There are newer employer reviews for Visa Inc.
There are newer employer reviews for Visa Inc.

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Helpful (1)

Poor work-life balance

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Director - Finance in Foster City, CA
Former Employee - Director - Finance in Foster City, CA

I worked at Visa Inc.

Disapproves of CEO
Disapproves of CEO

Pros

World class products and services and it's great to be associated with the brand. Co-workers are friendly and it's a collaborative atmosphere.

Cons

Senior management talks about work-life balance but do not acknowledge workloads and regular very long hours and are very reluctant to increase staffing to keep expenses low. Hard work is not generally acknowledged or rewarded. There is a lot of politics and infighting among senior management.

Advice to Management

Work harder to acknowledge and reward the contributions of employees. Staff up appropriately as current workloads are not sustainable and people will leave.

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  1. Helpful (1)

    Corrosive

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

    I worked at Visa Inc.

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Benefits are really good. Visa still has a pension program which is good. The company is doing well. There are a lot of good people at Visa.

    Cons

    Poor management. Unfortunately, after going public Visa has changed tremendously, it used to have a family atmosphere/culture now it is completely corrosive.

    Advice to Management

    Instead of cutting costs being the number one priority, Visa should try to take more of the market share by innovating new products.


  2. Helpful (5)

    IPO Changed Everything!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Business Leader in Foster City, CA
    Current Employee - Senior Business Leader in Foster City, CA

    I have been working at Visa Inc.

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Pay and benefits are above average. Majority of workforce are competent individuals who are friendly.

    Cons

    IPO resulted in a Visa USA management coup where majority of senior/tenured Visa International staff were terminated. Performance reviews are vague, subjective and meaningless, HR is clueless and provide no support to workforce. Politics and bureaucracy is rampant and out of control (nurmerous signatures required for capital purchases(13), product approval (25)). I am afraid to raise issues to HR for fear of retribution. Executives spout the company line of cutting costs but this is only applies to the worker bee. Typical corporate greed: No pay raises for employees in 2008, CEO lives at 4 Seasons San Francisco and reaped $1.7 million bonus and has 2 private/leased corporate jets ($50 mil), exec management offsite meeting in Pebble Beach (thousands per exec). Hundreds of millions spent on ad campaigns with no empirical data to support expense but great for execs at NFL events and Olympics. Current mission to force out/lay off more seasoned employees who are close to retirement (severence packages are generous, though). Benefits continue to be cut while executives are rolling in dough (from generous stock options awarded to themselves).

    Advice to Management

    Better communications, be more visable and sensitive to staff needs. When employees are sacrificing, lead by example and do not take bonus/perks. HR should exist to help employees not defend management. Enact strict open door policy with no retribution. Hold senior management accountable for failures (via demotions or termination). Institutionalized "fire fighting" management system needs to eliminated. Cost cutting is stifling innovation and growth while marketing is spending millions on sponsorships and ad campaigns with no data to support benefit.


There are newer employer reviews for Visa Inc.
There are newer employer reviews for Visa Inc.

See Most Recent

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