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1 person found this helpful  

Fastenal...

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - General Manager  in  Winona, MN
Current Employee - General Manager in Winona, MN

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

Pros

Direct management has been good. Compensation is good if you grow at an alarming rate at high profit margins. You can generate your own team dynamic. Freedom of managing operations

Cons

Corporate..., Upper management is poor, Too many hours for the stress and compensation, Promotion of dishonest employees is common, Company culture is poor to non-existing (maybe it was good under the founder), Lean team environment can be too lean, Very poor management of internal relations

Advice to ManagementAdvice

Wow, If only someone important would read this... Just because the primary responsibility/focus of this organization is to increase shareholder value/wealth, that does not mean that employees don't matter anymore. - Put a lot more effort into employee satisfaction. I increasingly feel like I'm in the middle of a battle between two sides (My upper management and My costumers)... and I'm the only one being shot at (I'm sure most managers and sales personnel feel like that). - Do things that make sense. Pay cuts! On the first of June 2012 one of the most asinine pay-cuts happened to pull cash from one side (payroll) of the balance sheet to the profit side, making the company more profitable to shareholders for the short term. Great move Will. Actually, really-really bad move. - Don't cut may pay after I have shown record profits and massive growth numbers. I could go on and on. -I won't go on and on. If only someone important would read this. -Someone important please read this.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

Other Reviews for Fastenal

  1. 3 people found this helpful  

    A REVIEW

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

    I have been working at Fastenal for more than a year

    Pros

    Work life balance, Monday through Friday job, no nights or weekends

    Cons

    Not having proper heat or cooling system for the store fronts; low pay. If you are a woman, specific districts do not promote.
    You being experienced means you work harder for the same pay, while making everyone else look good.

    Advice to ManagementAdvice

    Listen to your employee's; treat them like they are valued and appreciated.
    Keep better track of what your DM's and GM's are really doing in the stores; How do they really present themselves as Fastenal? Find out who does have qualifications, that may be an asset to your Company and offer better bonus and raises to even the Inside Sales support; they keep things going if they are good at their job.

    Doesn't Recommend
    No opinion of CEO
  2.  

    I hope you like hard work, because there's plenty of it.

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

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

    Pros

    There is steady a workflow. Even through the worst of times, we did not see any layoffs. It's fairly easy to climb the career ladder in a short amount of time.

    Cons

    -This has to be some of the lowest pay in the industry.
    -Some people are allowed to shun duties that the dont find pleasureable. Those duties are then passed on to others, whose feet are held to the fire if the duties are not done.
    -Facility management can be inconsistent

    Advice to ManagementAdvice

    Hold individual contributors accountable for duties that fall under their job title.

    You will never retain quality people until you raise starting pay across the board.

    There needs to be some sort of Manager training for managers who are not on the retail side.

    Recommends
    Neutral Outlook
    Approves of CEO
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