Parsons Corporation

  www.parsons.com
  www.parsons.com
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Parsons Corporation Reviews

Updated September 11, 2014
Updated September 11, 2014
201 Reviews
3.1
201 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Parsons Corporation CEO Chuck Harrington
Chuck Harrington
91 Ratings

Review Highlights

Pros
  • Majority of co-workers are team players and great people to be around everyday (in 9 reviews)

  • ESOP-Employee Stock Ownership Plan (in 5 reviews)


Cons
  • Constant focus by upper management of improving the company share price detracts from core values (in 16 reviews)

  • The senior management will turn a blind eye towards managers who indulge in unethical behavior but generate profit (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Very Satisfying

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

    I have been working at Parsons Corporation

    Pros

    Being able to work with some of the most talented people in the world.

    Cons

    Haven't had any negative experiences.

    Advice to ManagementAdvice

    Keep hiring the best and brightest out there.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    It was a wonderful experience ... and then management changed.

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

    I worked at Parsons Corporation full-time for more than 3 years

    Pros

    It use to be dynamic, problem-solving focused with a wonderful professional staff who went out of their way to contribute if asked appropriately.

    Cons

    That said, like all very large organizations, it is very silo-ed. We had clients who could have had needs additionally or better served by other pockets within the organization. Cross-cutting out one's "box" to another was problematic. It was also a very male-dominated ACOE organization with less recognition and opportunity than might have been desired by women and a tendency to assume a "we do it all" attitude.

    Advice to ManagementAdvice

    Listen to your field staff! They have their hands on the pulse of the clients, have relationships outside of Parsons that provide opportunity, competitive intelligence and can inform a stronger sense of "place in the marketplace." Open those communication channels -- and REALLY open them where there is no negative consequence for proactive recommendation, necessary corrections etc. It's impossible to be always right at the top, so learn to listen to the folks on the streets and in the trenches. They are your best intelligence and marketing resources.

    Neutral Outlook
    No opinion of CEO
  3.  

    Disappointing stock performance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Engineer  in  Pasadena, CA
    Former Employee - Engineer in Pasadena, CA

    I worked at Parsons Corporation full-time for more than 10 years

    Pros

    Good pay, benefits, co-workers. Sometimes you get good and interesting projects. Big company allows you access to people who are knowledgeable in various fields.

    Cons

    I haven't worked at Parsons in a long time, so I can't comment on current conditions, but I wanted to share historical stock prices. Parsons stock price is announced once a year

    Advice to ManagementAdvice

    1989 $14.78
    1990 18.95
    1991 21
    1992 24.75
    1993 23
    1994 20
    1995 ?
    1996 21.5
    1997 17.5
    1998 16.5
    1999 18.5
    2000 20
    2001 23
    2002 27
    2003 27
    2004 31
    2005 35
    2006 42
    2007 48
    2008 59
    2009 52
    2010 60
    2011 69
    2012 ?
    2013 61
    2014 62

    Between 1989 and 2014, stock went up by a factor of 4.19. S&P500 index went from 297.4 (1/3/89) to 1789.59 (1/2/14) - a factor of 5.99

    That works out to a compound annual growth rate of 5.9% for Parsons and 7.4% for the S&P 500. (This isn't exactly apple and oranges because most S&P500 stocks pay divideds and Parsons no longer does).

    Comparing to Fluor, a direct competitor that is a public stock. At start of 2001, Fluor stock was $13.78/share. At start of 2014, it was $75.33. This is a multiple of 5.47, and a compound annual growth rate of 14.0%. During the same period Parsons went up by a factor of 2.30, for a growth rate of 6.6%.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Project - experience not great - rating is base don specific project, not company as a whole

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Contracts  in  Washington, DC
    Former Employee - Contracts in Washington, DC

    I worked at Parsons Corporation full-time for less than a year

    Pros

    Learned more about construction procurement

    Cons

    Benefits not great. Project environment not good. Culture confused with so many from outside the US. Management of people on project bad. Training bad.

    Advice to ManagementAdvice

    Take sight of those who help the project vs those who do not and make appropriate changes that will benefit the overall team.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    I have not been happy working for this company.

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

    I have been working at Parsons Corporation full-time for more than a year

    Pros

    They are generally supportive of their employees.

    Cons

    Management is confusing. They do not provide enjoyable work spaces. There is no sense of teamwork. Managers are rarely in the same office as their employees. People are left with little direction or support.

    Advice to ManagementAdvice

    Strong need to update corporate culture and create sense of teamwork.

    Doesn't Recommend
  7.  

    Pasadena Review

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

    I have been working at Parsons Corporation full-time

    Pros

    Great staff and interesting projects

    Cons

    Hectic schedules continued implementation of reorganization

    Advice to ManagementAdvice

    N/A

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Challenging but rewarding.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Engineer  in  Perth Amboy, NJ
    Current Employee - Associate Engineer in Perth Amboy, NJ

    I have been working at Parsons Corporation full-time for more than a year

    Pros

    9/80 schedule allows for every other friday off. Great coworkers, and young staff.

    Cons

    Tendency for managers to micromanage, complicated reimbursement system, not a steady workplace.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Excellent Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Construction Engineer/Specialist  in  Aiken, SC
    Current Employee - Associate Construction Engineer/Specialist in Aiken, SC

    I have been working at Parsons Corporation full-time for more than 5 years

    Pros

    Benefits, experience, decent pay, great benefits and 401k

    Cons

    Big Company, tough to move up in salary and job level

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    General

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

    I have been working at Parsons Corporation

    Pros

    Good people, smart employees, good tools, innovative company, great outreach by CEO

    Cons

    Bad upward mobility, little useful training except safety encouraged, performance does not help promotion or pay raise- years with company matter most on who is promoted

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11. 3 people found this helpful  

    Management flip/flop - mind games with staff.

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

    I have been working at Parsons Corporation full-time

    Pros

    JUST A PAYCHECK FOR MOSTLY ALL THE EMPLOYEES

    Cons

    1. No work/life balance or respect for the employees with children.
    2. No real direction from management due to the tensions between management.
    3. Disapproval of training so they set you up to fail even when you are asking for their help.
    4. Management will set colleagues against each other and make no acknowledgement of how they put the chaos out in the office atmosphere.
    5. Management totally disrespects and disregards their own integrity, code of conduct and values, but they will work with all these aspects when they are pigeonholing an employee.
    6. Mental Intimidation and bullying.
    7. Age Discrimination - They always want to hire the "YOUNGER" so as they say - pay them less, make them work more hours , but they never talk about if they have any real skills for the task at hand. So they praise the younger but they need an experienced person to train them.
    8. Manaegment really doesn't care about quality its all about quantity

    The list is way too long.

    Advice to ManagementAdvice

    Management needs to work on the list of cons and they get it right but I doubt.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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