdvice

promoting more within the company and giving a little more raise to increase happy culture within the company

65 Other Employee Reviews for Auction.com, LLC (View Most Recent)

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  1. 4 people found this helpful  

    Bonus paid at 50%

    Current Employee - Manager in Irvine, CA
    Current Employee - Manager in Irvine, CA

    I have been working at Auction.com, LLC full-time (more than 5 years)

    Pros

    Some work life balance here

    Cons

    Google invests $$$ yet our bonuses were paid out at 50% and THEN we don't get paid our Q1 bonus on time. I have worked here for 5 years and this is the first time that I was paid out at 50%. Already staff morale is low, there is no communication regarding bonus payout until two days before, the company is spending tons of money on parties and celebrations yet cut out bonus.

    Advice to ManagementAdvice

    Quit telling your employees that they are the most important piece of the company and then not pay their bonus as expected.

  2. 3 people found this helpful  

    Dysfunctional and uncertain. Avoid at all costs.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leader in Irvine, CA
    Current Employee - Leader in Irvine, CA

    I have been working at Auction.com, LLC full-time (more than 3 years)

    Pros

    1) Real estate industry not yet disrupted by online commerce and technology so Auction.com stands out as a potential leader.

    2) Constant change. If you like an environment that's constantly changing -- basically on a daily basis -- this is the place for you. No two days, or no two minute's, are the same. You may have CEO #1 at the top of the morning, then a new CEO #2 practically by day's end. So if you seek constant change, this is an amazing place for you.

    Cons

    -- Senior leaders who fail in departments and verticals actually receive promotions upon finalization of failure, and are able to lead other departments after such failure. Senior leaders for example fail in one department --Consumer to Consumer -- then have the ability to be promoted to lead Commercial Department. Really confusing how this actually happens. Definitely not a pro.

    -- Multiple levels of redundancy in management. For example, one division might have 4 Directors, 10 Managers. Confusion is key and logic and reason don't get much value here. The more in redundancy the marrier! The CEO might become the Executive Vice President in a week's time. Then a week later he or she might become the Marketing Manager. A week later a Director. Then back to CEO. Redundancy and chaotic nature are really things you can rely on here.

    -- Founders of company are really clueless of what's happening and misguided by master delegation experts. Senior level managers like SVP are masters of delegation. They actually do no work themselve's. They make others do their work and then pretend work and results belong to them. CEO lets political motives push forward change instead of real insight, and effort, and so on. Quality people who are smart and know things are left to play Game of Thrones where every week a group, individual, or bloodline is killed off due to blind nature of top exec management and CEO.

    --High turnover rate. Everyone from CFO to Managers to Directors are working on a revolving door environment. This place resembles a startup but has been around longer than such. This company boasts about partnership with Google, but only if Google knew the chaos that really happens here. Ohoh!

    -- Company does not pay bonuses. No transparency for bonus in this regard. Bonus schedule changes from quarter to 6 months to annual then back to quarter than back to 6 months and is very confusing for workers who are counting on bonuses for livelihoods. Depending on the psychotic decision making of executive leaders on any given day the bonus pay schedule can vary to a high degree again leading to confusion and uncertainty even though employees are depending on bonus.

    -- Poor leadership. Everyone is scared to take a position on everything and anything. Because everyone is playing Game of Thrones and worried about being sacrificied they are scared of actually taking positions on any topic. Really poor leadership is the result - sometimes no leadership is the reality that everyone has to work with.

    -- Avoid. At. All. Costs. Go to a real able company. This place has years to go before it actually grows up.

    Advice to ManagementAdvice

    Stop the politics. Let the leaders run the company. Stop the micro management. This company will fail otherwise. The political warfare should stop. Wake up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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