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

See Most Recent

Helpful (9)

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

StarStarStarStarStar
  • 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 (10)

    "Good concept, bad leadership"

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

    I have been working at FedBid full-time (More than 3 years)

    Pros

    It has a talented, friendly staff at the junior levels - lots of recent grads

    A sandwich bar is provided, along with snacks, all year long; and, catered meals during August and September

    There are good volunteer opportunities to give back to the community

    Cons

    This company is marketed as a 'disruptive' tech/internet company, but it has a real 'bricks and mortar' mentality. It's more important to be seen at your desk, looking busy, than to be doing something that is really productive or innovative. The rule as articulated by my supervisor and others was to 'be in your seat and look like you're busy', at all times.

    It has a kiss up, kick down environent, driven by a fanatical and volatile CEO who fuels a fear-based culture and calls it 'creative tension'.

    The CEO leads by intimidation, sabotages company executives who attempt to move the company forward, drives out the company's most capable leaders, and replaces them with individuals and family members loyal to him.

    Advice to Management

    The CEO should decide if he is really going to take the company to IPO or another exit strategy, or if FedBid is going to remain a tightly controlled family business. The CEO should also be upfront with investors and employees about his intentions.

    Quit disparaging employees and company leaders who push for change, and moving the company forward. Walls are thin and employees hear everything.

    Quit using 'creative tension' as an excuse for a toxic leadership environment.


  2. Helpful (1)

    "Job was mediocre. Turnover was high."

    StarStarStarStarStar
    • 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.

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

See Most Recent

Work at FedBid? Share Your Experiences

FedBid
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or