Crane Co. Reviews | Glassdoor

Crane Co. Reviews

Updated May 16, 2017
9 reviews

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Crane Co. CEO Max H. Mitchell
Max H. Mitchell
3 Ratings

9 Employee Reviews

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Pros
  • Really great business system that drives improvement (in 4 reviews)

  • Good people working extremely hard to make a difference, meet exceedingly difficult goals (in 4 reviews)

Cons
  • lack of training, lack of time, no work life balance (in 5 reviews)

  • Management is disrespectful, stress level through the roof, no work/life balance, management is never satisfied (in 3 reviews)

More Pros and Cons

  1. Helpful (2)

    "It was ok"

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

    I worked at Crane Co. full-time

    Pros

    Most people were very nice.

    Cons

    Very difficult person to work with.


  2. Helpful (1)

    "Sales Manager"

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

    I have been working at Crane Co. full-time

    Pros

    Flexible schedule. Company Car corporate credit card (could also be Con cause of points)

    Cons

    Disconnected management that shows a lack of respect to the field teams. Decisions are not based on stated company values. Management does not trust employees.

    Advice to Management

    Wake up! When you tell people to do their jobs you get workers. When you trust them to do their job you get leaders.

  3. Helpful (4)

    "Restructuring, Repositioning ..... Crane Co's "growth" strategy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Finance Position in New York, NY
    Former Employee - Senior Finance Position in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Crane Co. full-time

    Pros

    Good people working extremely hard to make a difference, meet exceedingly difficult goals. Highly process driven culture, some good training programs. Bonus structure has improved over the years. Tend to hire from within.

    Cons

    Corporate team with little field experience, generally clueless to (nor do they actually care to understand) how their reporting requirements impact the business units. 200-300+ slide PowerPoint presentations are the norm with endless hours spent by the BU leadership team "perfecting" them.... These distractions leads to lack of growth to which the Corporate team responses with continual, year after year of restructuring to meet (or nearly meet) street expectations. By way of example, the excerpt below is from Crane's most recent SEC filing:

    "In 2015, we recorded pre-tax restructuring charges and related costs of $11 million, substantially all of which was related to the repositioning activities in our Fluid Handling and Aerospace & Electronics segments. In 2014, we recorded pre-tax restructuring charges and related costs of $33.0 million, of which $22.7 million was related to the repositioning activities in our Fluid Handling and Aerospace & Electronics segments and $10.3 million was related to the acquisition of MEI"

    Seems to never end..................

    The change in leadership at the top is another major issue at Crane. Eric Fast was well respected by Crane employees and showed great respect for all. He was tough but fair, listened didn't tell and you could always rely on his word. Unfortunately, this is not the case with the current CEO.

    Advice to Management

    Consider the attrition rate over the past several years (forced and un-forced); Cutting costs to grow is not a sound strategy - its time to change your thinking. Also, you should insist that before joining the Corporate team in Stamford that all employees spend time onboarding with 1 or 2 of the business units.


  4. Helpful (4)

    "Good learning experience - terrible culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Los Angeles, CA
    Former Employee - Senior Manager in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Crane Co. (More than a year)

    Pros

    Structured business system and good training resources. The employees are generally very friendly and have a lot of experience in their positions.

    Cons

    Terribly outdated and poorly organized facilities. Lack if capital investment. Lots of emphasis on kaizen events but they never show results. Cut-throat culture. Excessive time spent analyzing and presenting data.

    Advice to Management

    Create realistic goals. You have tons of problems that took decades to create - you're not going to fix them all this year. So pick a few big ones and allow your employees to focus for a change.


  5. Helpful (4)

    "Needs Leadership Change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Los Angeles, CA
    Former Employee - Manager in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good industry recognition for some products; routinely hire graduates

    Cons

    Business Systems (Kaizens, KPI's,, etc.) are not used effectively and implementation of improvements falls short due to overworked employees, lack of investment in equipment, automation, technology and training; information communicated up does not reflect reality. Highly matrixed organization with high rate of turnover in C-suite level management has very negative impact on strategy development. Top heavy management structure combined with high turn over does not allow for long term growth strategies, empowerment of mid management, focused improvements or stability in the organization. Company highlights technology and the Crane Business Systems as a consistent and positive focus across the companies however Excel and PowerPoint seem to be the technology of choice with most companies running with systems that are 20-30 years past their prime. Short sighted approach to long term growth. This is a company that serves the Shareholders to a fault. Out of touch with the markets served, trailing far behind competitors in many businesses, no readily apparent plans to be a more competitive employer.

    Advice to Management

    Rethink the organizational structure. Commit to investing in growth through a strong focus on strategy and investment in employees, empowerment, real technology and capital equipment.


  6. Helpful (5)

    "Finance Manager"

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

    I worked at Crane Co. full-time

    Pros

    Highly educated, accomplished colleagues who took pride in their work. Room for advancement. Encouraged to push myself to reach goals.

    Cons

    Senior management at corporate was totally out of touch with rest of company. Practiced Lean Six Sigma to a fault, resulting in overworked, underpaid employees and non-existent work/life balance.

    Advice to Management

    Make work/life balance a priority for all employees.


  7. Helpful (6)

    "Awful Managers to Work For Business Model that is unYeilding"

    StarStarStarStarStar
    • 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 Crane Co. full-time (More than 5 years)

    Pros

    Co-workers were very good and tried their best in a very limiting environment

    Cons

    Managers condenscending, unprofessional, and don't want to get involved. No pay increases for exceptional work because managers take all the credit. The company values are somemthing to live by..not used as a facade to keep shortcomings prevalent and a matter of SOP. Turnover is extremely high and they wonder why! Crane doesn't listen to their customers and find decreasing market share...slowly but surely Crane will become a non-factor in several business segments.

    Advice to Management

    Listen to employees. Business model should be malleable and change with the opportunities. Too much bickering, back-stabbing by all managers is a loss of energy, motivation, and enthusiasm. Crane is tired, past it's time, and lots of double talking by managers and no follow-up.

  8. Helpful (2)

    "Disconnect in ideology and actuality"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Strong compensation package. Willingness to invest in the business and business improvment. Intelligent workforce and management. Well documented policies. Global opportunities.

    Cons

    Below average relocation policy. Rigid view of career progression. Limited training and development support. Little to no personal connection between the organization and employees (at all levels). No real company culture, more a combination of many organizations under one umbrella. Limited ability to move between companies.


  9. Helpful (3)

    "Great employees...Poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good salary and benefits, Great co-workers who are always ready and willing to help one another. Great products.

    Cons

    Still an "Old Boys Club" even though management tries to deny it. Management can be disrespectful and lack management skills. No Work/Life balance. No chance of advancement. Stressful, authoritative structure. Too many managers not enough workers. Most employees are dissatisfied and waiting for the opportunity to leave when the economy improves.

    Advice to Management

    Listen to employees. Set realistic goals. Show some respect.


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