FedBid - A fine place to start, just don't look to stay | Glassdoor
There are newer employer reviews for FedBid
There are newer employer reviews for FedBid

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Helpful (9)

"A fine place to start, just don't look to stay"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Account Manager in Vienna, VA
Current Employee - Account Manager in Vienna, VA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at FedBid full-time (More than a year)

Pros

-A good place to start out, especially for recent college grads
-A fairly young company overall, which means lots of opportunities to form a community, especially if you're coming from somewhere outside of DC
-Because most of the employees are new grads, upper management is fairly good about gently grooming good employee behavior, dress, professionalism, etc.
-High turnover rate means plenty of opportunities to move up within the company as far as Director

Cons

-Upper management, particularly those about a director level, turn over quickly, and typically have no idea how the company is run or what most of the positions do.
-Huge amount of nepotism, most upper management is somehow related to the CEO
-High rate of turn over means that company is constantly finding new directions and initiatives, throwing tons of money and resources at them, and then completely neglecting them three months later when the CEO and the newest upper management employee have a falling out
-Employees in general, and particularly interns are treated as a disposable commodity, easily hired, poorly trained and developed, easily fired and easily replaced
-CEO seems to take a similar easy come, easy go attitude toward investors, making for a less than optimal company outlook
-Pay is below market value for anyone up to middle management, however upper management will consistently make ostentatious remarks regarding their higher than market value salaries and lifestyles
-Employees are not given any stake in the work or chance of reward based in performance (the company says it offers performance bonuses for the sales team, but in the two+ years I worked here, I only saw 2 people ever get these bonuses, and even then they were payed less than promised. There is no such reward system in place for any other teams in the company)
-Huge culture of look like you're working harder with no rewards, and in some instances penalties, for working smarter

Advice to Management

- While there are several recommendations that one could make regarding improving the office culture and company, the current CEO has a long history of simply firing anyone who does not immediately fall in line with the current culture. As such, I don't see much hope of improvement as long as he and his family remain in charge of the company

Other Employee Reviews for FedBid

  1. Helpful (1)

    "Job was mediocre. Turnover was high."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Marketplace Intern in Vienna, VA
    Former Intern - Marketplace Intern in Vienna, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at FedBid as an intern (Less than a year)

    Pros

    As a young professional, there are many coworkers my age that can relate to me. The job description was not stressful or very difficult.

    Cons

    Salaries were not as high as some may like. Some of the work was redundant and was hard to see what purpose it served.


  2. Helpful (1)

    "Fun, young, dynamic and loaded with opportunity"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Management in Vienna, VA
    Current Employee - Account Management in Vienna, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FedBid full-time (More than a year)

    Pros

    Loaded with young employees, executive staff extremely supportive, many activities and extras provided. Great customer relationships. Learning experience extraordinaire!

    Cons

    Due to growth you have to move your desk a lot but that's the biggest problem.

There are newer employer reviews for FedBid
There are newer employer reviews for FedBid

See Most Recent

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