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Secrecy overwhelms good sense

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

I have been working at MoneyGram International

Pros

Some good, a few great, managers. Some really great co-workers. Some opportunity to move up, some really smart people found in odd corners of company.

Cons

Everything is a secret. Too many decisions made in vacuum without input from folks with useful information because of the secrecy. Rush decision. Favoritism not skill too often behind hiring in senior levels. Too many opportunities only in Dallas. So if you live in Dallas, great, but if not, many key jobs being moved there, and not as much interesting work left in Denver or Minn. The secrecy issues cannot be overstated. Communication between global divisions, is improving, but it's not enough yet

Advice to ManagementAdvice

Be more open. More communication, not less, about decisions both made and in negotiations. Also, do we really need that many senior managers? We lay off the folks at the bottom of the totem pole, and hire at the top, but haven't seen any real improvements in strategy or performance that justify the huge upper management hires in Dallas.

Doesn't Recommend
Disapproves of CEO

Other Reviews for MoneyGram International

  1. 1 person found this helpful  

    A company in transition

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

    I have been working at MoneyGram International

    Pros

    MoneyGram is a company in transition emerging from years of recapitalization due to poor investments and a bad economy. Long term outlook is positive

    Cons

    Company is positioning itself for potential acquisition

    Approves of CEO
  2. 1 person found this helpful  

    Good overall company to work. Fair to employees.

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

    I have been working at MoneyGram International

    Pros

    Nice work environment. People are kind and promote team concept. Many long term employees.

    Cons

    Limited products. Highly regulated industry as a money transfer company so frustrating with lots of red tapes. Good and high performing employees are leaving the company.

    Advice to ManagementAdvice

    Company is too slow in responding to the speed of business. No new products.

    No opinion of CEO
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