Town Sports International Holdings

  www.mysportsclubs.com
  www.mysportsclubs.com
There are newer employer reviews for Town Sports International Holdings

 

Fun place to work but awful treatment of employees

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

I worked at Town Sports International Holdings full-time (more than an year)

Pros

Free Gym Membership, Good people, solid amenities and decent growth potential

Cons

Increasing responsibility and hours for staff with little or no increase in pay, negative attitude towards staff, continue to cut back and expect same results as competitors, benefits ok not great and take a long time to kick in, too much movement of management

Advice to ManagementAdvice

Members want consistency in management teams building relationships is key to keeping people happy. Ask yourself if you would accept a lower position for the pay that say a housekeeper is getting paid and less hours with a family to support. Pleasing stock holders is important but losing valuable team members at the end of the day can hurt as much as the stock dropping 5 cents!

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

137 Other Employee Reviews for Town Sports International Holdings (View Most Recent)

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  1.  

    Great experience and opportunity to make a difference

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance in New York, NY
    Former Employee - Finance in New York, NY

    I worked at Town Sports International Holdings full-time (more than 3 years)

    Pros

    Strong CFO. Good business model of controlling quality by avoiding franchising.

    Cons

    Too frequent managerial changes. Below market compensation for all but senior executives. Lower than average benefits package.

    Advice to ManagementAdvice

    Invest in your people more with training and advancement opportunity

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    TSI has been a revolving circle of falure for over 10 years and it starts with the CEO.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - General Manager in New York, NY
    Current Employee - General Manager in New York, NY

    I have been working at Town Sports International Holdings full-time (more than 3 years)

    Pros

    - Free gym membership
    - You meet some nice members and co-workers
    - Free gym membership
    - You have a job
    - Free gym membership

    Cons

    Since TSI went public over 10 years ago this company has completely spiraled downward in every aspect of business, they have become the second coming of BALLY'S. (probably worse)

    TSI's greed has single handedly destroyed a once pround and fun fitness industry.

    - Take it from an employee of close to three years, if you have pride, dignity, loyalty, honesty and a strong work ethic, please stay away from this company. You are worthless to them, they will use you, burn you out then throw you to the curb. I've seen it many, many times.

    - They do not care about members or employees, make no mistake, their number one goal it to maximise stockholder wealth at all cost, PERIOD. They are in the business to sell stock using fitness as a front and the employees are their expendable tools.

    - Their coroporate governance is lead by a team of repetative falures with absolutely no vision. From top to bottom TSI management is completely incompetent and lack leadership skills of any kind. They only understand one philosophy, management by fear, because they know deep down they themselves can get the axe at anytime, so the paranoia is passed down through the ranks of management.

    - Bob G. the CEO is a throwback personal trainer from the 80's who has zero business education or acumen whatsoever. He has failed at his position repeatedly yet still gets to keep his job mainly because no person is desparate enough to take his position. His job is to try and keep the stock price up by maintaining an artificial harmonious and productive work environment for the stockholders. While his orders his direct reports to keep up the unbearable micromanagement pressure to drive sales and cut expenses down to the last penny.

    - TSI abuses it's employees through anger, threats and intimidation. They have created a toxic environment in an industry that is supposed to promote good health.

     - Including the CEO position, TSI is a high turnover company, that's so poorly managed it's impossible to stay, even if you succeed.

    - Employee theft and dishonestly are rampant.

    - Pay is poverty level, minimum wage at best. And if you think you're lucky being paid a salary don't be fooled, they will stretch your hours and make you do the work of multiple employees to make your salary less then minimum wage.

    - TSI is a bait and switch company.

    - Members hide your Credit Cards and don't sign anything unless you have a lawyer read it first!

    Advice to ManagementAdvice

    Sell the company to someone who knows how to run a successful business.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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