SOI Holdings Reviews | Glassdoor

SOI Holdings Reviews

11 reviews

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Full-time Part-time

2.5
Star Star Star Star Star
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Marc A. Utay
6 Ratings

11 Employee Reviews

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  1. Helpful (2)

    "They Expect a Lot and Pay Well for It"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Dallas, TX
    Current Employee - Manager in Dallas, TX
    Recommends
    Approves of CEO

    Pros

    This is a company that understands what the term "pay for performance' means. There is no other PEO of this size, especially the nationals (Insperity/Administaff, Paychex, ADP, Trinet) that pay commissions and residuals as high as these.

    They are on a growth curve and rapidly opening offices with people who have solid experience in the payroll and PEO industries. This place has people with a passion for the business, clients, and the company.

    Cons

    Senior management is stretched. It is a flat organization, meaning that decisions get made and implemented easily, but only if you can get to senior management. Middle management is beginning to pay a price for the inaattention paid by senior executives.

    They need to begin using a more cohesive and formal evaluation format in the hiring and onboarding of new people. They rely on gut too much.

    Advice to Management

    Read the "Cons" section. You are good guys witha passion for the business.


  2. Helpful (1)

    "Great product, but very poor leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PEC in Los Angeles, CA
    Current Employee - PEC in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at SOI Holdings full-time (More than a year)

    Pros

    Great product. There is a big market out there for what SOI has to offer, and with TriNet you will now have an even better platform.

    Cons

    Bait and switch selling. You have to sell your deals before they are underwritten. You then have to go back to your prospect and tell them pricing has changed losing all credibility. You are not allowed to talk to anyone above your area manager and they are kept in the dark. Bad leadership.

    Advice to Management

    Get your deals underwritten up front to avoid bait and switch selling. Get out of your glass house and come see what is going on in the marketplace.


  3. "Sales"

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

    Pros

    Strong company that great fast!

    Cons

    Had some micro management but was helpful most of the time.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Worst Company Ever and Very High Turnover"

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

    Pros

    There are no pros about this company.

    Cons

    Training was a joke. If you like cold calling this is the company for you. Management has no experience at closing business.


  6. Helpful (1)

    "customer care"

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

    Pros

    Good job laid back great benefits

    Cons

    Dealing with irate customers


  7. Helpful (1)

    "Cannot calculate a paycheck correctly"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I have no pros other then you do receive pay on time even though it's never right

    Cons

    If you enjoy receiving your paycheck and having it be correct, then DO NOT USE SOI. This is the 5th pay period we are with them, and to date they have not gotten a single check correct! Then they feed employees total bs by saying our insurance premium rates didn't include tax. It's a PRETAX deduction, there should not be tax. They blame Obama care for creating this new employee tax but won't show you what it is. Basically it is musical insurance premiums each and every paycheck. They withhold whatever they choose from your check.

    Advice to Management

    Learn how to correctly calculate payroll and charge ins premiums!


  8. "Doom and gloom for SOI PEC's as merger/buyout continues"

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

    I have been working at SOI Holdings full-time (More than a year)

    Pros

    Great local manager.
    Good local HR support staff.

    Cons

    financial support from company////dont expect any expenses to be paid.

    Advice to Management

    get out the crow bar and open the wallet.


  9. "Great peers and management!""

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Professional Employer Consultant
    Former Employee - Professional Employer Consultant
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Management went to bat for you to get deals done.

    Cons

    Low salary even though there were good benefits.


  10. Helpful (1)

    "Company that needs to significant improvement in culture and values."

    Star Star Star Star Star
    • 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 SOI Holdings full-time (More than a year)

    Pros

    Good industry. Fair compensation and benefits.

    Cons

    Very high turnover. Culture, middle management, and senior management. Culture, lack of trust at every level of the organization. Not honest with employees or with clients. Lack of integrity. Company doesn't value employees. Poor training and development. Employees, client, and buyer beware.

    Advice to Management

    Employees are important.


  11. "Stretched Senior Management Team"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AREA SALES MANAGER
    Current Employee - AREA SALES MANAGER
    Disapproves of CEO

    Pros

    This is commission-sales heaven for deal makers. Commisions are more generous than Insperity, Trinet, Oasis. Paychex and ADP don't even come close. Generous closing commisioions and monthly residuals. The accelerator pays a 30% bonus on commisions and residuals once the sales goal is hit. Over half the sales force hits it by August and it is retroactive.

    Cons

    C-Level is on top of things, regional sales leadership needs culling; some of them are strictly "closers" who are great working deals. They need executives who can see past tomorrow and do some strategic planning AND execution, like Insperity does. The sales quote system is antiqautaed and useless. Some reps use their own spreadsheets. A VP Sales thinks that it beets competitors' systems. It doesn't. Underwriting takes 3 - 5 days. ADP, Insperity, Trinet can have finished quotes the same day.

    Advice to Management

    Time to open your eyes and ears about what some filed managers are up to. How many HR issues are swept under the rug because a rep, manager, or VP can sell a lot?
    Time to start building a poloished sales orghanization that will sustain profitable growth without harassing and hammering on sales reps. Time for sales management who know how to build sales temas without 50% turnover.


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