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An environment where you will learn quite a bit, but may experience too much downtime.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Intern
Former Employee - Intern

I worked at Thomson Reuters

Pros

The caliber of people you are working with is quite impressive. These are smart people who you can learn a lot from.

Cons

-Doesn't really seem to be a strong career path built out. I don't think they have leveraged this program as well as they could.
-There are periods where you really don't have a lot to do.

No opinion of CEO

Other Reviews for Thomson Reuters

  1. 4 people found this helpful  

    Confused leadership with consistently changing management and direction every other quarter

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

    I worked at Thomson Reuters

    Pros

    Potential to make $$ if in sales - but limited to very high quota attainment. Work from home, which offers flexibility. Semi autonomous, if you perform well they leave you alone. Other hard working individuals who often share information and offer to help.

    Cons

    Management is so unoriginal, they have moved to the "we only know how to make more $$ by cutting jobs, benefits, salaries and overhead, rather than actually perform as a sales division and make money/profits/sales." Every year the company cuts significant number of sales force - each November. This has been going on for at least 4 years, but was hidden from the public. While criticizing its competitors like Lexis-Nexis Reed Elsevier and others, it follows the exact same strategy that they follow which TR criticizes. A lot of pressure to hit sales each and every month. Quota has been increased so much that it appears management is either trying to forcibly make the sales force miss quota to not have to pay them bonuses, etc. or they simply don't know what they are doing, or they are desperate and keep projecting crazy numbers so higher ups in the executive committee don't fire them. It is expected that every 2.5 to 3 years a major shake up occurs to management - the new VP or Director comes in and promises change, but only cut salaries and potential comp and do nothing else really. This used to be a well oiled, fine tuned bad a** sales force - it has been completely demoralized and many, many well qualified sales people have left, been put on PIP and forced out, and/or simply quit. It is shocking the number of people who go on "disability" because they resent the company so much they actually just need some time off before they quit or get fired. This is the direct fault of management and probably costs the company an arm and a leg, but management is so underwhelmingly inside the box, they do nothing to change any root causes of this type of behavior - that would mean they would have to admit the company has been misguided. I could go on and on. The environment is toxic. Sales people used to get pensions, used to have a possibility of moving up - but not now. Even if you are good at what you do, some lazy manager has the ability to pin you to your job and pay level for the rest of your life if he/she wants, and they would never want to lose a decent sales person, so hence, you will never have the chance to move up.

    Advice to ManagementAdvice

    Fire yourself. Don't keep using the slash and burn standard operating procedure of a company on the way down. The product is good - management should have the cojones to stand behind it and the sales force and not rely on slashing compensation to hit revenue targets - that is not sales - that is lazy! Meanwhile, everyone at the top keeps getting raises and more and more. Largesse at the top and unhappy people at the bottom - never spells for a happy ending. Tom Glocer - CEO of the entire company (TR) until Dec 2012, just left with a exit package worth about $30 million AFTER he is guaranteed lifetime private jets for him and his family (and nannies) and had luxury penthouses paid for him in both New York and London. I guess this is where all those salary and compensation cuts went, huh? The 2007/2008 "financial crash" excuse can't cover you too much longer - the company is selling more units and is more profitable than ever.

    Doesn't Recommend
  2.  

    Great large company with a fairly open culture

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

    I have been working at Thomson Reuters

    Pros

    Great people, interesting work and fairly open culture. Wide breadth of products that are at the top of the market. Open access to all levels of management.

    Cons

    Unequal pay, compensation generally is not up to par with similar salaries externally. Work/life balance is excellent on paper but doesn't really translate into the culture of different departments.

    Advice to ManagementAdvice

    More competitive pay and compensation. Salary bands are too broad. Pay is unequal. I've been told several times that in order to get a competitive salary I would need to leave and come back. Don't push your good people out. Bring back tuition reimbursement.

    Recommends
    Approves of CEO
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