NewTek

  www.newtek.com
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NewTek Reviews

Updated May 6, 2014
All Employees Current Employees Only

2.8 6 reviews

40% Approve of the CEO

NewTek President & CEO Jim Plant

Jim Plant

(5 ratings)

33% of employees recommend this company to a friend
6 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great Company for Employees with Families

    Software Engineer (Current Employee) San Antonio, TX

    ProsNewTek cares about their employees and is always showing their appreciation for the work they do. They give great benefits to their employees and the workplace is relaxed. NewTek is family friendly and is always giving to the community. There aren't any long or stressful work weeks and the environment is welcoming.

    ConsThe synergy and efficiency in the work flow is low. There is an issue with communication and everyone is segregated on their own project. The company lacks diversity and isn't fitting for everyone.

    Advice to Senior ManagementTeams should have more communication and work together to bring up efficiency and synergy.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Disapproves of CEO

     

    Abysmal.

    Quality Control (Former Employee) San Antonio, TX

    ProsFun place, nice perks like payday parties every other friday. Great products that are based on very basic PC architecture (software is great) great cult following, strong support crew. The lower echelon of personnel are great, some immensely humble. Free soda, free hot dogs, free water, free coffee.

    ConsShoddy email system running on a late 90's protocol, terribly archaic time logging system for vacation and sick time, no personnel project time logging, no accountability tracking, communication is quite terrible. There's also little to no training, or educating new employees-no orientation of any kind. Almost immediately after beginning work, you are thrown in to work. Moving a step further to leadership, exceptionally poor leadership in almost every department. Starting from the top, the owner, possibly said about 2 words to me the entire 3 years I was there. It all trickles down from there. Other senior members basically do what they want. There is some accountability, but in the end it all comes down to sales. Sales are low, so marketing has to drive a promo to make sales. The core values of the company is money money money-sales sales sales. When in reality, the driving force and bloodline of the company are it's employees meeting demand. Some management has little to no experience in their 'said-expertise’. Salary is terrible. They sell you on a bonus. They sell you on a profit sharing bonus that is based on the profits of sales for every month.

    Advice to Senior ManagementIt's a very top-heavy company with more mangers and divisional VP's than there are employees. Several departments rely on very technical and professional talents and are mostly overpassed as 'geeks' not taken seriously and just scoffed at. It's that kind of disrespect and unprofessionalism that erodes this company. Upgrade the mid 90's tech that maintains the infrastructure of the company. Upgrade the email system, upgrade time tracking, hold employees accountable for the time spent on projects, create a non-billable time based system to show the time employees spend on projects, create training plans for employees to become acquainted better with the company. Create an environment where employees can be encouraged to move forward in the company, to be able to cross-train and become fluent with other departments within the company. Treat your employees with respect and dignity, ask them how they are, pay attention to them, communicate with them, nurture them. Give employees an incentive for working there, be charitable, give back to the community. Give employees a healthy option rather than soft drinks, hot dogs, encourage good health and good ethics. Hire skilled professional managers that have a proven track record of success, do extensive background checks on people before they are hired. Hire a real HR department that actually follows the rules and adheres to the laws of the state. Hire a CEO that actually lives in the city. Hire professional personnel that live in the city. Surely there are local eager talented professionals that would want to work there.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Disapproves of CEO

     

    where comedy and tragedy seem to live together in perfect harmony

    Employee Generalist (Current Employee) San Antonio, TX

    ProsOverall this company oozes with innovation and uniqueness. They have a game room, payday parties, and an open door policy for upper echelon management. It is not a stuffy, tight corporate atmosphere. A very relaxed and somewhat laid back atmosphere. Bring your dog to work, or your snake, or your kids, newtek magically takes care of your kids. On a professional level the company has a niche product for a niche crowd. The clientele knows what they want and NewTek knows how to serve it up right.

    ConsWay too many managers. Way too many micromanaging managers. The ultimate goal of the company is to generate sales, it seems. The true core value and vision of the company is money. Not that money is everything, it's just not the owner's real vision it seems. Upper management have serious communication issues. The real working class is the people who actually work. These are the people who don't get performance reviews, or raises. The only people who end up getting raises are people who get promoted. Raises are few and far between. Upper management are all men, not that it's a bad thing, but the lack of a woman having some superior decision-making ability at the mother ship, could be the problem. There is also little to no synergy between departments. There's often times when blaming and pointing fingers over email is commonplace. Finally the biggest blow for me is the many times I've asked for vacation time or paid time off and was denied over and over, even though it was time owed to me. Shame shame. Not so much a family-friendly workplace.

    Advice to Senior ManagementFire yourselves. If that's not a good choice then communicate better with your employees. Empower your employees to make better decisions. give them props. give them raises. give them a better incentive than a profit sharing check. Promise them hope and room for growth.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    Working at NewTek was interesting, exciting, and enriched my skills.

    Anonymous Employee (Former Employee) San Antonio, TX

    ProsOpportunity to participate in growth, travel, business development, media, and learn from driven professionals. This company fosters creativity, includes employees at all levels in meetings and encourages participation. It provides an environment that is conducive to productivity and still a fun place to work. Employees tend to be empowered and their accomplishments are recognized. They also have payday parties, offer bonuses, and employees are friendly.

    ConsIt is male dominated and lacks diversity. This is fairly common in this industry though. I'd like to see NewTek stand out and be the exception.

    Advice to Senior ManagementRecognize the value of diversity in the workplace; how it drives economic growth, can increase market share, foster innovation, and attract talent.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    High ups, low downs

    Anonymous Employee (Former Employee) San Antonio, TX

    ProsFairly flexible with vacation time, cool technology (when they plan for it properly), fun events, monthly "bonus", half of the executive staff is great, regular staff great to work with

    ConsNo or very rare raises (bonuses are considered the raise), low pay compared to other companies, the other half of the executive staff is not so great

    Advice to Senior ManagementCommunicate with your staff! If you are hands off until everything goes wrong that mistake is in your hands. You don't have to micro-manage but at least make sure the ship is going in the right direction.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

     

    great staff, so so upper management

    Anonymous Employee (Former Employee)

    Prosfun work, great people, interesting location

    Consodd location, lots of politics and passive agressive behaviour

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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