Tiffany & Co.

  www.tiffany.com
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280 Employee Reviews (View Most Recent)

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3 people found this helpful  

Political and retribution

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

Pros

As a business, it is a good company. The overall company goals are good. They donate significant amounts of money to various charities. They offer well made, quality products.

Cons

Retribution. If you address a concern with upper management then mid-level management will get you back! No clear direction from management. Management constantly works against one another.

Advice to ManagementAdvice

Stop the retribution! If you want people to develop themselves there should be follow up and coaching from the manager and or human resources.

Doesn't Recommend
Approves of CEO

Other reviews for Tiffany & Co.

  1. 1 person found this helpful  

    Started out better than it's ending.

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

    Pros

    Well run publicly held company.

    Cons

    Once you hit your ceiling range, you're pretty much done at a certain age.

    Advice to ManagementAdvice

    Less bureaucracy.

    Approves of CEO
  2. 9 people found this helpful  

    Watch your back at Tiffany, it lacks it's luster

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

    Pros

    It was good to have on a resume and it had a nice discount. The store before 2008 layoffs of senior members of TIffany was a pleasant place to work. They used to have nice events and outings and holiday parties.

    Cons

    Working at TIffany was a very disappointing position. They never had any intention of promoting myself or anyone else from the store I worked at and they wanted you to remain in sales as long as you made the managers look good. When I was just shy of receiving my pension and being fully vested, they made up an excuse and fired me. They could not even justify the firing. They worst is that they will try to deny you your unemployment and then sick an outside company named TALX to try to intimidate you while dealing with unemployment. If you have this problem, make sure you have all your reviews and copies of company policies in order. TIffany didn't even follow their own policies in my own termination. Our store management team was unprofessional, played favorites with the staff and would never leave their offices. Very childish work enviroment.

    To any current staff member who is reading this, remember one thing: if you own ONE piece of TIffany stock, you are a stock holder of the firm and have voting rights every May. The Upper Management team recently sent out Proxies for stockholders to vote on. Use your power of the vote to vote against their Board of Directors and them getting their raises. They sent the proxys out without even sending the prospectus out or even letting voting members know what raises they wanted. Last year, our CEO got a 15 million dollar golden parachute if he gets let go from the company if some one takes over. The average raise of a Tiffany salesperson is .30 cents.

    Also, read the fine print. If you were hired after January 2006, you are part of what is called the Excess Plan, where if the company terminates you for cause or you leave the company prior to age 65, if theyyou fail to execute and adhere to non-competition and confidentiality covenants, ie if they fire you for anything, you lose all your profit-sharing that you earned. Really read the propectus.

    The only recourse in change in the culture of Tiffany is to use your power of the proxy vote and vote against everything. As an employee or former employee who owns shares of Tiffany stock, that is your right as a stockholder.

    Advice to ManagementAdvice

    Stop being so greedy with everything. You are overcompensating yourselves and giving very little to your employees and hard working staff. Have your store managers better trained and to put their foot down with employees who steal sales and act petty. Stop harassing hard working staff with goals that are unattainable and pushing out staff just because they are over 55. February of 2009 was a sad day for many dedicated Tiffany employees who did not want to retire early. Forcing people out and then rewarding yourselves with raises is pathetic.

    Doesn't Recommend
    Disapproves of CEO
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