I have been working at SPX full-time (More than 5 years)
-Family-like environment. The people you work with are more friends than just co-workers. -Enjoyable workplace. For the most part, coworkers are enjoyable to work with. -Great company to work for right out of college. They offer opportunities for new grads through their Engineering Development Program -When the company is doing well, they are willing to invest in their employees through training and seminars. -Global company, and many opportunities for lateral movement (see cons). -Company entrusts employees. This helps minimize micromanaging. -Flexible work life. Hours aren't just 7-4, 8-5, etc every day. If you need to flex that time a little, management is usually understanding provided you have a valid reason. -Vacation time is alright. -Upper management very tangible. It's not abnormal to work with VPs and Directors on a regular basis (daily even). -President of each SPX company usually accessible and very personable. -Cross functional teams are strongly encouraged. Employees often have great ideas for improvement.
-Limited opportunity for advancement. Management positions are filled externally instead of promoting from within. Most movements are lateral. -Lack of capital investments. Very difficult and lengthy process to have capital investments approved, despite obvious ROI. -Main focus (financially) limited to the fiscal year. Numbers for each quarter dictate everything (investments, employment, etc), but there is no 3-5-10 year plan. -During restructuring, job duties double or triple. When an employee retires or resigns, job duties may double or triple, with no increase in pay or benefits. -Vacant positions take very long to replace. Company always tries to do more with less. -Company lacks discipline to recognize when an employee should be terminated. For the most part, the only time terminations happen is during a restructuring. Other terminations do happen, but it is rare. -HR is not popular in the company (much like any other company). -Benefits/pay are not comparable to other companies of same size. -Goals, directives, management not transparent enough. -Management does not always listen to their direct reports. Often, great ideas are brought to the table but are not considered due to financial constraints. The company is not willing to spend a sizable amount of money on a great idea.
Advice to Management
Correction: Advice to leadership. Focus on developing and LEADING your direct reports. Focus on more than just the fiscal year. Focus on the rumor mill... it's usually right. Stop penny pinching. Too much money is spent trying to save money. Look beyond the fiscal year. With the industries SPX is involved in, some projects take several years to fully realize savings, profits, etc. Deal with that and structure the business around that. Improve marketing outreach. Marketing departments seem to be their own silo. Get engineers involved, get customers involved, get new employees involved, etc. There are a plethora of great minds in the company. Pay more attention to what your direct reports recommend. This goes for team leads, managers, VPs, etc. Management doesn't always have the right answer. Stop holding direct reports back. Be accountable for requests and concerns voiced by your direct reports. Communicate to employees the "why" and "how". Decisions are dictated too much by a top-heavy upper management.
I applied through college or university. The process took 6+ months. I interviewed at SPX.
Lengthy, but not intimidating. Interviews typically with a wide range of managers and current employees. Gives a good idea of who you will be working with (or for). You will be placed with other candidates at times too to see who your competition is. Interview process very open.