Penson Worldwide - Well intentioned, but communication and lack of strategy are sorely missing | Glassdoor
There are newer employer reviews for Penson Worldwide
There are newer employer reviews for Penson Worldwide

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"Well intentioned, but communication and lack of strategy are sorely missing"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee
No opinion of CEO

Pros

The people, including management. Penson does a good job of hiring people that share the core values of the firm.

Cons

Lack of clear corporate goals, or a strategy to achieve them. This can, and has, led to much confusion about company priorities, and what you should be working on at any given time.

Advice to Management

Pick a couple of clear, defined 1/3/5 year goals, create a plan for how to get there (hopefully after soliciting feedback from employees), and COMMUNICATE, COMMUNICATE, COMMUNICATE it. Measure and report on progress often. Employees need to feel a sense of progress and accomplishment, and that is not happening today.

Other Employee Reviews for Penson Worldwide

  1. "Was a good company"

    StarStarStarStarStar
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Penson really cares about their people.

    Cons

    Not exempt from the challenges common to all.


  2. "Customer Service"

    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

    Pros

    Management talked a great deal about family and the company's humble beginnings in a church basement on banquet tables and folding chairs.

    Cons

    Poor management. Bot a piece of business they didn't understand and then decided not to support. Issued a new bond to finance the company at the precisely the worst time and couldn't service the debt. The combination cost them the entire company.

There are newer employer reviews for Penson Worldwide
There are newer employer reviews for Penson Worldwide

See Most Recent

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