Encore Capital Group Reviews

Updated April 12, 2015
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3.3
71 Reviews
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Encore Capital Group President and CEO Kenneth A. Vecchione
Kenneth A. Vecchione
13 Ratings

Pros
  • Great work life balance, great views (if you're working in the corporate office) (in 10 reviews)

  • I relocated to San Diego a couple of years ago and applied for a position with Encore Capital (in 4 reviews)

Cons
  • Non-supportive, experienced senior management (in 3 reviews)

More Pros and Cons

Employee Reviews

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  1. Senior Vendor Specialist

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

    I have been working at Encore Capital Group

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good company to work for

    Cons

    Some employees do not like health benefits

  2. Don't join unless you're going into management or are desperate for income. There's no personal growth here.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Analyst in San Diego, CA
    Current Employee - Data Analyst in San Diego, CA

    I have been working at Encore Capital Group full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    People are easy to get along with. The millennials are particularly fun, but the company is losing them like crazy because there's no growing internal career paths.

    Starting pay is okay (but it doesn't increase faster than inflation).

    Cons

    Pay increases are virtually non-existent. They don't even beat inflation for 80%+ of employees. The only way to get a "meaningful" raise (still only 5%) is if you're promoted - and that happened to only one person I knew while working at Encore for well over a year.

    The company is behind the times - IT is slow, and they're using arcane systems that were built in the 90's. My phone has more ram than my office computer.

    People under 30 tend to work here for about 3 years, then leave. It's not a place to make a career unless you're entering as a manager.

    Monthly deadlines make it a feast-or-famine workload. Some days, you will be swamped, working a double shift. Others, you will have nothing to do (and often will have to stay in the office for no reason).

    Taking time off can be a pain - it takes 2 weeks+ with some managers to get a request in. Also the company's busiest time is the end of December/first quarter. Peons in the corporate office often don't get to take time off at all around the holidays because of this.

    Management plays favorites.

    Reviews are only annual, and feedback is limited, so you won't even know whether you're about to get fired or promoted for most of the year.

    Advice to Management

    Give your non-management employees decent raises. The recession is over. And a $200 "bonus" is insultingly low for a finance company, even if it was unexpected.

    Tell your employees how they're doing constantly and clearly. The current year end review program is terrible and useless. Be sure to tell them "good job" too. Some things don't deserve awards, but they are worth at least a pat on the back.

    Give some stock to your lower employees (or at least give them an option to buy at a discount). It will increase employee engagement, and give employees a right to have a voice in the way the company functions.

    Create a definitive internal career development path. There is really only room to get promoted if someone else leaves, and that really doesn't happen with management at Encore. Might also be good to force people to rotate through different departments. Some managers are way too comfortable.

    Fix IT. That department gets more internal complaints than anyone else. Here's how to fix them:
    -Limit the help desk to only one type of ticket (none of these "incident report" vs "project request" vs everything), and actually enforce them. They get closed all the time for no reason
    -Give everyone doing analytics a decent computer. Waiting just to open an excel file is annoying.
    -iSeries is old. Replace it with something new and shiny.
    -Know that the people who work in IT are smart, capable people. They just have bad tools and poor direction.

  3. Constant change, leading the collections industry

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

    I have been working at Encore Capital Group full-time (more than 10 years)

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Generous PTO policy
    Smart, friendly employees
    Strategic decision-making
    Consumer point of view policies

    Cons

    No room for advancement
    Workforce downsizes
    Constant change in policies
    Increase in non-domestic work

    Advice to Management

    It's okay to put career pathing decisions into employee hands but make sure you have a system in place to support actual development of employees.

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  5. Overall, it's just like any other larger company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Encore Capital Group

    Pros

    I really like the people who work here. They're down to earth and for the most part willing to listen to suggestions and take feedback.

    Cons

    It can sometimes be a little bureaucratic and there definitely a difference in people's perceptions of the value analysts bring compared to other roles in the company.

    Advice to Management

    Try to push to make things equal where you're able to.

  6. Helpful (1)

    Needs a better atmosphere

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Encore Capital Group

    Pros

    Good entry-level pay, good corporate events

    Cons

    Not very collaborative, needs to have an outlook that attracts the younger generation

  7. Helpful (4)

    No longer see Encore as an Employer of Choice

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

    I have been working at Encore Capital Group full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Have met some good and genuine coworkers, Excellent 401K match, convenient location, company making an international footprint, had good learning opportunities

    Cons

    Company Culture...period. I use to be optimistic about Encore as an employer of choice but the bureaucratic environment puts a damper on even being happy to come to work. There are a few managers that you feel genuinely care about your growth in the company. But unfortunately, there are more managers you feel will smile in your face to lighten the scenario but are not as invested. It has become a numbers game and it has effected everyone. There is no longer a community here. There is talent flying out the door, not because they are fired but because they resign. There is effort by leadership to bring change but it is clear they are moving at a pace way slower than the market and this is hurting the company in major ways.

    Advice to Management

    Implement a formal coaching and mentoring program for all levels of the organization sooner than later. You speak of talent retention but the genuine effort is not apparent yet. You can't expect employees to embrace a message that is treated in a siloed manner. A few team builders are addressing symptoms...not the root issues. Encore's reputation as an employer in the San Diego market is not great.

  8. company culture in the whole company promotions company value salary training

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

    I have been working at Encore Capital Group

    Pros

    “Steady work place. Benefits are average.”

    Cons

    “You may get laid off without advance notice due to a "job elimination" decision.”

  9. Helpful (3)

    IT staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Staff in Phoenix, AZ
    Former Employee - IT Staff in Phoenix, AZ

    I worked at Encore Capital Group full-time (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good money. Nice coworkers. Fun place to work and to develop good skills.

    Cons

    Bad managers. Favoritism in San Diego. A director in San Diego has bad emotional problems. He will yell at you one minute and then is super nice the next minute. The CIO could careless.

    Advice to Management

    Hire better leaders. Who cares about ping pong.

  10. Is the growth sustainable?

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Encore Capital Group

    Pros

    Good Training opportunities, Good growth opportunities in SD

    Cons

    No growth opportunities in Warren. Vision is there, but does not have execution plans.

  11. A great company with an exciting future

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

    I have been working at Encore Capital Group full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Everyday I'm challenged with new tasks, projects and opportunities. Encore is growing quickly, which has created a changing environment that helps keep me engaged.

    Cons

    Sometimes new tasks are not well thought out and may require work to be redone using different assumptions.

    Advice to Management

    Spend less time reacting and more time planning.

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