NewTek Reviews | Glassdoor

NewTek Reviews

Updated October 20, 2017
20 reviews

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3.2
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NewTek CEO Jim Plant
Jim Plant
8 Ratings

20 Employee Reviews

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  1. "Laborer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Laborer in North Platte, NE
    Former Employee - Laborer in North Platte, NE
    Recommends
    Positive Outlook

    I worked at NewTek full-time (More than 5 years)

    Pros

    owner is on site with open door policy, work involves a variety of tasks,

    Cons

    honest attempt is made to compete with larger manufacturers re: total compensation package, but size limits them somewhat

    Advice to Management

    you've done well in providing many benefits, but have not responded to some specific concerns that could be negotiated individually.


  2. Helpful (1)

    "Innovative technology but not leadership"

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

    I worked at NewTek full-time (More than 3 years)

    Pros

    NewTek has put much focus on building a corporate culture that includes families. Cutting edge technology. Good bonuses if you are in management.

    Cons

    Other than the president of the company, most upper level management is more concerned about themselves than building a successful company for all employees. New managers have all come from AVID and brought some of the negatives of AVID's culture to this company. For a new employee, it is difficult to grow and get promoted. You must come in as a manager or your pay will remain low. Little accountability for employees who don't do a very good job.

    Advice to Management

    Implement a plan that helps employees grow and progress in their careers. Hold management accountable for failure or underachievement.

  3. "Easy and relaxed if you don't pay too much attention to the politics and direction."

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

    I worked at NewTek full-time

    Pros

    - Semi-relaxed atmosphere.

    - Some good personalities.

    - Brilliant President.

    If you're not too concerned about the direction of the company or advancing in your career, it's a pretty laid back job.

    Cons

    - Plenty of behind the back politics and big egos.

    - Unqualified decision makers influencing upper-management and shutting down anything that will change their way of doing things.

    - Easy to be out of the loop most times.

    Advice to Management

    - Evaluate decision makers and compare against industry standard
    - Clarify direction and goals for each part of the company.


  4. "Working at NewTek, Inc"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at NewTek full-time

    Pros

    Great work environment, small company which is growing. After a year of service, you are part of the monthly bonuses they give to their employees. On paydays, thereally would be lunches provided for employees. Offered Holiday parties and summer parties for their employees.
    Great company, I enjoyed working here.

    Cons

    Unfortunately, upper management would not have any consequences for not following policies and procedures. And as leaders the employees would follow the same path as upper management and no consequences for employees as well.
    Due to being a one owner business, sometimes correct business practices were not followed.

    Advice to Management

    Upper management should have consequences for their and the employees they manage.
    The Co is growing, the business practices should be reconstructed to handle idea to grow and become an elite Co.


  5. "I've driven here for > 5 years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Inside Sales Manager in San Antonio, TX
    Current Employee - Inside Sales Manager in San Antonio, TX
    Recommends
    Positive Outlook

    I have been working at NewTek full-time (More than 5 years)

    Pros

    Great people, pretty relaxed atmosphere

    Cons

    Break down inter-department silos, unify databases


  6. "The next step!"

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

    I have been working at NewTek full-time (More than 8 years)

    Pros

    NewTek feels like a start-up, even after 20 plus years

    Cons

    Transparency between departments is sometimes a challenge

    Advice to Management

    To make the step to the next revenue level will require some changes in how management operates.


  7. "managers take all"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Creative Director in San Antonio, TX
    Former Employee - Creative Director in San Antonio, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at NewTek full-time (More than a year)

    Pros

    ultimate, utter, futuristic vision. amazing products. stellar hardware. quirky and odd personnel. Unique talents. convenient location. Payday parties, cool people, pizza, tacos, free hotdogs, free sodas, free beer sometimes.

    Cons

    dumb infrastructure. poor accounting system. poor support system. poor pay. poor benefits. poor upper management. Poor upper management communication. Poor middle management communication. Poor general communication. Poor company engagement. Poor company awareness. Poor personal employee tracking system. Poor pay. For all that don't know, there is a bonus structure. Managers get a nice cut. Everyone else gets a cut of profits. Managers get 2x the bonus, everyone else, 1x year of employment get a kick, but only if sales are met above 3.7mil. Otherwise, no, there's nothing. some employees have very poor hygiene.

    Advice to Management

    I was hired to make a difference, yet, feel like I can't. I was told I'd have limitless resources to make it happen, but that's not what happened. NewTek is not what I thought it would be. I gave up 17 years of experience for this.

  8. "What a great place."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Antonio, TX
    Current Employee - Anonymous Employee in San Antonio, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at NewTek full-time (More than 3 years)

    Pros

    This is by far the most unique environment I have ever worked in. Unique in a good way. Lot's of flexibility in scheduling, quality of life is a priority to this company. Very family oriented.Extremely generous leadership.

    Cons

    Negatives that do exist a pretty petty for the most part and pale in comparison to the advantages of working here..


  9. "Sr Software Engineer/Integrator"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The flexibility the company provides to all who work there.

    Cons

    Not really too many cons with newtek


  10. "Amazing Products, Huge Potential, Limited by Middle Managment"

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

    Pros

    As stated in the title, the products are amazing. This is a truly innovative software company that does want to change an industry. Company culture is very relaxed with emphasis on making a difference rather than corporate procedure. Has a customer base that is very fanatical about new products and what is coming next. Payday parties, open door policies to approach management, and culture are a pro for most employees. The time-off/vacation policies are a little weird in the way they are tracked, but generally you get what you have earned.

    Cons

    NewTek has very difficult problem in the middle management level. Communication is not relayed through this level very well so there are many projects where multiple people are working frantically for various aspects of the same project. The lack of accountability only makes this issue more severe as when roadblocks occur, finger pointing becomes the norm. It is possible to circumvent middle management and get to upper management for really important issues, and upper management generally responds. However, there are always political repercussions by doing so.
    Raises are non-existent. Initial salary negotiations are vital to compensation over the long term. The promise of profit-share is enticing in that there is a generous share of profitability for each months sales goal. However, this is also dependent on how much money is spent during that month as well. This basically means the bonus will never be that great since expenditures are always greater in higher revenue months.
    Morale is very dismal at the worker level. This is kept from upper management by the middle management in every department of the company. There are no traditional career advancement pathways. It is a company that is growing with potential, but no clear path of how to get there. As a result, it is hard for worker employees to know what is planned for the future except for make the monthly sales goal.

    Advice to Management

    Communication is very much needed in this company. Investment in employees by way of mentoring, advancement opportunities and performance reviews could really make NewTek explode in so many more ways than just having amazing products. Compensate good employees in a way that makes them feel appreciated and not over burdened.


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