Solium Capital Reviews | Glassdoor

Solium Capital Reviews

Updated September 21, 2017
68 reviews

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3.4
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Marcos Lopez
29 Ratings

68 Employee Reviews

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Pros
  • Fast-paced, growing company - there's a lot to tackle and a lot to learn in the process (in 6 reviews)

  • Growing company with many opportunities in the organization (in 5 reviews)

Cons
  • It is often a struggle to get support from upper management and subject matter experts (in 5 reviews)

  • Complex, legacy code base so it takes a while to become productive (in 4 reviews)

More Pros and Cons

  1. Helpful (3)

    "Good company to work for"

    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 Solium Capital full-time

    Pros

    Ever-evolving roles and company, with exciting opportunities and challenges

    Cons

    The US office is only a service center, where many of the exciting roles are at the headquarters


  2. Helpful (1)

    "Great company run by morons"

    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 Solium Capital full-time

    Pros

    Product that has not many competitors. By the way, Solium buy the competitors and let their employees go.

    Cons

    Company run by inexperienced people. They will let anybody that challenges them go.

    Advice to Management

    Nothing... you guys wont change.

  3. Helpful (2)

    "Client Services Manager"

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

    I have been working at Solium Capital (More than 3 years)

    Pros

    Entrepreneurial environment, accepts change and great culture

    Cons

    If you are good at what you do, more responsibilities are thrown at you without the appropriate resources

    Advice to Management

    Be more involved and respect your employees.


  4. Helpful (2)

    "Overworked & Grossly Underpaid"

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

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

    Pros

    There are a handful of great people working here that work hard & help foster relationships

    Cons

    Low compensation; talented employees are overworked & go unrewarded; management adopts boy's club mentality

    Advice to Management

    Reward talented, hard working employees; promote based on performance


  5. Helpful (5)

    "Small company having issues growing into industry leader"

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

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

    Pros

    The majority of people here are great to work with. There is an overall atmosphere of cooperation and teamwork within the company. The company has decent benefits and offers a 5 week sabbatical every 5 years.

    Cons

    Company has failed to scale their internal resources or set up any standardized training as they expand. The training mindset is to figure it out as you go. It is often a struggle to get support from upper management and subject matter experts. There are few incentives to keep employees longer than a few years.

    Advice to Management

    Develop more incentives to keep staff at the company. Create additional opportunities for career development. Reward employees for going beyond their expected work duties. Develop and implement standard training and some kind of knowledge bank.


  6. Helpful (5)

    "Manager"

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

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

    Pros

    The company has potential the product is very dynamic. There are many wonderful passionate people who work within the organization who care deeply about what they do and the people that they work with. There are many talented individuals who work very hard to achieve client satisfaction and to support their teams.

    Cons

    The pros that I listed above are the exception not the rule. The type of experience that you have is dependent on your senior leader. Unfortunately the core values of transparency and integrity that are written on the walls are not emulated in all leadership. There is a deep culture favoritism and a lack of self-awareness and Leadership. The word ownership doesn't exist in many areas of the organization so when people go for help they can't find it because it's quote unquote not their problem. It's very difficult for anyone to do a job when you do not have the tools to be successful. This does not stop leadership from blaming individuals for broken processes. But wait there's more... if you do make suggestions and outline broken processes don't worry no one will change them for you or your team until a larger issue comes to play with a big client.

    Moving on, there is a complete disconnect and lack of standardization within the pay scales for certain roles. People are not giving Merit increases are paid for the quality of work they're doing appropriately or as people who come in without any experience are granted much higher compensation. This is extremely sad when you look at the amount of work of people who have been within the organization and deserve more.

    The company does provide the honeymoon effect very well. They do provide you the ability to have drinks that work, have fun, etc.. but this can only last so long and real professionals expect longevity, a career path, and an organization that can change and adapt to the demands of their clients needs and puts their people first.

    In my experience, Solium, would go through the motions of change but would Never Act and there's a lot of broken promises from leadership. However, it is important to note that my experience does not represent all markets. There are great leaders there unfortunately they can't be everyone's leader.

    Advice to Management

    Review the core values that are posted on the walls and live by them. Look at some of your peers who get it and take notes.


  7. Helpful (7)

    "Not a good place at all"

    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 Solium Capital full-time (More than 3 years)

    Pros

    Good team of account administrators. Many dedicated young people. Benefits were decent. Solium has a good system.

    Cons

    The CEO is an arrogant man. Inexperienced. Makes many promises to clients just to get them in and later will let other employees deal with the consequences.

    UPPER MANAGEMENT

    Generally dysfunctional and territorial. They will promise their clients the world, but the reality is very different. Those at the higher/highest levels are easily threatened and unsure of how to manage people with vision/ability. Limited strategic vision (but think they have loads). They send mixed messages and most employees feel that the upper management is dishonest and doesn't care much about lower level employees. You will feel like a number and if you make a mistake, you'll be crucified.

    The person who wrote the review on July 19,2006 ("Inmates run the asylum") is correct from all points of view. If you are not one of the "chosen ones", you have no future at Solium.

    Few people know that Solium hired a Controller in Calgary a while ago who proved to be a liar. After many years, Solium discovered that the guy was a fraud and had no degrees or certifications. Very unprofessional. HR doesn't do a good job.

    I consider Solium to be an IT company that doesn't focus on costumer service. Customer service doesn't seem to be very important for them. I don't consider Solium to be a good solution for providing stock administration services, just for providing a good system to other companies.

    There are no opportunities for advancement and the pay is very low.

    Advice to Management

    At the more senior level, hire smart people who know their respective fields and let them do their job/hold them accountable if they don't. Discard territorial senior management. It's like being in high school and always trying to be in the popular crowd. Don't forget: you are part of a smaller company. There is no reason to be arrogant. You have much to learn about humility.

  8. Helpful (4)

    "Good company overall. Going through growing pains."

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

    Pros

    The majority of people here are great to work with. Kind, reasonable people. The product is good. It's a public company, but is too often run like a small mom and pop. Management realizes the need to scale and change the small-company mindset, but the company is going through growing pains.

    Cons

    Like I said, the company is growing but is not set up to handle scale very well. There are a lot of people in management who have been at the company since it was a 10 or 30 person start up, who need a different mindset to make the changes necessary to operate effectively at the scale the company is now. Much less at the scale the company is aiming for.

    Advice to Management

    I think management knows what the challenges are, it's just a matter of executing. That might mean moving beyond just listening to your buddies who helped the company grow over the last 15 years though. So we'll see what happens. Also: pay the service teams more, and fix the leadership problems in finance, SPI, and marketing.


  9. Helpful (14)

    "Inmates run the asylum"

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

    Pros

    -Broad-based equity
    -Good for straight-out-of-university crowd
    For new entrants to the workforce, this is a fast-paced environment that lacks structure - the company prides itself on sink or swim mentality which isn't for everyone. Don't expect much for formal learning or support, only those who are resourceful shall apply.

    Cons

    "Leaders who do not listen are surrounded by people who have nothing to say" sums up the experience of working at Solium.
    The company does not live its value, specifically in integrity and trust. This is a company that sues current employees, frequently mishandles employee situations based on inexperienced HR leadership, and lacks any accountability when things do go sideways - from payroll issues to taxation.

    Advice to Management

    Take a closer look at the top leadership - blow it up and start over. Too many "executives" who are not willing to listen or inspire the change needed to succeed in local markets. Implement a whistleblower program - staff feel like they have no where to turn for borderline illegal behaviour. Expect more lawsuits unless you start treating employees fairly.

    Advice to employees: Get absolutely everything in writing.

    Solium Capital Response

    Jul 21, 2016 – Manager, Talent Acquisition

    It’s important to understand that a fast-paced SaaS company is not for everyone, and that the flexibility required to be productive in a rapidly changing environment can be a challenge. At Solium... More


  10. Helpful (10)

    "Very unstable company"

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

    I worked at Solium Capital (More than a year)

    Pros

    Great work environment with friendly colleagues. Has great potential with the right leadership.

    Cons

    This company lacks structure and consistency. There's no defined training and the managers/team leads idea of training is throwing you out for the wolves too fend fit yourself. It really is a sink or swim environment. The company acts as if they are a small mom and pop shop rather than a mid-sized corporation.

    This company also has core values they try to instill in the employees but do not follow them themselves. Transparency and compassion are just two values that come to mind.

    With Solium if you are a favorite then you're golden. You're allowed to change positions without regard to the set rule of being in your current position for at least a year. Upper management has no idea what's going on especially the president. The turnover rate is ridiculous with over 10 employees leaving just this year alone (8months). You would think that this would raise some eyebrows in Calgary (Corporate).

    The workload does not match the pay and the company is very shady. After my notice I did not receive everything that was due to me. I do not recommend this company to anyone because it is a sinking ship unless there is a change in leadership. I too read reviews here and thought that "It can't be that bad can it?" I must say I was completely wrong and the good reviews are more than likely from the favorites.

    Advice to Management

    Listen to your employees and don't play favorites and give special treatment. The CEO and HR departments should investigate these practices and do something about it before it's too late. The rate at which employees are leaving as of recently should be a cause for concern.


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