TFC

  www.textronfinancial.com
  www.textronfinancial.com

TFC Reviews

17 Reviews
3.4
17 Reviews
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Warren R. Lyons
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Employee Reviews

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  1.  

    Solid leadership and opportunities

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

    I worked at TFC full-time

    Pros

    Leaders do a good job communicating goals, challenges and other important information. Many opportunities to be challenged and step up in responsibility.

    Cons

    Sometimes bureacracy can get in the way, and what should be easy becomes complex. Mediocre performance can get lost in the shuffle and allowed to persist.

  2.  

    Very rewarding experience. A lot of career growth, i.e., started out as a developer and ended up in senior management.

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

    I worked at TFC full-time

    Pros

    Very talented team of professionals, who are dedicated to providing world-class customer service. Strong management team, with diverse backgrounds.

    Cons

    Since 2008 downturn, company portfolio has been reduced by 80%. Although this was the intention, it resulted in a significant reduction in staff. The team is now focused on providing Captive financing only, i.e., only Textron products. Nationwide operations reduced to located in Wichita, KS with only sales offices being world-wide.

  3.  

    Great company going out of business

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

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

    Pros

    Very nice people, good pay, good benefits, company treated people very well

    Cons

    Non-captive part of company is going out of business.

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  5.  

    Great while they were in business.

    Former Employee - Anonymous Employee in Alpharetta, GA
    Former Employee - Anonymous Employee in Alpharetta, GA

    I worked at TFC full-time (more than 10 years)

    Pros

    None- company in final stages of liquidation.

    Cons

    Grim environment due to corporate liquidation.

    Advice to ManagementAdvice

    Treat your remaining employees like human beings and not sides of beef.

    Doesn't Recommend
    Negative Outlook
  6.  

    Good Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Account Manager in Minneapolis, MN
    Former Employee - Account Manager in Minneapolis, MN

    I worked at TFC

    Pros

    Learning opportunities are outstanding, high potential employees have sufficient opportunities to advance but may require relocation, wonderful opportunities for Six Sigma

    Cons

    there is a lack of communication between management and employees. advancement is entirely employee driven. The company is shrinking due to the liquidation of its non-capitve business

    Advice to ManagementAdvice

    Keep your employees informed and allow your middle mangers to actually direct the employees the manage.

    Recommends
    No opinion of CEO
  7.  

    A Manager makes or breaks the experience

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

    I worked at TFC

    Pros

    TFC had a great bonus program.

    Cons

    Terminally effected by the recession

    Advice to ManagementAdvice

    Be sure that managers are treating employees fairly, humanely and with respect. TFC lost this good employee because of manager betrayal and other unprofessional conduct.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Good place work, until they shut us down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President of Sales
    Former Employee - Vice President of Sales

    I worked at TFC

    Pros

    Good pay and benefits, left alone by mgmt. Good support from management.

    Cons

    Shut down commercial finance division, liquidating portfolio. Communication from management could be better.

    Advice to ManagementAdvice

    Don't make political decisions on who to retain. Should have tried to ride out the storm.

    Recommends
  9.  

    Unrealized potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Developer
    Former Employee - Developer

    I worked at TFC

    Pros

    If you work at TFC you will be exposed to new technologies on a regular basis. You will also have a relatively great deal of responsibility in short order because it is a lean shop.

    Cons

    Management lost its technical chops long ago and now rewards only the employees with good soft skills such as writing specs, project management, etc. , not the technical innovators. It is a vicious cycle because rising management just doesn't 'get' technology.

    Advice to ManagementAdvice

    A technology based company has to invest in technical innovation and innovators by planning for it, rewarding it, and providing an upward path for technically adept employees.

    Doesn't Recommend
  10.  

    Great company, fantastic people, but Providence-centric organization does not see benefit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Marketing Manager in Portland, OR
    Former Employee - Marketing Manager in Portland, OR

    I worked at TFC

    Pros

    Textron Financial's group-level and division-level management remain accessible and aligned with the interests of their employees. Management below the senior level is attune to the market, their employees and extremely well-qualified.

    Cons

    Textron Financial's senior-level management in Providence have not done very well at navigating the current financial environment, and in particular have failed in their duty of convincing Textron Inc. of the future and purpose of having a diversified financial services company as part of an industrial conglomerate. It's unfortunate to see such a solid company with strong division and group presidents be essentially eliminated because of a limited number of bad loans and overreaction on the part of TFC's parent company.

    Advice to ManagementAdvice

    Increase the pace of decision-making. Decentralize the credit decision process so that people who understand the products make the decisions, and generally give the divisions and groups more autonomy.

    Disapproves of CEO
  11.  

    Stable finance company (unlike many Wall Street firms at this time).

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

    I have been working at TFC

    Pros

    Work/Life Balance
    Stability
    Availability of High Quality Training

    Cons

    Lower than industry average pay and incentive compensation.
    Fewer opportunities for career growth than at similar companies.
    Very Bureaucratic.

    Advice to ManagementAdvice

    Continue striving for Premier status and hopefully the downsides mentioned above will be addressed.

    No opinion of CEO

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