Illinois Tool Works

  www.itw.com
  www.itw.com
There are newer employer reviews for Illinois Tool Works

 

ITW Tax Department

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Tax Analyst in Glenview, IL
Current Employee - Senior Tax Analyst in Glenview, IL

I have been working at Illinois Tool Works full-time (more than 5 years)

Pros

Better pay than most companies due to high turnover rate and reputation, good health benefits and 401(k)

Cons

HR had the tax department do a self-assessment survey approximately three years ago. The results came back that the tax department has no guidance in career opportunities and development, no reward or recognition, poor communication, management lacking leadership, no promotions, strenuous and stressful job, and majority of individuals would not recommend other colleagues and friends to work at ITW. The issues remain in existence and seem untouched.

Currently through all the issues at ITW, there is a high turnover rate within the tax department as well as other corporate departments. Within the last 3 years, there are approximately 20 individuals that have left the tax department. In the last 12 months, three vice-presidents of the tax department resigned from their position. Two of the vice presidents came from reputable companies and lasted less than a year at ITW. Staff and management are accustom and unsurprise that individuals are leaving the tax department. To accommodate the high turnover rate, the tax department has approximately 10-20 interns on any given day and consultants are an essential resource.

A bad reputation about the ITW tax department lingers in the business world. The bad reputation has brought a challenge to recruiting talent for ITW. To accommodate the bad reputation, ITW will offer a higher salary then the norm for new employees.

Advice to ManagementAdvice

Try to resolve the issues and build a reputable reputation.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

133 Other Employee Reviews for Illinois Tool Works (View Most Recent)

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  1. 1 person found this helpful  

    Too many haters; not enough camaraderie amongst employees due to Supervisors lack of management skills/maturity.

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

    I worked at Illinois Tool Works full-time

    Pros

    Great benefits; Corporate is great!

    Cons

    Too much animosity amongst workers; too many haters; supervisor not competent/mature.

    Advice to ManagementAdvice

    Somebody needs to watch the incompetent watchers (the ones that should never have been appointed supervisors!)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2.  

    Great learning experience; gave me the ability and confidence for my current position. Great co-workers and management.

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

    I worked at Illinois Tool Works full-time

    Pros

    Decentralized business units; standalone companies yet still under the corporate umbrella. Well-compensated for my position.

    Cons

    "Non-essential" positions which don't directly contribute to sales revenue and the bottom line (e.g. marketing) are prone to layoffs.

There are newer employer reviews for Illinois Tool Works

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