Kraft Heinz Company Finance Manager Reviews | Glassdoor

Kraft Heinz Company Finance Manager Reviews

Updated August 17, 2017
25 reviews

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Finance Manager

2.5
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Bernardo Hees
5 Ratings

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Pros
Cons
  • Hard work life balance during high travel (in 198 reviews)

  • no work/life balance due to lack of definition of tasks (in 54 reviews)

More Pros and Cons

  1. "You get out what you put in"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Manager in Chicago, IL
    Current Employee - Finance Manager in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Kraft Heinz Company full-time (More than a year)

    Pros

    Fast carer growth for those who are willing to put in the hours and learn fast

    Cons

    Aggressive targets in a declining industry might hurt everyone's bonuses


  2. Helpful (31)

    "Great bonus in good years, but total organizational chaos"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Finance Manager in Chicago, IL
    Current Employee - Senior Finance Manager in Chicago, IL
    Doesn't Recommend
    Disapproves of CEO

    I have been working at Kraft Heinz Company full-time

    Pros

    Great bonus in years when you hit your targets

    Cons

    i estimate 80% of the pre-merger HQ employees have either quit or been fired, so a lot of knowledge lost and many things are in a state of chaos. Also, they constantly talk about meritocracy, but the majority of all senior positions are filled by Brazilian men and many middle management jobs filled by people with little experience. Seems like it's more of promotion based on perceived potential than past merit.

    Advice to Management

    Diversity your upper and middle management ranks - need more women and non-Brazilians.

  3. Helpful (13)

    "It was great until the merger with Heinz"

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

    I have been working at Kraft Heinz Company full-time (More than 8 years)

    Pros

    You are able to get promoted quickly with big titles due to high turnover , downtown location in Chicago, Illinois

    Cons

    More work with less resources, all the experienced employees were let go, unnecessary chaos that causes high turnover, no development

    Advice to Management

    Properly staff teams and take time to develop your employees. Also make sure to respect employees.


  4. Helpful (4)

    "Opportunity for advancement...but at a cost"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Finance Manager
    Former Employee - Finance Manager

    I worked at Kraft Heinz Company full-time (Less than a year)

    Pros

    I worked there during the merger of Kraft and Heinz. Both the old and new companies have their pros, but I will concentrate on the one left standing (Kraft Heinz). They strive to be 100% merit based in their promotions etc., which can be good if you work hard. Also, they are very transparent in their performance evaluations.

    Cons

    I was not there for long, but I expect it to be a very competitive atmosphere (not necessarily bad) with limited work-life balance. Much of your compensation may be variable based on performance.


  5. Helpful (8)

    "Undergoing major culture change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Manager in Northfield, IL
    Former Employee - Finance Manager in Northfield, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Kraft Heinz Company full-time (More than 8 years)

    Pros

    Opportunity to work on iconic brands and rotate into different functions

    Cons

    Poor work/life balance, don't respect experience, was better prior to merger with Heinz

    Advice to Management

    Treat employees with more respect


  6. Helpful (3)

    "New private equity owners so beware"

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

    I have been working at Kraft Heinz Company full-time (More than 10 years)

    Pros

    Kraft has a great portfolio of brands. Also opportunities for rapid advancement if you are okay working 60-80 hrs per week on a regular basis.

    Cons

    Recently taken over by a private equity firm (3G) and they only care about cutting costs. They save money by laying off a lot of the staff and hiring very young/inexperienced managers and directors to do all of the work. They expect workers to work 12+ hrs a day on a regular basis, so basically they are looking for people with no families and no life.

    Advice to Management

    All of the young directors that you are hiring are going to have a difficult time leading the company through a crisis. No leadership skills whatsoever.


  7. "Good company with solid product brands"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Manager in Northfield, IL
    Former Employee - Finance Manager in Northfield, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Large multinational corporation with opportunity for movement

    Cons

    Large multinational corporation, may be too large

  8. Helpful (14)

    "A great company destroyed...God help those who remain"

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

    I have been working at Kraft Heinz Company full-time (More than 10 years)

    Pros

    Nothing positive to say anymore. Kraft was formerly a great company, Kraft Heinz is not. John Cahill, Warren Buffet and 3G has truly ruined a fantastic company.

    Cons

    Kraft Foods (Not Kraft Heinz) was a great company pre merger. Employees were valued, respected and treated fairly. Compensation was competitive, benefits were top tier and employee perks were abundant. Formerly promoted a great culture where employees were treated as assets as opposed to numbers/liabilities.

    More than 700 employees were just laid off. They were given 3-4 hours to exit the building, no time to say goodbye, transition work or comprehend what was happening to them. I have never seen a more disrespectful display. They laid off folks who were valuable 100% because they were too expensive. This was a wreckless display with no regard for what is best for the company. For those of us remaining, they expect 14 hour work days (weekends included) just so we can pick up the pieces this train wreck is leaving behind. Leadership is a joke, the 3G business model is a joke. They focus on the short term, sales will decline but the bottom line will grow as they continue to cut costs. Why they don't understand the value of an experienced employee is beyond me. They are putting college grads with no real work experience in leadership positions. They will crash and burn as this company is much more complex than they think. These people expect their employees to be robots, if you want to work your life away, come to Kraft Heinz. If you have a family you care about and want to spend time with, this place is NOT for you. God help us all, this is a nightmare.

    Advice to Management

    Pay attention, if you want to truly grow in a healthy way (not just due to cost cutting either) make sure you respect and value your employees. Creating a horrible work environment will not motivate GOOD people. You are and will continue to lose the remaining good people you need until you promote a culture that motivates and respects people. You are destroying your chances of success by destroying people's morale. I have not heard a positive comment from a single employee since this nonsense began. My advice is PAY ATTENTION!!!


  9. "Finance Manager"

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

    Pros

    Career Opportunities
    Life/Work Balance
    Communities Involvement

    Cons

    Like any big organization, not flexible or efficient to make changes, politics etc.
    The worst of all, the New CEO is selling the legendary CPG company to be ruined by speculators from overseas.

    Advice to Management

    It's too late for Kraft but do not go around ruining another great American company.


  10. "Like any large companies, Kraft has good and bad points."

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

    I have been working at Kraft Heinz Company full-time

    Pros

    Great salary and benefits
    Push for more work - life

    Cons

    People in Corporate are judged to be "high-potential" and in general, I agree with the concept behind this. However, many Kraft managers have become too focused on this and so anyone that is not tagged as "hi-po" is not supported as much as someone who's "hi-po".

    Advice to Management

    Management needs to treat all employees equally - hi-po or not.