I have been working at Plethora Businesses full-time (More than a year)
Some of the best reasons to work at Plethora are that it's a great work environment. Everyone works as a team. It is a family company and employees are treated like family. The benefits are very good, vacation time, paid holidays, paid sick time and 401K benefits. The CEO is awesome! Dora is like a Mom to employees and Michael Jeub is the best boss I've ever had!
The only thing missing is a medical package. Everything else is there.
Advice to Management
Just add a medical, dental, and optical package. All other working conditions are great!
I applied online. The process took 2 weeks. I interviewed at Plethora Businesses (Orange, CA) in February 2016.
Applied by sending a resume to the executive assistant. She followed up and scheduled a preliminary interview. It didn't really seem like they screened people very hard as I got invited for an interview almost immediately. Interviewed on the phone and was invited for an in person interview early the next week. The in-person interview consisted of speaking with the COO, a higher level manager and a VP all to whom I would be reporting. They talked up the positives of the position and gave examples of what were most likely the best case scenarios. After the in person interview I came back the next day to speak with the president and take some basic aptitude tests in Microsoft Word and Powerpoint. Both of these tests were mostly based on automatic formatting in the applications and customizing the 'ribbon' (the buttons across the top of the screen) which in my opinion is the least interesting thing that I've ever done in excel(it wasn't even in excel technically). I got in the 60-70% range, all of which was figured out on the fly because never in my wildest dreams did I expect a M & A company to emphasize auto-formatting functions in excel. I didn't do a single NPV or IRR function or any kind of financial modeling. On another note, the website they use for the test has a terrible user interface and if you click on the wrong spot on the page the question is automatically wrong.
After I discussed the test with the COO, the president of the company talked to me and officially offered me the position. The terms of the offer came later that evening in an e-mail and were underwhelming to say the least. Too much of the commission structure was circumstantial, and the guaranteed pay was 1/3 less than I make working at a golf course. So much of the upside is dependent on closing deals (of which you have very little part of). Three different people expressed interest in my relocation closer to the office yet they offer half of the guaranteed pay that would be necessary to make it happen. With a best case scenario of 6 months(but more likely 12) before a solid commission check arrives, their expectations were very unrealistic. It is likely that they want a fresh out of college finance major to commit to working there. They seem to be of the mindset that they can pay very little while the new employee learns and acquires the three licenses that the firm requires. With each license came a pay raise which, all-together, equated to decent pay raise, in addition to them paying for the licenses. While the licenses are attractive and the pay raise sounds nice, this raises the pay from a paltry amount to a meager amount
Reasons for Declining
They sent me the offer and the guaranteed pay was really weak. The potential upside was attractive but as a new employee it isn't very likely that I would have had much influence of deals closing and bonus pay would have been mostly out of my hands. So i sent a counter offer for a higher base pay and never heard from the company again.
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