Fastenal

  www.fastenal.com
  www.fastenal.com
There are newer employer reviews for Fastenal

1 person found this helpful  

Great place to start and build a background

Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Fastenal

Pros

Entry level opportunities, learning sales. Good stores can be a great place to learn the ropes. If you can get in with the right people you can get a job that can be a career.

Cons

No recognition for the abilities of employees. Everyone is looked at based on how long they have been with fastenal or who they know. If you don't get hired for the exact position you want or have experience in you better start making friends with the right people.

Advice to ManagementAdvice

Make district managers accountable for bad decisions. Ex: bad hires, stores without help, poor accountability for all areas within the company.

656 Other Employee Reviews for Fastenal (View Most Recent)

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  1. 3 people found this helpful  

    Unsustainable growth - taking from employees to prop up stocks

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Representative
    Former Employee - Sales Representative

    I worked at Fastenal full-time

    Pros

    Good first job to put something on your resume. Good part time job for high school or college students. It's not a career type company, but it's a good starter company while you look for something else.

    Cons

    -Unsustainable growth through outrageous sales goals YTD and MTD. It's a growth bubble similar to the housing market crisis.

    -Extremely high turnover due to increasingly fast moving trend towards over micro-managing, employee intimidation, and regular decreases in commission rates with the expectation of more sales output. Constantly training/ promoting new incompetent employees because of unsatisfied turnover.

    -Completely focused on stock price rather than employee satisfaction.

    -Bad business model of taking from employees (the sales force core of business growth) to keep the stock prices elevated to show positive growth to investors.

    Advice to ManagementAdvice

    Focus on your employees first, and your stock prices second. Without a happy workforce, your stock prices will suffer eventually. Don't have unrealistic sales expectations. There's no way that a company can sustain a 30% growth rate year after year without eventually plateauing out. Taking more and more out of employee commissions just to keep the company afloat will pop the bubble you are creating.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Good company, Interesting work, great people, Not much room for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Support in Memphis, TN
    Current Employee - Sales Support in Memphis, TN

    I have been working at Fastenal part-time (less than an year)

    Pros

    Great work/life balance, great managers, every day is different. Once you are a manager, many companies recruit from fastenal.

    Cons

    Low pay, their employment structure has too many lower level jobs, very very few upper level jobs. Once you get to a store managers job, it is hard to advance much further due to the lack of middle management jobs.

    Advice to ManagementAdvice

    Make smaller districts and have more district manager positions. By providing more room for advancement they would retain more employees.

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Fastenal

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