Colgate-Palmolive Finance Manager Reviews | Glassdoor

Colgate-Palmolive Finance Manager Reviews

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Finance Manager

3.0
StarStarStarStarStar
Recommend to a friend
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Colgate-Palmolive Chairman, President, and CEO Ian M. Cook
Ian M. Cook
3 Ratings

Employee Reviews

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Pros
Cons
  • Work life balance too top heavy (in 31 reviews)

  • Centralized decision making process makes the system slow (in 21 reviews)

More Pros and Cons

  1. Helpful (9)

    "Decent company (updated)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Manager in New York, NY
    Current Employee - Finance Manager in New York, NY
    Doesn't Recommend

    I have been working at Colgate-Palmolive full-time (More than 8 years)

    Pros

    Solid performing company. Few large companies have the financial performance of this company, over short- and long-term. Focused - does not stray into extraneous areas without deliberation or make trendy moves. Somewhat dependent on department, but generally decent atmosphere to work in, with some modern-day trends coming into existence recently (work-from-home, etc.). People are proud to work for the company and many stay a long time. Makes products that make peoples lives better.

    Cons

    Salaries are probably a bit below-average. Other non-salary benefits (e.g. hours, 401(k) match) offset this somewhat although the company is gradually downgrading the non salary/S&I perks.
    The company is very old-fashioned, and, presumably like at most companies, double-standards exist. Recently stopped forcing men to wear suits (finally caught on that it's 2016) but men wear business dress while women wear whatever they want (tank tops and flip flops in summer). Atmosphere is stressful and cold - people often do not even say hello to each other in the halls. Cynicism and sourness abound. This has only gotten much more pronounced over the last couple years with the attempt to cost-cut their way to profits and shuttle jobs oversees. Most Finance people are overworked (although it never gets to "sweat-shop"-type hours) and that probably adds to stress, and there is very little collegiality and career development anymore - no one has time for it! Cost-cutting also left those who didn't get cut feeling like they had to validate their existence with "work analyses" done by high-powered consultants. There also is a veil of secrecy and guardedness from both HR and upper management.
    Cost cutting even means some departments have moved floors twice in the last two years as they decrease the amount of space they lease, and many people have lost offices and even VPs have had their offices downgraded. All this cost-cutting frittering away at the edges (and morale) when they could just move from Park Avenue (we're not in the age of Mad Men anymore) to the existing facility in Parsippany and save dollars worth talking about.
    HR is not very good on the whole and neither is IT. It's almost impossible to know where to turn with an HR question. IT service is horrendous. This has only gotten worse with the move to a Mexican shared service center.
    Management skills are poor and managers are not trained to lead. Most annoying thing at the company is they pat themselves on the back so much with cliches and jargon about Managing with Respect and Colgate Values and then they cut people and let unskilled managers still exist.
    The company does a terrible job at training managers to manage. There are managers who are not very good at managing and have made poor hiring decisions and generally seek no input from their subordinates. They are not recognizing the talent right in front of them. Promotion is not good (because it costs money to promote people) and there are no staff in certain Finance departments, thus leaving managers doing staff/senior analyst level work.
    Premium is placed on ethnic diversity, even to the exclusion of attaining the most diverse (university-wise) talent.

    Advice to Management

    Isn't it obvious - if managers don't have time to manage their people (if they even have the skills in the first place) because they are too busy just staying afloat (doing their subject matter tasks) then isn't it blatantly obvious staffing is too thin?!
    See the rest of the cons and you will see other advice.


  2. "Finance Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Manager in São Paulo, São Paulo (Brazil)
    Former Employee - Finance Manager in São Paulo, São Paulo (Brazil)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Caring is the strongest benefit of working in this company. Also, the company offers salaries over the market.

    Cons

    Company does not have efficient system

    Advice to Management

    Communication

  3. "Strategic vision and Dynamic execution"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Planning Manager in São Paulo, São Paulo (Brazil)
    Current Employee - Financial Planning Manager in São Paulo, São Paulo (Brazil)
    Recommends
    Approves of CEO

    Pros

    Long term vision and strong portfolio of products.
    Innovative pipeline of products.
    Globalized business model.

    Cons

    Dynamic market place challenges planning horizon.
    Stong dependency in Oral Care products.
    Heavily dependant in global retailers.
    Mature markets

    Advice to Management

    Grow through acquisitions, ie Nivea


  4. "ok work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Manager
    Former Employee - Finance Manager
    Approves of CEO

    Pros

    enjoyed the work on the different brands and family based environment. proved interesting work covering many areas of the business.

    Cons

    hours were not great and too much focus on minimal details

    Advice to Management

    very consistent