Pros – Flexible, opportunity to learn and experience online marketing with a strong and recognized brand. Depending on the role, decent work life balance. Good people over all.
Cons – Communication is weak, resources are extremely limited for IT projects. Compensation is definitely an issue. Mortgage business is very volatile in this market.
Advice to Senior Management – I think the biggest issue currently is the lack of communication for Sr. management to the organization on the true goals and directions of the company.
Pros – Lending Tree was an interesting enviornment to work. They are focused on company growth and efficiencies, at the expense of the team working there. On the fairness side, any level of employee or executive can be praised, promoted or let go dependant on the quarterly report.
Cons – Taking the call centers out of the equation, turnover is high with a strong reluctance to replace those that have left. Quarterly earnings reports usually meant some type of reduction in force. Communication is very poor due to, in my opinion, the internal politics that have business units in competition with each other for resources.
Advice to Senior Management – Open door policies mean you talk to someone if they come to you. Make an effort to go out to the employees at all levels and discuss the company, the goals and how you will measure those goals and how you will be accountable. Act on suggestions. Become a community leader.
Pros – For some, its a great location. In some specific instances, there are good opportunities to learn.
Cons – Questionable direction may ultimately lead the company into the tank and the Brand value is deteriorating, so its not exactly a resume boost as I believe it once was. Current and former execs seem to be the only ones that somehow seem able to capitalize on the past successes. Unless there is some great turnaround in focus and execution, the best days are behind it.
Advice to Senior Management – Real leadership has been absent from LendingTree for most of its history. Good performance in the past was largely a function of a crazy good market. Most of the execs throughout the past and present have been too interested in boosting their own bottom line instead of building a focused company with a strong foundation that truly provides value to customers on both sides of its business. Past leadership put too many obstacles in the way of real innovation. There was too much focus on short term revenue tweaks and not the customer. Now the founder is back at the helm and is playing the puppetmaster, The market wind is not at your back this time, but if you focus on the customer and provide real value, you can win despite the conditions.
Don't kill the brand that everyone knows you for by draining its resources to use for an ambiguous, unfocused, unrealistic plan of being the everything to everyone internet lead generator. I know you think you've got something Google is not offering, but in the everything/everyone category you've got a big set if you think you are going to best them (Google) at that.
Maybe I'll check in few years to see how that plan is working out for you. There are way too many players out there trying to exploit the SEO/SEM internet marketing game and not adding any real value. Please don't be just another one of the those as we have enough people/companies in this world that do nothing but transfer money around and produce nothing for it.
No, I would not recommend this company to a friend
Pros – Fantastic co-workers, friendly environment, good benefits, always something interesting to work on
Cons – Mixed levels of experience in management, too much work for too little people
Advice to Senior Management – Value your employees, look for new ways to recognize loyalty and performance.
Yes, I would recommend this company to a friend
Pros – The camaraderie among co-workers was among the best i've experienced in a workplace environment. Lending Tree the time, rewarded top performers with incentives. Opportunities were also available to take on additional responsibility to prove your leader ship ability.
Cons – A call center environment can be very constricting if you require flexibility in your workday. IE lunches and breaks.
Advice to Senior Management – Overall I found management to be supportive and easy to access. The one bad apple I did experience was dealt with swiftly by his manager. Continue to treat your employees with dignity and respect and you will always be successful
Pros – The best reasons to work for Lendingtree are: Good Benefits, Some Good People, Great Work Life balance (depends on your manager though, everyone has a different style of managment), and some knowledgable people that work there
Cons – Well, the downsides to working at LendingTree is the market. The maket kills any idea of working for a mortgage company because its still on a major decline. I can't really think of any real bad downsides, other than I had one manager that was incompetent. Other than that, its a good place to work.
Advice to Senior Management – From my experience, senior management did well communicating down to its employees.
Pros – I enjoyed working with a variety of people in a fast paced sales environment. Lending Tree also puts all new hires through a five week mortgage training program. For someone who knew very little about mortgages, the program was well organized and very informational.
Cons – Management at Lending Tree was overbearing and often unable to effectively and appropriately motivate employees. The work environment was uncomfortable, and it was often difficult to find motivation. Competition is always good, especially in a sales environment; however, the competitive nature at Lending Tree was more detrimental than positive in nature, effectively turning employees against each other.
Advice to Senior Management – Reform your people skills to be able to motivate a wide variety of employees.
No, I would not recommend this company to a friend
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Pros – Flexibility, great people to work with, and fun environment
Cons – The CEO, Doug Lebda, who was kicked out of IAC is an incompetent idiot and has unrealistic expectations of employees, the CEO micro-manages too much and does not pay attention to higher level issues which is part fo the reason the company is dfoing bad, the compentsation and benefits have gotten worse as everything seems to be taken away from employees with all of the financial issues, employees are not appreciated, there is a great fear of getting laid off, there are certain people that are the "favorites" and get everything when everyone else who does the work gets nothing
Advice to Senior Management – Need to get a new CEO, need to care about the employees, need to provide better rewards, need to care about what people are getting done and not just recognize the people that stay late at work, need to provide stability, and need to have better management of people.
Pros – Location. Talent of coworkers. Flexibile schedule.
Cons – Unrealistic expectation of senior management. They're wanting people to put in dot.com startup-type hours, but not giving any incentive to do so. There are plenty of local jobs, so you have to offer more than a regular paycheck to get more than regular effort. We see how much stock they (senior management) are getting, and how little (or none, in most cases) that we are getting.
The environment is loud. We have an "open office" so there is no way to focus. That may work for sales, but not so much for work that requires concentration.
Advice to Senior Management – Don't expect people to kill themselves to enrich you, unless you also plan to enrich them. It just won't happen.
Pros – resume builder, great brand image
Cons – difficult market where the only solution to bottom line seems to be staff downsizing. No rewards for increased responsibilities. Perception that only upper management is capable of making important decisions.
Advice to Senior Management – Share more responsibility and reward for responsibility