Spectranetics

  www.spectranetics.com
  www.spectranetics.com

Spectranetics Reviews

Updated November 3, 2014
Updated November 3, 2014
23 Reviews
4.2
23 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Spectranetics CEO Scott Drake
Scott Drake
19 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Circus atmosphere, it's not what you have done for me lately, but do we like you!

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

    I have been working at Spectranetics full-time (more than 8 years)

    Pros

    Great people & great opportunities

    Cons

    Sr Leadership has their heads in the sand, every 6 months there is a shake-up, good people are let go and more people are brought in because the Board wants them there!

    Advice to ManagementAdvice

    Stop pretending to listen to your people!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    SPECTRANETICS IS A MICKEY MOUSE 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 Spectranetics full-time (more than 5 years)

    Pros

    Location
    People are generally nice to work with

    Cons

    Company wants to be GE but is now made up mostly of former Covidean employees.
    Company has a practice of firing employees very quickly
    Sr Management want everyone to be "A" players but won't take a look at the composition of their team - plenty of "c" players there.

    Advice to ManagementAdvice

    Be more condescending of employees. Adopting GE's practices of getting rid of the "bottom 10%" is just not what is required in our current growth mode. It is silly. World class companies treat their employees with respect and dignity. This practice of firing employees at a drop of a hat is counter-productive and

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  3.  

    Disappointed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Engineer in Colorado Springs, CO
    Current Employee - Senior Engineer in Colorado Springs, CO

    I have been working at Spectranetics

    Pros

    Located in Colorado Springs, CO

    Cons

    FDA and DOJ troubles
    Executives over compensated for a company which has not shown a profit for several years
    Product recalls are a quarterly event
    Laser technoloy is a small niche market segment, most likely has reached it's growth limit

    Advice to ManagementAdvice

    Think of ways to get employees more engaged and empowered.

    Doesn't Recommend
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Good things come to those who work 60+ hours

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

    I worked at Spectranetics full-time (more than 5 years)

    Pros

    Knowing that you helped saved lives in your own was nice, and there was a good sense of camaraderie in a project team.

    Cons

    There were many times where we were expected to come in early, stay late, work weekends, jump when marketing said they needed something for a customer, and go above and beyond with hardly any recognition for the hard work. It was just expected. If you did any less, you looked lazy or incompetent.

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

    First year great, second year terrible. Lots of politics and upper management jockeying for positions and power.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Former Employee - Anonymous Employee in Colorado Springs, CO

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

    Pros

    Nice people to work with. Beautiful location. A lot of dedicated and talented people.

    Cons

    Many directors lack experience and are poor managers. Favorites often get promoted instead of basing on qualifications and experience. Lots of turnover right now, with several new VPs coming onboard.

    Advice to ManagementAdvice

    Figure out what you what the company to be when it grows up.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    Good place to start a medical sales career

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

    I have been working at Spectranetics full-time (more than 3 years)

    Pros

    They pay employees well, the product line is unique which is beneficial to patients and hospitals, there is some opportunity for career growth for midlevel employees, offers a unique opportunity for those working in medical device to be in Colorado

    Cons

    Management team seems misguided in their efforts (self-focused), there is high turnover among employees which is a cause for concern for those looking for a long-term opportunity

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Pleasant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Support in Colorado Springs, CO
    Current Employee - IT Support in Colorado Springs, CO

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

    Pros

    Great potential in this industry

    Cons

    Company is very unorganized, resources in the wrong places

    Advice to ManagementAdvice

    Get organized don't be afraid to use the talent you have, trust the people under you, if you can't trust the people that you hired to do the job that speaks volumes about you as a manager

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Some suggestions and comments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Colorado Springs, CO
    Current Employee - Anonymous Employee in Colorado Springs, CO

    I have been working at Spectranetics

    Pros

    Fairly relax atmosphere
    Decent medical benefits
    The company definitely helps improve the quality of life of the people who use the excimer lasers.
    Many people today would not have a leg(s) (having them amputated) because of severe peripheral artery diseases or worse.

    Cons

    Management doesn't really understand how to motivate employees.
    Too many chiefs, not enough indians.
    The dental benefits could definitely be improved, same coverage as the 1980s
    The product works extremely well, it just has not been marketed appropriately or effectively to those who have used it.
    Many top level managers are just too inflexible. The primary reason for doing nearly anything is “that’s just the way it’s always been done.” I have heard many people within the company complain that we are just missing too many opportunities because of corporate arrogance. It almost seems the upper management is confusing rigidity for values. There is also an expected resistance when offering new ideas to the company.

    Advice to ManagementAdvice

    Seek out talent from within the company - Don't be so quick to hire outside people when you have plenty of talent right here

    Doesn't Recommend
    Disapproves of CEO
  10.  

    A good place to work when times are great.

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

    I worked at Spectranetics full-time (more than 5 years)

    Pros

    Strong Senior Leadership that has completely turned the culture around in a positive way. In addition, employees have an opportunity for career growth.

    Cons

    When sales are lagging, sales management tends to think short term and make deals with hospitals that hurt long-term business.

    Recommends
    Negative Outlook
    Approves of CEO
  11.  

    Not trained in 2 1/2 years in a new position that they hired me in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - R&D Tech in Colorado Springs, CO
    Current Employee - R&D Tech in Colorado Springs, CO

    I have been working at Spectranetics full-time (more than 5 years)

    Pros

    Outstanding people, great attitudes and I could feel that I was part of a team that I was making a difference. Good benefits,and have nothing bad to say about the company.

    Cons

    You go out of your way to help someone or project, and you get in trouble, and not qualified in the position they hired for. No training at all in your position, so you don't know if your doing a good job or not!

    Advice to ManagementAdvice

    Train, communicate, and work together to get the project done. Train and lift up the lower rank persons, and focus on all the overhead and people don't know what their doing.

    Recommends
    Positive Outlook
    Approves of CEO

Work at Spectranetics? Share Your Experiences

Spectranetics

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.