Bankrate

  www.bankrate.com
  www.bankrate.com
There are newer employer reviews for Bankrate

5 people found this helpful  

Change is not always good or bad, just different.

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

I have been working at Bankrate

Pros

-Good career opportunities exist for those who care about their jobs and perform well.

-People who do not care about their jobs, typically do not last long.

-Industry Leader
-Good Benefits
-Location downtown is superb
-Free coffee, soda, snacks, catered food on occasion
-Young professionals make the culture much more enjoyable
-Company always advertises new positions internally and does look to promote within whenever possible.

Cons

Bankrate is extremely corporate, and as a result things tend to move at an excruciatingly slow pace. Everything from a new entry level hire, to when you can use the restroom, seems to have to be approved by Bankrate corporate, which is an excruciating process in and of itself.

There appears to be a duplication of efforts between the executive team that was put into place by Bankrate to run the Insurance vertical, and the executives in New York who appear to be trying to maintain control of a company whom they never visit.

After the Acquisition of NetQuote.com and the subsequent merger between NetQuote and Insureme, the culture definitely became much more of a politically motivated environment, than a results motivated environment. As a result, many key individuals have left the company in search of a more desirable work environment, and some have actually been fired for giving their honest feedback to the executive team.

Bankrate no longer hires directly for service and sales related positions. Rather, they hire through a temp agency which provides disposable employees at extremely low pay who come and go without ever really learning the business, or having any motivation to perform.

Bankrate appears to be running the company at an extremely high margin as almost none of the employees who have left have been replaced. This has left the remaining employees disgruntled as there has been little to no attempt to secure the remaining employees who continue to work hard for the company, other than the possibility of a company standard 3% annual pay increase.

Advice to ManagementAdvice

Why put an executive team in place if you do not trust their ability to make good decisions for the company?

Start filling the positions of those who will left to show that you are committed to your company. Without committing to your employees, no employee will commit to your company.

Stop hiring temps to do the most important jobs (which is retaining your customer base).

Offer incentives for performers, and recognize those who perform.

23 Other Employee Reviews for Bankrate (View Most Recent)

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  1. 4 people found this helpful  

    Hated It.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in North Palm Beach, FL
    Former Employee - Anonymous Employee in North Palm Beach, FL

    I worked at Bankrate

    Pros

    Free coffee, free soda and sometimes catered food.
    An extreme lack of work gives you plenty of free time to watch movies on your computer, so make friends with your headphones.
    You can bring a pillow to work for naps.

    Cons

    Where should I start?
    1. If you are not in the right cliche don't expect any promotions.
    2. Be prepared to be bored and I mean very bored as you sit around waiting for things to get approved so you can move on to the next thing.
    3. No one ever talks in person, everything is communicated through e-mail or IM.
    4. There is a department with only 2 people and one is a VP.
    5. Lots of waste, such as having a 2 person department and one being a VP.
    6. Most people are just concerned with making sure no one else really knows how little work they really do lest they lose their job.

    Advice to ManagementAdvice

    What management?

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    BR Insurance had potential

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

    I have been working at Bankrate

    Pros

    Located in lower downtown of Denver
    Benefits are decent

    Cons

    Culture has a negative tone. Ever since the merge of InsureMe and NetQuote, the culture is not set and there is a feel of 2 companies working under the same roof. Due to this, employee morale is low.

    There is also a feel of a control battle. Senior management is composed of both NetQuote and InsureMe employees, so there is this constant tension in the air.

    High turnover in various departments due to the above.

    Advice to ManagementAdvice

    Try to keep your quality employee's happy.
    Leadership and Vision is needed in senior management.

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for Bankrate

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