IBM

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1 person found this helpful  

> 10 Years in Finance

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Financial Analyst in Somers, NY
Current Employee - Senior Financial Analyst in Somers, NY

I have been working at IBM full-time (more than 10 years)

Pros

IBM is a good place to get your career started.
Given the breadth of IBMs business, you can get broad experience in technology if you move through software, hardware, and/or services. However, it will take several years to get valuable experience in more than one of those groups.
Compared to other tech firms, if you are a good performer, employment is stable in tough economic times. They do lay-off, but tend to do a small number of pruning, vs. large reactionary layoffs.

Cons

It is bureaucratic.
Lots of room to grow for early professionals, but almost none for mid-carer and up.
Requires unhealthy dedication to get to upper employee bands or executive appointment. . . and as life goes, this coincides generally when people have small kids. So you choice is be a rockstar IBM employee, or have a family life whose main theme is your not around and your career is the central family priority.
Raises have never been good, but lately the average percentage for the finance organization is 1%. So while they have a theory of meritocracy, if you only have 1% to divide up, it is hard to reward anyone.
The bonus program is billed as up to 12% annually, but practically speaking, it is in the 3-5%. 5% being a very good year.

Advice to ManagementAdvice

Employee moral is low, you cannot grow the business with people that feel undervalued. For the average employee, there is no incentive system.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

13263 Other Employee Reviews for IBM (View Most Recent)

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  1. 2 people found this helpful  

    A mixed bag but overall, heading in the wrong direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Managing Consultant in Atlanta, GA
    Current Employee - Senior Managing Consultant in Atlanta, GA

    I have been working at IBM full-time (more than 10 years)

    Pros

    broad resources to leverage for any assignment , reasonable pay, benefits historically excellent

    Cons

    benefits slowly going down the drain, constant US resource actions leading to extremely overworked people left (now you have to be billable at least 125-145% of the time just to be considered "average") extremely unfair rewards system (advertise that they "reward performance" but reality is, rewards are extremely limited so most who "perform" are definitely NOT rewarded due to the inadequate forced curve. Innovation is possible at IBM, but definitely an uphill battle. Most business units are purely interested in staffing their opps and nothing more--you will have to fight LONG and HARD to get anything new seriously considered--but, it IS possible at least.

    Advice to ManagementAdvice

    Your manaical focus on your shareholders is ruining this company--slowly, but surely. There's no advice I can really give, because you aren't interested in anything else, despite what you tell clients IBM is all about. It's a shame to watch this historically great American company sinking with respect to delivering real value to customers.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Generally poor company to work for - many more cons than listed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Managing Consultant in Washington, DC
    Current Employee - Senior Managing Consultant in Washington, DC

    I have been working at IBM full-time (more than 3 years)

    Pros

    Work from home, IBMr's seem professional and knowledgable.

    Cons

    Poor management structure - matrix no one can figure out who actually is accountable or in charge. Incredibly pitiful (complex, difficult to use, myriad of security and login features, etc. etc) internal business and HR types processes, procedures for employee everyday use. Unbelieveably poor support for employees on their computers and software. My boss was without his computer for about 3 weeks - the employees computer is required for access to everything they need for our work. I personally lost my Lotus Notes (required e-mail system) for 5 business days with no way to get to it accept drive to an office and login on a walk-up station. Lotus Notes owned by IBM is a far weaker e-mail system than MS Outlook. Lotus Notes and all other internal software and systems are very cumbersome and not user friendly.

    IBM has recently made many moves to cut costs at the employees expense and loss of productivity. It is truely a self service organization. There is constant pressure to improve your utilization (a term used for maximizing billable hours). Managment pressures many ways to not take your vacation, holidays, etc to improve your utilization - its part of the culture.

    IBM in the last month announced they are going to withhold 401k contributions to the end of the year (netting IBM a very large $10's of millions in time value of money/interest) and not funding those that aren't still with IBM by Dec 15th of any given year. A quick analysis of this - nets IBM $84 Million annually +/- 50%.

    IBM is willing to try to market themselves in many areas they really have limited or no knowledge or expertise in (many areas of the "Smarter Planet"). Personally witnessed this from involvement in many marketing efforts. IBM uses high dollar marketing executives who are very capable but limited knowledge of the basics in the markets they are persuing.

    IBM's acquisition process can in many instances slash/trash and burn acquired companies. The company I worked for was purchased and has in a few years been basically put out of business - former company employees laid off, attrition seeing the handwritting on the wall with very few survivors.

    Enough said.....

    .

    Advice to ManagementAdvice

    Read the Cons and do something about these practices before IBM declines.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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