Koch Industries Employee Reviews about "market based management"
71% would recommend to a friend
(23 total reviews)
Charles G. Koch and Dave Robertson
85% approve of CEO
Found 23 of over 2K reviews
Updated Nov 30, 2023
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
- "The people here are great and will help you succeed if you work hard and ask for help when needed." (in 84 reviews)
- "Senior leadership tells the team that they listen to Subject Matter Experts (SMEs) feedback but actions would dictate otherwise." (in 22 reviews)
- "Managers have all the power to determine your salary but manager doesn't know what work you are doing." (in 21 reviews)
Ratings by Demographics
This rating reflects the overall rating of Koch Industries and is not affected by filters.
Reviews about "market based management"
Return to all Reviews- 5.0Dec 14, 2015Anonymous EmployeeFormer Employee
Pros
Very smart people who promote great collaboration. Good compensation and lots of chances to move around between companies and positions.
Cons
They stress their management philosophy Market Based Management too much and it can take from valuable work time.
1 - 5.0Jan 31, 2017Training and Procedure LeaderCurrent Employee, more than 1 yearEnid, OK
Pros
-The company's guiding principles makes this company one of the most enjoyable places to work in. -People are friendly, respectful, and have the integrity to do the right thing. -Places the important things high on the priority list (safety, environmental rules/regulations, compliance of law) -You can potentially make more money than your boss (based on your value creation). I've seen it happen. -You can respectfully challenge any boss based on company opportunities and business ideas. (Don't expect anything though).
Cons
-Nothing is guaranteed (your job/salary/etc). (Can be good or bad) The company operates on 'Market Based Management' which things like tenure or seniority does not apply.
1
Koch Industries Response7yThank you for sharing your experience! I am glad to see you have seen Market Based Management in action and are enjoying the culture. The people and the basic principles of doing the right thing, treating others with respect and expecting employees to bring ideas and challenges to the table are among my favorite parts of being a Koch employee. You keep up the good work as well and thank you for being a part of our journey!! HR Manager Katie Schuckman
- 4.0Apr 24, 2019Anonymous EmployeeCurrent Employee, less than 1 year
Pros
Market Based Management Innovation is promoted and practiced employees are encouraged to challenge processes and procedures
Cons
Still has dress code no compressed workweek or 9/80 schedules
1 - 4.0Dec 8, 2020Business AnalystFormer Contractor
Pros
Koch has one of the strongest cultures I have ever worked in. Their entire guiding principles and policy is driven-through Market Based Management which is incredibly brilliant business-model for which is economics driven.
Cons
The biggest downslide to the MBM culture is often times you hear employees leveraging the culture-approved MBM vernacular, but there are gaps in the actual application of the concepts with many of the leaders.
- 4.0Dec 18, 2018Financial ControllerCurrent Employee, more than 10 yearsLuxembourg
Pros
strong processes and procedures in place Market Based management Good working environment
Cons
very U.S. centric decisions still very much centralized in the U.S.
1 - 3.0Jul 13, 2015Anonymous EmployeeFormer Employee, more than 5 yearsAtlanta, GA
Pros
Koch Industries Market Based Management makes so much sense because it's common market principles utilized within the company. Every department provides services and uses an internal chargeback methods that encourages efficiency, comparison against markets, and transparency.
Cons
Leadership at KBS specifically seems to be lost on how to appropriately implement MBM. Decision Rights are not pushed down to the appropriate levels. Management still leans towards an old-style command and control environment. If you want to go anywhere significant in Koch Industries, you need to be in Wichita. Everyone else is treated as less than priority.
5Koch Industries Response9yThank you for your feedback! You are right about Market Based Management and it truly being our competitive advantage in the market. The holistic approach of MBM has guided us through so much growth and change. It is something though, to your point, we have to nurture and apply to continue that success. We are dedicated to continual improvement in our learning and application, and we are learning every day. As far as you feeling less important being outside of Wichita, I can only say we must work to change that if that is a feeling from our employees. We are a global business with employees all around the world who should feel valued regardless of location. I manage a team remotely today and have not felt that disconnect, but realize how hard it can be in a mobile workforce to be face to face as often as we would like. We continue to evolve in this area and have some initiatives around increased collaboration and knowledge sharing as we head into the future. I am thankful that you took the time to share your thoughts so that I and others can reflect on it and continue to improve. Best of luck in your future endeavors! Katie Schuckman Talent Acquisition Manager
- 4.0Mar 8, 2021Vice PresidentCurrent Employee
Pros
Application of Market Based Management when applied consistently (not perfectly as it is a learning process) results in amazing results and experience
Cons
There is still a resistance to WFH and tendency to have an "old-school" work mentality often perceived as a result of the percent of white middle aged males leading.
1Koch Industries Response3yHello, this is Molly from the Talent Solutions team. I wanted to first say thank you for taking the time to leave us a review and share your feedback. Work flexibility, including the ability to work from home is a great reminder as we continue to identify ways to improve and grow our culture and opportunities for employees. Please know that I will be sharing this with the appropriate teams as feedback. Thank you again.
- 4.0Dec 20, 2016AccountantFormer Employee, more than 3 yearsWichita, KS
Pros
Good Culture - Market based management is a powerful tool for people who actually believe it
Cons
Pay needs to be more transparent and more competitive. It was hard to know what exactly everyone was making
Koch Industries Response7yThank you for taking the time to leave a review! We aren’t perfect, but as a company we are continually learning and are glad you saw the impact of our market based management culture at Koch. I am disappointed that you didn’t feel like you had a good understanding of our compensation philosophy. Our compensation philosophy is no secret and employees, as well as external parties can read in detail about our philosophy in Chapter 10 of Good Profit (Charles Koch’s book). As an organization, we have a pay for performance compensation philosophy that aims to pay individual employees competitively based on the value they create for the organization. Your feedback is appreciated and we continue to look for ways to better assimilate employees to our compensation philosophy in our onboarding program, through training, and continued conversations with their supervisor/leaders. -Justin Huschka, Talent Acquisition Manager
- 5.0Jun 7, 2021Senior Salesforce DeveloperCurrent Employee, less than 1 yearBengaluru
Pros
> Work life balance > Market based Management Principles have been imbibed by each and every employee which makes it a wonderful place to work. > Provides ample support to learn latest technologies and implement.
Cons
Not any as of now.
2Koch Industries Response3yThank you for taking the time to share your feedback and for all of the work over the past 2 years. I am happy to read you have found the culture and MBM Principles to be supportive in your career. Thank you for sharing!- Molly from Talent Solutions
- 5.0Apr 25, 2022Human ResourcesCurrent Employee, more than 10 yearsWichita, KS
Pros
Running the businesses using Market Based Management. Company takes an individualized approach in the form of responsibilities, pay, career development, etc. Team oriented approach and inclusive environment. Those aligned with guiding principles will fit and succeed.
Cons
No cons are coming to mind!
Koch Industries Response2yThank you for all your hard work at Koch and for taking the time to leave us a review. Wishing you many years of success with us. Kindly-Cali from Talent Solutions.
