Employees Retirement System of Texas Reviews | Glassdoor

Employees Retirement System of Texas Reviews

Updated July 18, 2017
12 reviews

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3.8
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Porter Wilson
3 Ratings

12 Employee Reviews

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  1. "Positive Work-Life Balance"

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

    I have been working at Employees Retirement System of Texas full-time (Less than a year)

    Pros

    ERS offers some flexible scheduling options outside of 8-5, which is great to avoid traffic since the building is located downtown. In my department, the supervisor is respectful of my personal time outside of work. Since starting with the agency, my work-life balance has significantly improved. I really enjoy the work and the schedule.

    Cons

    Downtown Austin area is very congested. I decided to start commuting by bus to avoid the hassle of traffic altogether.

    Advice to Management

    Continue efforts to communicate with staff. I think it helps knowing what changes could occur during this legislative year and the overall growth of the agency.


  2. "Great benefits; little room for advancement"

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

    I have been working at Employees Retirement System of Texas full-time (More than 10 years)

    Pros

    Heavy workload on a variety of projects prevents boredom. Generally positive teamwork. There are many smart, dedicated employees who care about the work they do and the people they serve. Terrific place to work if you want to do challenging work and still have a family life, especially for investments and legal staff who are used to 60 hours a week in the private sector. Pay is not comparable but a pension is a huge benefit, and investments staff qualify for incentive compensation.

    Cons

    Just enough resources for basic operational priorities but no more. Takes years for tech projects to get done, after which they are immediately obsolete. Most resources go toward the Investments division, even though the agency also manages a $3 billion dollar health plan and many other programs. A flat organization means little room for advancement. Regarding hiring and promotions practices, there is a strong perception that buddies and brown nosing matter more than skills and experience.

    Advice to Management

    Too much focus on day-to-day emergencies means that opportunities to innovate or add value to programs are being missed. Invest in new ideas, and when new projects come on line, make sure resources are available to properly implement. Give managers and staff the breathing room to do outstanding work. Provide more opportunities for advancement for your best employees. It's okay to hire or promote people with political connections, but make sure they have the skills required for the job.

  3. "State Agency = Politics Rule"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Austin, TX
    Former Employee - Anonymous Employee in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Employees Retirement System of Texas full-time

    Pros

    Offer continuing education, flexible schedule, easy to use vacation time, lots of state holidays off. Only some divisions get pay equitable to the private sector.

    Cons

    Executive management is highly political and does not promote from within, rather they hire outside friends/former colleagues. Positions are made up and the hiring process is bypassed just to get these "connected" people in. Higher Education degrees are not valued.

    Advice to Management

    Look at the talent you have in-house and promote from within before bringing in external people without the in-depth knowledge of the agency.


  4. "Investment Analyst Intern"

    StarStarStarStarStar
    Former Employee - Investment Analyst Intern in Austin, TX
    Former Employee - Investment Analyst Intern in Austin, TX
    Recommends
    Approves of CEO

    I worked at Employees Retirement System of Texas (Less than a year)

    Pros

    People there are quite positive and willing to help.

    Cons

    Sometimes some people were not very focused on their work during work time.


  5. "Portfolio manager"

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

    I have been working at Employees Retirement System of Texas full-time (More than 10 years)

    Pros

    Work hours are 7-4, beats traffic and give good work life balance

    Cons

    Pay is less tha optimal

    Advice to Management

    Competition is Wall Street not main street


  6. "Good place to work, depending on your department"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Benefits Specialist in Austin, TX
    Former Employee - Benefits Specialist in Austin, TX
    Recommends

    I worked at Employees Retirement System of Texas full-time (More than 5 years)

    Pros

    This state agency is a great place to work, if you're in the right department. Management styles/abilities/expectations vary widely. There is room for advancement, generally.

    Cons

    Like most government jobs, pay is lower than private sector, but benefits make up for it in some ways.


  7. "Great Benefits incl a Pension!"

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

    I have been working at Employees Retirement System of Texas full-time

    Pros

    * Great mission
    * Diverse professional career options - legal, investments, benefit contracts
    * Pension!!!!

    Cons

    Lots of turnover in senior leadership

    Advice to Management

    *Strong communication from leadership is needed
    *Consult with all levels in the agency to promote engagement, innovation, and collaboration

  8. "Investments"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Employees Retirement System of Texas full-time (More than 3 years)

    Pros

    Great access to Wallstreet Research, tools such as Bloomberg, Factset...

    Cons

    Environment has become political


  9. "Very supportive group of ppl and talented as well."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equities Analyst in Austin, TX
    Current Employee - Equities Analyst in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Employees Retirement System of Texas (Less than a year)

    Pros

    Autonomy and chance to work with good people. Analyst/pm structure advantageous to learn as much as possible. Other places fall short in this regard.

    Cons

    Compensation could be better but it's state employment so not exactly the best apples to apples comparison versus the private sector.

    Advice to Management

    Great job!


  10. "Business Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Austin, TX
    Current Employee - Business Analyst in Austin, TX

    I have been working at Employees Retirement System of Texas (Less than a year)

    Pros

    Good exposure to different projects.

    Cons

    Not enough pay rate due to consultant status.


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