Corporate Risk Holdings Reviews | Glassdoor

Corporate Risk Holdings Reviews

17 reviews

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1.9
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Corporate Risk Holdings CEO Sharon T. Rowlands
Sharon T. Rowlands
8 Ratings

17 Employee Reviews

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  1. Helpful (1)

    "Pretending to be a leader isn't the same thing as actual leadership."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Eden Prairie, MN
    Former Employee - Anonymous Employee in Eden Prairie, MN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Corporate Risk Holdings full-time

    Pros

    The lower the level, the better the people. I met many competent dedicated people, who were willing to work their rear ends off for management. It was a good staff. Initial pay was above market.

    Cons

    The higher up the management you went, the less capable the people were. There were many empty titles, where people in Director, VP, EVP or CEO roles were clearly in over their heads. Lots of rah-rah speeches and blowing sunshine, but you got a sense that not even they actually believed what they were saying
    Stalled merit increases and suspended 401k benefits didn't align with the good work people were doing on the front lines. Some good people were let go, while some questionable people were promoted beyond their skill or capabilities. Left many of us wondering who was making these decisions.

    Advice to Management

    Let go of the tight control of power, and let employees help dig you out of the mess you made.


  2. "Great company, until..."

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Falls Church, VA
    Former Employee - Anonymous Employee in Falls Church, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Corporate Risk Holdings full-time (More than 3 years)

    Pros

    Co-workers were often smart and fun, hours and vacation time were good.

    Cons

    Incompetent management put in place by PE owners, poor morale. And now they're bankrupt.


  3. Helpful (1)

    "Keep looking ahead, stay alert and pick up as many projects as you can"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Corporate Risk Holdings full-time (More than 3 years)

    Pros

    The people were actually really great given the boredom and pace of some of the work. The lines of responsibility blurred often, giving you the chance to take on more projects and gain experience, some more enticing than others. For someone young, trying to understand corporate structure, business and what it really means to be in the trenches, this is a great company to work for...if they're even hiring now.

    Cons

    The Private Equity firm, Providence Equity Partners, that owned us couldn't make up their mind and forced our leadership, all more than competent business people, to flip flop back and forth on the direction of the portfolio. All of the low and mid level employees understood this and if the leadership had been allowed to lead, then the company could have reached its potential. Health plan's were okay and 401K matching (while there was one) was actually pretty good.

    Advice to Management

    The structure of the company became very unclear, and though it seems that altegrity is fading away, it would probably help people to better understand who is in charge and how this relates to the portfolio as a whole. Within the companies, please let the business leaders lead, not the practitioners, their time has passed.


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  5. Helpful (1)

    "Holding company with great brands and with a great future but only if they build on hard work already done"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in New York, NY
    Current Employee - Senior Vice President in New York, NY
    Recommends
    Approves of CEO

    I have been working at Corporate Risk Holdings full-time (More than 5 years)

    Pros

    Recent management cleaned up a myriad of problems including the mess at USIS, installed new leadership righted the ship and pointed it in the right direction. Great opportunity to build on that now...

    Cons

    Now that holding company has gone each individual company depends on its individual management which is varied. No one believes that the Private Equity guys have a clue what they are doing...the Altegrity management team that left were really highly regarded and put out the fires they need equally good people taking it forward..


  6. Helpful (8)

    "Ownership slowly strangling the company."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Corporate Risk Holdings full-time

    Pros

    Great collection of operating companies, many with leading market positions and great employees.

    Cons

    Providence Equity is sucking the life out of the company. Canceling 401k matches, deferring merit, freezing hiring, etc. Not really a great way to grow value. Corporate and board leadership are exceptionally weak, especially the team hired in the last year. The primary board member is an idiot savant. He's really an idiot but thinks he's a savant.

    Advice to Management

    Resign while there's still hope.


  7. Helpful (6)

    "Going nowhere fast"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Falls Church, VA
    Current Employee - Anonymous Employee in Falls Church, VA
    Doesn't Recommend
    Negative Outlook

    I have been working at Corporate Risk Holdings full-time (More than a year)

    Pros

    Fantastic paid time-off policy: you generally start at 3 weeks of vacation and work up to 5 weeks of vacation after 5 years PLUS 5 sick days.

    Cons

    "Merit" pay increases have nothing to do with your actual performance, but rather a standard "accross the board" percentage for everyone (even the poor performers get rewarded).
    Interested in advancement/promotion? Only those who have worked with the executives/VP's at previous companies get promotions and/or advancement opportunities. If you don't fit that criteria, but want to have any hope of advancement, become a senior VP's "yes" man/woman (preferably man).
    The benefits are poor (at best). Each year the quality of medical coverage decreases while the cost to employee increases.
    There is a lot of uncertainty about the company and its future among employees (mainly due to lack of communication of strategy/vision from senior management).
    Poor employee morale.


  8. "Good benefits, great team"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Corporate Risk Holdings (More than a year)

    Pros

    Good people. Great team.

    Cons

    Experienced people quitting in the past year taking domain knowledge with them.


  9. Helpful (5)

    "Like being in a horror movie waiting for the monsters to get you."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Corporate Risk Holdings full-time (More than 10 years)

    Pros

    Not living in a tent yet.

    Cons

    My Team Leader is a psychopath with sever mental health issues and this is who the company lets manage day to day operations. Doing the work of 3 people and still asked why you didn't do more???

    Advice to Management

    Give personality profile tests to the people you hire a Team Leaders because there are Bipolar people acting as Team Leaders. They have bluffed their way into management then we have gotten stuck with them and there's no way out. Like I said, it's like living in horror movie.


  10. Helpful (3)

    "Like riding aboard the Titanic"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Development
    Current Employee - Business Development
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Corporate Risk Holdings full-time (More than 5 years)

    Pros

    Some nice people to share in the misery and frustration.

    Cons

    Prevailing leadership views employees as cogs that are easily interchangeable. High-level managers and c-suite members are brought on because of their friendships with current management even though they have no relevant industry knowledge or experience. Despite this, some come up with good ideas, but no one commits to implementing them and they wouldn't have a clue how to do so if they could.

    Advice to Management

    Hire based on competence, experience & industry knowledge, and integrity like you used to in the past. Recognize and nurture talent. Commit to new idea and strategies and follow through on them -- it takes longer than one or two quarters to see results.


  11. Helpful (6)

    "Horrible place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Corporate Risk Holdings full-time

    Pros

    Good PTO
    Good 401k match (if they haven't put it on "hold" again)
    Met a few great people

    Cons

    Altegrity is owned by Private Equity and all they care about is the bottom line. You are just a body that can (and will) be replaced. People WILL be laid off if it means the executives can make some extra money because of it. Bonus program could be good if they actually paid out the bonuses. Cash is spent faster then it comes in with no thought of how this will affect the long term goals. Turnover in executive positions is constant (and each executive is paid handsomely to leave) then new executives are paid handsomely to join. Anyone who is not an executive or in the "good boys club" is treated horribly. The executives have the lowest morals in the human race. Large amounts of money are paid to consultants but never to actual employees. Raises are minimal. Lowest employee morale at any company I have worked at. Everyone is in constant fear of losing their job. Run!

    Advice to Management

    Stop paying so much money to yourselves, stop benefiting from firing your workforce to just rehire again. Treat people kindly!


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