Petroleum Traders Corporation

  www.petroleumtraders.com
  www.petroleumtraders.com
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Petroleum Traders Corporation Reviews

6 Reviews
2.7
6 Reviews
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Michael B. Himes
4 Ratings

Employee Reviews

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  1.  

    A Message from the Petroleum Traders CEO

    Current Employee - Chief Executive Officer  in  Fort Wayne, IN
    Current Employee - Chief Executive Officer in Fort Wayne, IN

    I have been working at Petroleum Traders Corporation full-time for more than 10 years

    Pros

    Petroleum Traders Corporation was founded in 1979. We are celebrating 35 years as a successful business.
    Beginning as a startup company and growing through organic growth, today we are a successful marketing company with 3 billion dollars a year in sales. There are over 6,000 fuel distributorships in America and we are listed within the top 12 of those distributorships.

    This is a demanding workplace and as such requires exceptional, professional employees. Petroleum Traders rewards long term, experienced staff through high end pay and benefit scales to include a performance bonus system. Years of service is recognized and rewarded in five year increments reaching $10,000 to those employees meeting 25 years of service. Additional perks include fuel cards, dining cards, and special events held outside of work. An internal corporate newsletter recognizes employees for outstanding work, special events, birthdays, anniversaries, and other company highlights.

    We currently employ 120 people and our employees who value and enjoy employment with us include:
                                    2 plus years 26
                                    5 plus years 27
                                    10 plus years 29
                                    25 plus years 6

    Feel free to call our human resources desk for references to the quality of our employment and investment in staff.

    CEO

    Cons

    The nature of our business, being hostage to derivatives trading, is relentless in its pressure on staff to respond quickly to a constantly changing work environment.
    This is a demanding workplace and as such requires exceptional, professional employees.

  2. 1 person found this helpful  

    Archaic and Sophomoric

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

    I worked at Petroleum Traders Corporation full-time

    Pros

    None that I have found

    Cons

    Incredibly difficult CEO who sees all things "my way or the highway." There is ZERO strategy or vision for the company and for any projects within. On one day, the CEO says X is the goal, the next day, Z is the goal. No continuity or clarity in ANYTHING.

    Advice to ManagementAdvice

    Advice to management: you can find a better employer.

    Doesn't Recommend
    Disapproves of CEO
  3. 2 people found this helpful  

    Same Ol Same Ol (I know its been said on other reviews, but must be true then)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Fort Wayne, IN
    Former Employee - Anonymous Employee in Fort Wayne, IN

    I worked at Petroleum Traders Corporation full-time for more than a year

    Pros

    Lots to learn, so you can learn a lot about the industry

    Cons

    Expectations are HIGHLY outrageous! Expect you to learn "everything" in a complicated industry in no time at all (less than 3 weeks)! President does constantly get on intercom and "scold" "Threaten" "(B) !tch" on a daily basis. TONS of favorites...if you are not in the "IN" crowd, you will be on an island. Micro management is HUGE! You MUST clock in and out for EVERY SINGLE STEP YOU TAKE, no matter if it is a 60 trip to your vehicle! You are allowed to take a pi $$ (at least when I was there, but that is probably clocked in/out now too). I guess depending on who you work with/for, any ideas that are yours, are basically no good, not interested in them..and you can only do it their way..(which is the only right way..according to them..him/her). I was stuck into a position that I didn't even apply for....and I found out after I left, 3 people were in and out of that position after approx a weeks time each....mainly because of management/trainer issues. They do exist. It all depends I guess mostly on where you get placed, or what you do. There are some okay departments/positions...but a good portion are HE"LL. Hence the HIGH turnover rate. (So it's not just me, or other people posting reviews). So to have a high turnover rate WHILE you have decent pay, doesnt bode well for the rest of the company.

    Advice to ManagementAdvice

    Install proper training methods. Allow adequate time for the trainee to develop and come to fruition. Get rid of the "favorites". the mentality at least. Don't hire someone, tell them they can do this or that, and then put them over there or here and expect them to excel instantly! Those expectations are assanign, and shows with your turnover ratio.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Most rewarding job I have ever had!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Fort Wayne, IN
    Current Employee - Anonymous Employee in Fort Wayne, IN

    I have been working at Petroleum Traders Corporation

    Pros

    I am very grateful to have found this position at Petroleum Traders. It is by far the most rewarding job I have ever upheld. In regards to one of the previous reviews about the "yelling", you cannot take it as "counterproductive" because it is definitely NOT meant to be that way. You need to go in with an open mind and learn from your mistakes and take management's feedback and then build on it. If you are a person who takes criticism as a negative, you do not belong at a successful company that strives to offer new challenges to their employees.

    Petroleum Traders does expect you to perform at a fast pace and catch on quick, but by expressing the right attitude going in, anyone within the company will be willing to answer any questions you may have. Petroleum Traders is filled with great people that are not afraid to share their knowledge with you and help out in ANY way they can.

    Cons

    Being that Petroleum Traders lives in a fast paced, fast learning environment it tends to become a little stressful at times, as does any position in a corporate environment. As long as you know how to handle the stress when given to you, you will be just fine. This is advice that can be taken ANYWHERE, not just Petroleum Traders.

    Recommends
    Approves of CEO
  6. 3 people found this helpful  

    A company that is behind the times and operates without a true sales leader.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - "Sink Or Swim" it really is the Motto  in  Fort Wayne, IN
    Former Employee - "Sink Or Swim" it really is the Motto in Fort Wayne, IN

    I worked at Petroleum Traders Corporation

    Pros

    Base pay is ok
    40 hour work week, no overtime is allowed!

    Cons

    All employees required to use a time clock. Sales trainers have no actual sales experience (all theory), required by management to hand down mandatory call scripts that are severely out-dated to marketing staff for a very canned sales approach. Highly Micromanaged! Minimal interaction with Operations Mgr or the assistant. President and Operations Manager held sales meetings threatening to replace current sales staff in front of newly hired staff on the job less than 2 weeks. Fear based leadership to the extreme. President and Operations Mgr gets on intercom system constantly during the workday threatening the sales staff to sell or else! Employed less than 60 days before mutually discharged by assistant operations manager, watched 3 other new employees get discharged due to not meeting minimum call times/load counts in few weeks before me. My last day with the company I witnessed the longest tenured salesman (20 yrs with company) quit. If you are a sales veteran (5+ years), this is not a good environment to work in. Quite unhealthy mentally and physically.

    Advice to ManagementAdvice

    Employ trainers that have real world sales experience. Stop firing marketing staff that have been on the job less than 60 days and are just starting to develop rapport with former customers/new prospects. When you give new sales staff 90 days before required load counts and call times are required, actually follow through with what you put down on paper. Provide marketing staff real leads, instead of old customers that stopped doing business with the company and expecting magic to bring them back. Complete overhaul of your sales management processes. The business model is completely disordered and creative destruction could swallow this company up among its competitors if it doesn't make these changes soon. There is a reason why you are constantly having to run employment ads in local newspapers and job search engines every few months.

    Doesn't Recommend
    Disapproves of CEO
  7. 3 people found this helpful  

    Sink or swim

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

    I have been working at Petroleum Traders Corporation

    Pros

    You will learn a lot and be required to produce right away or be let go. I learned more about business in 6 months here than I did in college.

    Cons

    There is a LOT of yelling that ends up simply being counterproductive and puts the employee on the defensive instead of making them receptive to management's feedback.

    Advice to ManagementAdvice

    Take a chill pill and be more consistent in your expectations of employees. Remember what you promise to give them.

    Doesn't Recommend
    No opinion of CEO

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