Profit Recovery Partners Reviews | Glassdoor

Profit Recovery Partners Reviews

Updated September 3, 2017
45 reviews

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3.6
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Donald Steiner
32 Ratings

45 Employee Reviews

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  1. "Excellent Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Costa Mesa, CA
    Former Employee - Anonymous Employee in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Profit Recovery Partners full-time (More than a year)

    Pros

    Profit Recovery Partners (PRP) sports an executive team that is acutely interested in nurturing a culture of understanding, growth, learning, and a "find a way" mentality. PRP continuously and actively seeks feedback from it's employees which as any manager or business owner knows, can be painful at times. Regardless, they take the bad with the good constantly looking to improve in every facet of the business. PRP always seeks to understand (a phrase commonly heard in the hallways). There are excellent opportunities for personal professional growth through training, outside coaching, and feedback. They definitely don't get everything right all the time, but no company does. What is commendable is their effort and constant striving for improvement. Most companies don't try this hard to keep employees happy and engaged as well as challenged for their career growth which often extends outside the company - present company included. This is an excellent place to grow and learn at an established company with an excellent track record.

    Cons

    Turnover is a problem. As stated in my pros, they are looking to address it. Pay is competitive, but emphasis on variable compensation can make it appear risky. If you buy into the pay structure, it can be lucrative. I'd like to see them consider a base that is competitive and treat the bonus more discretionary. There is definitely opportunity for improvement on the compensation structure side of things. More trust could be placed in employees and managers. Serious growth will only occur when employees are trusted to truly lead. You've built an outstanding team, trust them to take you to the next level. Always room for improvement.


  2. "mixed bag"

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

    I worked at Profit Recovery Partners full-time

    Pros

    PRP has a couple things going for it. They hire a lot of smart kids right out of college, so you'll have cool coworkers. Some medium/large clients that will look good on your resume. A ton of responsibility and analytical projects to build up your excel skills. Management tries to listen. Not a terrible place to build your resume.

    Cons

    PRP has a fair amount of negatives. Work-life balance is skewed badly towards one side. Often high stress. Employee turnover is through the roof. Work distribution between departments is weighted heavily on the practice groups. Focus is on speed rather than accuracy.

    Advice to Management

    Pay your employees a fair wage. Focus on accuracy and value rather than speed. Encourage a diversity of views.Have your employees' back.

  3. "So far so good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Analyst in Costa Mesa, CA
    Current Employee - Associate Analyst in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Profit Recovery Partners full-time (More than a year)

    Pros

    Company Culture. No one is uptight. Execs are easy to approach and always willing to listen and learn from you. Work is very interesting. Alot of invaluable information and skills are obtained while you work here.

    Cons

    High turnover. Policies, practices, and templates are always changing due to high turnover. No 401k match paid time off is subpar.

    Advice to Management

    Invest more in your employees and the turnover will decrease.


  4. "Data Entry"

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

    I worked at Profit Recovery Partners full-time

    Pros

    Flexible hours and good pay for the experience needed

    Cons

    Management does not really care about you or talk to you


  5. "Great place to work!"

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

    I have been working at Profit Recovery Partners full-time (Less than a year)

    Pros

    PRP offers an incredible opportunity for both industry experts and aspiring management consultant analysts. Individuals able to collaborate and achieve and share successes as a team thrive at PRP.

    Cons

    PRP is an incredibly fast past environment and constant changes to improve. These changes can be frustrating to some but they are designed to provide the best solutions for PRP clients.

    Advice to Management

    You have an great team and culture. Embrace it. Invest in it daily and always remember to encourage the team . Continue to celebrate your successes in fun and creative ways!


  6. "Excellent opportunity to get your start in the consulting industry"

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

    I have been working at Profit Recovery Partners full-time (More than a year)

    Pros

    Profit Recovery Partners has a remarkable culture, the friendships and professional relationships you will develop here will continue to have value down the road of your career. The firm is breeding ground for executive presence, technical knowledge, analytical knowhow and business acumen, you will learn a ton here. The firm practices promotions from within so many of the leaders here are well versed and you have the opportunity to rise to leadership positions quickly (in comparison to the rest of the corporate America) The firm does a number of social responsibility events which gives you the opportunity to give back to the community. The firm hosts an annual company event (where they put you up in a nice hotel, with entertainment for the whole weekend with your sig. other) and hosts events like happy hours, bowling, etc. on a pretty consistent basis. The firm wants you to feel appreciated and recognized for your unique contributions to the firms’ success.

    Cons

    I firmly believe the pros of working at PRP outweigh the negatives, it is important to note there are challenges with working here. The firm expects a lot from its associates, because you are presenting to the C-suite your work product, communication and professionalism skills always have to be dialed in. This means, that you will spend a lot of time practicing how you deliver a message and will be required to work hours above the standard 8-5 schedule. Due to the nature of the firm (cost savings specialists) a number of our office spaces are not as high quality as you would expect working at a consulting firm (the break room definitely needs to be refreshed). The family like culture can sometimes create tension when promotions occur or teams run into conflict on projects. Most significantly, the performance based compensation structure can sometimes create additional stress on employees and leads to variance in your compensation, most goals are challenging to meet and make you have to push yourself to be able to achieve your full compensation (the good news is, your compensation is locked at 100% for your first year of employment).

    Advice to Management

    Continue to spend time with your associates, the open door policy that you have creates a clear vision of trust throughout the firm. Consider, giving your entry-level analysts, supervisors the opportunity to share their ideas for innovation with you directly (set specific time aside to focus on this). Be open to technological change (presenting from tablets, using the latest and greatest technology more readily). Create opportunities for professional development; consider sponsoring members of the team who want to pursue certifications like the PMP, CFA, etc. Lastly, set realistic goals, a number of goals that are set from a growth standpoint aren’t directly achievable this can demotivate your most driven team member and punish your tenured team members from a compensation standpoint.


  7. Helpful (5)

    "Great entry-level, poor long-term career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Costa Mesa, CA
    Current Employee - Manager in Costa Mesa, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Profit Recovery Partners full-time (More than 5 years)

    Pros

    You get to work with some really great companies and have exposure to large projects almost immediately. The experience you can gain right out of college is something that is not offered at many other consulting firms. If you show your willingness to learn and have a constant positive attitude you will be looked at favorably by the executive team.

    Cons

    Everything revolves around speed, even if decisions do not align with what's in the best interest for the client.

    Work-life balance is non-existent if you wish to advance in the company. Working past 5pm and on weekends is expected, and necessary due to inexperienced departments constantly making errors in the analysis work.

    Departments are lacking experience due to high turnover. Most departments have no experience outside of PRP despite the company selling clients on PRP's "industry experts". This creates constant quality issues and errors in client presentations that must be reworked.

    Goals are broad and constantly changing. Most internal projects stall or fail because management has a "somebody else will do it" attitude.

    Pay is low, and promotions to management are hard to come by because their aren't many open opportunities.

    Advice to Management

    You cannot keep trying to replace experienced people with college graduates starting their careers. Focus on retaining your biggest asset - your employees.

    Recruit more industry experts to augment the practice groups, hire an experienced HR department, fix the production of analyses.

  8. Helpful (1)

    "Opportunity knocks- A great place to work!"

    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 Profit Recovery Partners full-time

    Pros

    In my first 6 months as an analyst here, I was consulting, face to face, with the CFO of a billion dollar company. If you are willing to work hard, and always act in the best interest of the client, management will give you more and more responsibility. It is a fast-paced and fun environment. The culture is highly entrepreneurial and there are a lot of smart and motivated people that work here.

    Cons

    This company is not for everyone. It is fast paced, and those that get promoted, work hard. There is a high level of accountability, across the 100+ employees.

    Advice to Management

    Continue with the positive cultural changes. Empower, appreciate, celebrate successes!!


  9. Helpful (3)

    "If you're going to take a job at PRP, come in with your eyes wide open."

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

    I worked at Profit Recovery Partners full-time (More than 5 years)

    Pros

    You get good experience, particularly exposure to high level executives at mid-size companies. Coworkers are cool, though turnover has been so high in recent years that I don't know if this is even still true. Other companies recruit away from PRP because the experience is solid.

    Cons

    Leadership is significantly lacking, particularly at the very top - the CEO is a micromanager, and the President is unimpressive. Workloads, timelines, and expectations are absurd and way out of balance - some teams skate by easily, while others are drowning. Pay is not at all in line with the market. They will show you your "100% potential" on your offer letter, but beware - the goals aren't based in reality, and they account for a huge part of your pay. 10% for analysts, 20% for supervisors, and 30% for managers. Training leaves something to be desired at all levels, but it's most noticeable at the supervisor and manager level, and it's the employees who suffer under "leaders" who don't know how to lead. Turnover is very high because of all these things, and it only puts a further burden on those who remain. Leadership is not honest about the shortcomings of the company. They should take a look in the mirror, but instead, they put the blame on others, never themselves, and therefore never improve.

    Advice to Management

    Learn from the people who serve you well and give honest feedback. Better train your managers on how to lead people. Seriously reevaluate balance of work. Don't badmouth people who chose to move on to other opportunities. Keep your promises. Don't be a bunch of "yes" men.


  10. "Great Culture, Growing Company, and Grand Opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Recruiter in Costa Mesa, CA
    Current Employee - Recruiter in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Profit Recovery Partners full-time (More than a year)

    Pros

    Amazing Culture. Fast growing company. Tremendous Growth Opportunities. Here at PRP, we work as a team. If you are looking to grow in your career, this is an amazing place to work at. The leadership team is constantly pushing you to grow and cares for your professional development.

    Cons

    Since the firm is an extremely fast paced environment, results are required in every area. This may lead to some work/life balance challenges. However, the management team can work with you to balance this.

    Advice to Management

    Continue to brand the company and drive market awareness. This will help bring the company to the next level!


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