Stantec - Professions are a now just another Wall Street commodity to leverage | Glassdoor
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Helpful (5)

"Professions are a now just another Wall Street commodity to leverage"

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

I worked at Stantec full-time

Pros

Some good people.
Pay check.
Potential work on large projects
Good 401K

Cons

Motto should be buy private firms, purge them, and increase amount of revenue that gets sent to a PO box in the middle of the country. As a regular employee you are become an asset that can be replaced or see your hours reduced on a whim often with little relation to your true value. Employee stress levels are through the roof at newly acquired firms and stay that way after Stantec takes over. Trust little company info coming from your managers because they are likely getting the same happy talk from their bosses. Work sharing is limited because of the insecure nature of the firm and profit center design. Management is more interested in growing and consolidating new acquisitions to maintain or increase the stock price than in project execution, employee development, or team building despite what the marketing spin says.

Advice to Management

When it is all about the next acquisition to increase market share and presence, and increasing gross revenues, the professions suffer a slow and inevitable death.

Other Employee Reviews for Stantec

  1. Helpful (9)

    "if your company is bought out by Stantec, immediately begin looking for a different job"

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

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

    Pros

    good 401k, it's worthwhile to participate in the employee stock purchasing

    Cons

    Everything changes as soon as your office is bought by Stantec. If you are in the USA, you are second rate to Canada. The stress rate is through the roof once acquired and it will never go down. The business model is only based on buying out offices for their assets and all support on winning new work is stripped from your office. This pins everyone against each other. Offices compete violently with each other in the same market, there is no organization to their "stanet" for communication or effective collaboration with other offices. Stantec also downgrades your internet speed to a level that makes it impossible to work remotely or with other offices. When our office was bought out, our billable rate nearly tripled and the clients we served were not thrilled to pay difference. This put us employees in a position where we were doing work and not documenting it so our numbers still looked right on the time sheets sent to Canada. Everyone is trapped- you either work double and only document 1/2 of your work to keep your workload and clients so you don't lose your job, or you are honest on your timesheet and you lose your clients for now being too expensive.

    This is all around bad news.

    Advice to Management

    pick one field and stay with it. This company should not be buying architecture firms. Their pay / fee schedule is not in line with the building industry.


  2. "The company has a good culture, good benefits and a large network"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at Stantec full-time

    Pros

    The company offers a benefit package that creates incentives for healthy living in the form of discounted insurance premiums. They also have great matching on the 401K and a discounted stock purchase program

    Cons

    Stantec is a large (12,000+ employee) company, so you will not feel like a big player. The corporation is located in Canada, so they are not eligible to work are big money DOD projects.

There are newer employer reviews for Stantec
There are newer employer reviews for Stantec

See Most Recent

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