The Standard

www.standard.com
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1 person found this helpful  

Great company but tough times are impacting results and moral

  • 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 The Standard full-time (more than 10 years)

Pros

Long term focus, great history, new Sales VP who is willing to change things up, great distribution network potential, top ten performer

Cons

Tough to articulate and execute a strategy, non-competitive in many market segments, lack innovation in products, experiencing higher turnover and position reductions

Advice to ManagementAdvice

Take risks before becoming irrelevant

Doesn't Recommend
Negative Outlook
No opinion of CEO

108 Other Employee Reviews for The Standard (View Most Recent)

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  1. 1 person found this helpful  

    Great Mutual company that transformed into an "Okay" public company

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

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

    Pros

    Deep roots in the community
    Conservative

    Cons

    Shrinking currently
    Benfit erosion since becoming a public company

    Advice to ManagementAdvice

    Return to being a mutual company--people seemed to really love this place back then.

    Recommends
    Negative Outlook
  2. 10 people found this helpful  

    "If you can't say something nice, don't say anything at all"

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

    I have been working at The Standard full-time

    Pros

    *Company has been very humane during recent layoffs, providing decent severance packages and outplacement services.
    *Generous PTO policy.
    *HQ is in a nice downtown location.
    *Most employees are well educated and sincerely want to make the company successful.
    *Claims department does a great job despite being understaffed and inundated.
    *Claims are paid in a timely manner and using ethical standards.

    Cons

    *As many have said, company culture is passive-aggressive.
    *People are labeled as having "poor attitudes" when they express a contrary opinion. Once branded, there is no salvaging your career.
    *Conflict ("negativity") is discouraged, which means creativity and risk taking die. Workers keep their heads down to protect their jobs.
    *H.R. is there to protect the company, not to help employees, and some H.R. staff appear annoyed when they have to deal with employee issues.
    *Some leaders use fear as a management strategy. Without a safe environment for discussion and honest communication, morale and productivity plummet.
    *There are constant reorgs in some departments, leading to lost productivity and lack of vision.
    *Many leaders are not seen as trustworthy by their direct reports, and this is warranted.
    *Company is slow to react to economic realities and changes in the business environment, and hasn't invested in needed technology infrastructure to support growth and change.
    *Company invests in stupid ventures without doing their homework, while not investing in core business to stay competitive.
    *Cronyism runs rampant - the best way to be promoted is to befriend someone in power.
    *"Talent Management" is a joke. There is plenty of talent, but people are not encouraged to move around the company to learn new things. Smart people languish while managers hire and promote their buddies.
    *Employees work long hours while some VPs arrive at 9 and leave at 4.

    Advice to ManagementAdvice

    Get out of the ivory tower and actually walk around so you can meet/talk to employees on the front lines. This will only work if you make it safe for them to tell you what's really going on in the company without retaliation; otherwise they'll just tell you that everything is "fine." Hint: it's not. Quit hiring and promoting narcissistic bullies who don't "care about people" and only know how to manage up. Settle on a company strategy and have the balls to communicate your vision and invest wisely toward the goals you've set.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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