FedBid

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  www.fedbid.com

FedBid Reviews

Updated November 12, 2014
Updated November 12, 2014
67 Reviews
3.3
67 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Ali Saadat
32 Ratings

Review Highlights

Pros
  • Outside of "busy season" (July-September), the hours are reasonable (in 11 reviews)

  • They have a decent amount of free food, which offsets the slightly lower pay (in 9 reviews)


Cons
  • There are a lot of layoffs that are not always associated with whether it is busy season or not (in 13 reviews)

  • Very little work-life balance and respect for those in Market Ops/ customer service teams (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 3 people found this helpful  

    Great Place to Work & Grow!

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

    I have been working at FedBid full-time (more than an year)

    Pros

    I started as an intern, fresh out of college without a business degree. FedBid provided the tools and training to be as successful as possible. When entering the company I was assigned a mentor in upper level management to help answer questions/offer advice for not only FedBid but my career as a whole. The executive staff are involved and willing to take a moment to discuss previous experiences to help build a better culture.

    FedBid provides young people the opportunity to be leaders early on in their career. The professional growth I have taken year after year is directly related to the management around me and how the company is structured. This company fosters an open/competitive environment and hard work pays off.

    Cons

    Whether you are going to or from work there is always traffic in Tyson's Corner (this does not apply if you take the Metro).

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Marketplace Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketplace Intern in Vienna, VA
    Former Employee - Marketplace Intern in Vienna, VA

    I worked at FedBid as an intern (less than an year)

    Pros

    -Great work environment for students out of college
    -Structured training program that readily provides you with tools and skills necessary to succeed

    Cons

    -The work is tedious and can get boring

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great place to start

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

    I worked at FedBid as an intern (less than an year)

    Pros

    The company culture is awesome. The work is challenging and worth while. Free lunch everyday. Free parking. Pay is great for an intern - $16/hr.

    Cons

    Because of the cyclical cycle, it's very difficult to remain employed after October 1st, even if you've done an incredible job.

    Advice to ManagementAdvice

    Let interns know if they will stay on board earlier than the last day of work. It's not fair.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 5 people found this helpful  

    A good first job, not a good place to stay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Specialist in Vienna, VA
    Former Employee - Specialist in Vienna, VA

    I worked at FedBid full-time (more than an year)

    Pros

    There is the potential to learn a lot at FedBid. You'll learn how business works, and how to be in the professional world. You can have ownership of what you do, and some of the lower level directors are young, but good managers.

    Free food is cool too, but who knows how long that will last.

    Cons

    Executive management doesn't seem to have any sort of direction or clue about what direction the company needs to go. New ideas and initiatives come out fairly regularly, but they never seem to really go anywhere, meanwhile, some desperately needed fixes have been ignored for a long time.

    There is ZERO job security here. If you make it past the internship, you still may be laid off without any sort of warning at seemingly any time.

    Benefits like free food have taken a serious hit. It used to be that food was catered every day during busy season, this year it was three times a week. The quality of snacks also plummeted.

    Advice to ManagementAdvice

    A very high turnover rate is not good at all. You are either losing very talented people because you aren't paying them enough, or you are letting them go because you don't have any direction. You're spending so much time on training, and you're operation at a minimal efficiency.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 3 people found this helpful  

    It was OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Market Specialist in Vienna, VA
    Former Employee - Market Specialist in Vienna, VA

    I worked at FedBid full-time (more than an year)

    Pros

    Benefits were nice. The work environment severely depended on the season, where you would be running around with a notepad in one hand, and a phone on the other. The relationships you build with both clients and co-workers are pleasant, but can get pretty rough.

    Cons

    They used to call it the Massacre, where at the end of busy season, they would cut out a good chunk of the hires from the summer. Advancement from the position seem a bit limited.

    Advice to ManagementAdvice

    Manage hires a bit better so that there is no significant lay offs in one day.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Great 1st job out of College but has limited long term opportunity

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

    I worked at FedBid full-time (more than an year)

    Pros

    - Excellent environment for early career learning
    -Very young culture based around yearly intern classes that have provided the majority of the younger supervisors and managers
    - Interesting product and service offering
    - Opportunity to work on site in government offices around the country

    Cons

    - Compensation is less than industry standard for similar positions
    - Expectations are high and lack guidance at times, partly due to younger supervisors/ middle management

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Good Learning Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Specialist in Vienna, VA
    Current Employee - Account Specialist in Vienna, VA

    I have been working at FedBid full-time (less than an year)

    Pros

    Nice people. Lunch every day. coffee and snacks all day.

    Cons

    Pay. Company is very young so some of the managers aren't very good at handling people.

    Advice to ManagementAdvice

    Make the internship more selective and rather than shaping it to seem like interns won't get offered a job, make it seem competitive and that only the best get hired.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 6 people found this helpful  

    High Stress, Little Skills Gained and Not Enough Compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Market Specialist in Vienna, VA
    Former Employee - Market Specialist in Vienna, VA

    I worked at FedBid as an intern (less than an year)

    Pros

    - Managers and supervisors appear to be open to concerns
    - Company tries to sponsor social events for employees
    - Catered lunches during busy season

    Cons

    - You'll be lucky if you get a chance to leave your desk for more than a few minutes at a time; be prepared to never see sunlight during the day, and for your vision to deteriorate as you sit crouched at your cubicle desk staring at the monitor for hours at a time. Management will try to "encourage" you to take breaks, but it is all just words - you have to get your work done and it is a highly stressful load during busy season
    - You do NOT get paid enough for the amount of work you will be required to do
    - Inexperienced supervisors
    - Management that is disconnected from the rest of the company (from those "in the trenches)
    - Be prepared to spend half of your day on the phone
    - You are allowed a very strict one hour break during the day, but most people will only take 20-30 minutes because of fear of not finishing their work; if you do take your full hour, be ready for some disapproving looks and concerns from your supervisors
    - Monotonous tasks, day after day, hour after hour
    - Not a very inclusive environment; you will see many cliques and blatant acts of favoritism

    Advice to ManagementAdvice

    I wish management knew what REALLY went on between the senior account managers and the account manager teams, between the market managers/senior market specialists and the market specialists, as well as between the supervisory relationships among the other departments. Supervisors lack skill and experience in handling team dynamics and individuals.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 3 people found this helpful  

    ok

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

    I have been working at FedBid full-time

    Pros

    interesting service, diligent coworkers, free food at times, interesting product

    Cons

    high turnover, overwhelming expectations, little resources, need i say more?

  11. 3 people found this helpful  

    Great experience worthy of a positive review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Manager in Vienna, VA
    Current Employee - Account Manager in Vienna, VA

    I have been working at FedBid full-time (more than an year)

    Pros

    I came into this company, as an intern, fresh out of college without any business/financial experience. FedBid provided interactive training and allowed me to implement these skills in daily operations to the point where I was promoted to an Account Manager. Whether you studied English, Business, or even Psychology, FedBid is one of those rare companies that accepts individuals from all types of backgrounds. The innovative training and consistent mentor-ship that takes place during an employee's tenure will not only prepare one-self to take on their role but, will enhance overall performance throughout their career. With any company, the core values upon which an institution is found upon are crucial to their business application. FedBid exhumes efficiency, diligence, and support for their clients as well as providing growth for their employees. The board members and executive staff are not only present with day-to-day operations of each department, they are always willing to take a moment to convey ideas and past experiences to help foster each employee, no matter their title. In regards to employee benefits, FedBid offers generous compensations in the form of gym membership, 401K, and medical/dental. Moreover, the company also provides free catering and social events during the months of August/September to boost morale. One can never put a price on free food.

    Cons

    Nothing comes to mind as of right now.

    Advice to ManagementAdvice

    My advice to management would be to continue the "open door" policy that takes place everyday. The knowledge and experience an individual can gain from these interactions its extremely beneficial.

    Recommends
    Positive Outlook
    Approves of CEO

    FedBid Response

    Sep 24, 2014CEO

    Thanks for your review. I truly believe that it's through training and mentorship that individuals, like yourself, will continue to succeed. I'm happy you've found a path at FedBid and hope you ... More

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