Business Wire

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2 people found this helpful  

Exceptional benefits, low pay

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

I have been working at Business Wire

Pros

They respect employees' quality of life, there is a sense of pride within the company, they are probably the best in the newswire game.

Cons

Pay level is very low, especially considering the cost of living in cities where offices are located (major metro areas).

Advice to ManagementAdvice

Consider compensating employees (especially at the editorial level) better. The demands of this job are to be perfect, and that can be a lot to ask. Our talents would be rewarded better elsewhere and many of us are looking elsewhere for work.

Doesn't Recommend
No opinion of CEO

47 Other Employee Reviews for Business Wire (View Most Recent)

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  1. 8 people found this helpful  

    A Great Place to work 10 years ago; not now

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Editor
    Current Employee - Editor

    I have been working at Business Wire

    Pros

    -- A good entry-level job to take out of college
    -- Other editors are fun to work with
    -- Transfer opportunities to other cities
    -- Hard to get fired
    -- Lots of downtime to read

    Cons

    -- PTO policy is not employee friendly
         --1/3 of the year you can't take PTO due to earnings
         -- Don't get sick! Company policy!
         --If you get sick and take "unscheduled" PTO *even once* it negatively affects your performance review and yearly raise
         --If you have five "unscheduled" PTO days in a calendar year, you are disqualified from company-wide bonuses. If you have children, five days is easy to accrue.
         --Starting in 2013, you have to accrue days before you can use them. So instead of having three weeks at the beginning of the year, you have no days. In June, you just might be able to take a week's vacation.
    --Benefits are not as good as advertised
         --Every year the company rolls back the very benefits that once made it special to work for (i.e. they raise premiums, which were non-existent six years ago, scale back the allotment program, etc.)
         --No Dental insurance (you must front the money and wait a month or two to be reimbursed).
         --Don't plan on getting pregnant here. Maternity Leave is a joke. And they expect you to exhaust your PTO first.
    --Zero room for advancement on the editorial side (not that you would want to)
         --Supervisors get paid nominally more than everyone else and do a ton more work. In fact, there's a good chance that many of their "subordinates" will make more than the supervisor. It's not worth the extra work to take on that role.
         --After a year, an editor will have the same responsibility and power as a 10+ year vet.
    --Management couldn't care less what the editors think
         --They roll out products we have to use without taking our input into consideration. Consequently, all the software is buggy because it's designed by a tech who does not understand what the intended functionality is. The buzz word here is "workaround." Because that's what half your work-flow is. Workarounds due to poor software design.

    Advice to ManagementAdvice

    Bring back the culture that was present even three or four years ago. Every time you scale back the benefits that made this company special, you engender resentment within the rank and file of the company. Morale is at an all-time low, but you are so out of touch that you don't realize it.

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

    Training and feedback is non-existent and often contradictory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Newsroom Editor
    Current Employee - Newsroom Editor

    I have been working at Business Wire

    Pros

    Berkshire Hathaway is a prestigious and solid company to have on your resume.

    Cons

    The benefits are not great - no dental or vision, instead you are given an FSA-type allotment by the company. The pay is not great either and definitely not commensurate with other companies. The hours are not flexible and neither is the time when you can take PTO. PTO policy is ridiculous - including not being able to take off during a 1/3 of the year, and not being able to take off certain holidays if you haven't been at the company for more than five or more years.

    Advice to ManagementAdvice

    Designate certain employees who are strictly "trainers," or who are familiar with guidelines so as to better train new employees. Foster a sense of community rather than seasoned employees vs. new employees.

    Doesn't Recommend
    No opinion of CEO
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