Spectranetics Reviews | Glassdoor

Spectranetics Reviews

Updated May 25, 2017
14 reviews

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2.0
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Spectranetics CEO Scott Drake
Scott Drake
8 Ratings

14 Employee Reviews

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Pros
  • The people are great (mid-level and lower) (in 7 reviews)

  • Great team and a fast paced environment (in 3 reviews)

Cons
  • Senior management demonstrates poor business acumen over prioritization of capital/expense funding outlays (in 5 reviews)

  • the clicks w management and senior leadership is so obvious to everyone (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Not so hot..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Engineer in Fremont, CA
    Former Employee - Quality Engineer in Fremont, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Spectranetics full-time (Less than a year)

    Pros

    Great compensation, Spots of friendly co-workers

    Cons

    On the job training is non-existent. No employee development, No upward mobility, FDA warning letter, Co-workers will highlight any issues found and report it immediately to management instead of working as a team to confront issues.

    Advice to Management

    On the job training is almost non-existent. The training I received when asked for help from co-workers was "read the procedure". The culture and values seem to be leaning towards everyone for themselves. Team work can be found in spots of the company, but overall it seems to be about pointing the finger or passing it off to someone else.

    Expect to be dropped into an environment where you have absolutely no training (even though you have years of experience in this field). Then you try your best to figure out what is expected by being told "no, you are doing it wrong." and "this isn't good enough." Culture values at Spectranetics are:
     Innovate, Serve, Win, Own it, Right things, right now, Together, and Humility.

    Humility- "We value each teammate, we listen, we care" (#1 neglected value)


  2. Helpful (7)

    "Ask lot's of questions and write them down, CYA!"

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

    Pros

    Spectranetics has really great R&D, to me it's about saving lives. I am coming up on three years, that's why I stay

    Cons

    HR just pays lip service, some days it can be heard in the parking lot. The last few years have been nothing but hot air. My main concern is the earnings over reported. We have lost half of our stock price. Continual talk of ethical business, the truth will come out in the end.I love my team mates, well at least the one's who aren't busy sucking up. Not what it used to be!

    Advice to Management

    Quit playing God you're making it off of our backs, just remember greediness is met with justice.

  3. Helpful (11)

    "Leadership: A Satire"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manufacturing Engineer in Colorado Springs, CO
    Former Employee - Manufacturing Engineer in Colorado Springs, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Overall, a notably talented workforce.
    Better than average benefits. I'd grade it as a B- or B.
    Good access to tools & technology. Decent laboratories, great machine shop, usually willing to invest in the right equipment provided it doesn't cost an arm. That last point isn't always true, but more often than not.

    Cons

    The politics happening at the upper-most levels of the company is mind-boggling. The subsequent drama trickles downwards and results in corporate inefficiency. Doing the right thing often takes a back seat to bonuses for the executives. As the politics flourish, so do the problems; they were hit with ten 483's just last week after fulfilling several years of a Corporate Integrity Agreement with the FDA within the past couple years.

    Advice to Management

    Have each member of the Senior Leadership Team take a personality test for narcissism. The ten individuals who rate as the most narcissistic should find a replacement by promoting internally. It'll be a win financially and a win for morale!


  4. Helpful (9)

    "Consistent promises with no action."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Colorado Springs, CO
    Former Employee - Manager in Colorado Springs, CO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Products may be old but they serve a purpose in the medical field and are needed.

    Good teams assembled with knowledgeable personnel to be located in Colorado Springs of all places.

    Not too far from Denver.

    Cons

    Senior Management and promises. During the interview process I was shown where my desk would be- nice, small office. The first day I was shown to my cubicle. Next, I was told consistently I would be managing a small team, never materialized.

    Corporate has a rule that 50% of management has to be female.

    401k match is not up to industry standards.

    No paternal time off for new fathers.

    1 year hold on stock that the employee purchases with their own money.

    Advice to Management

    I would recommend that you only make promises that can be kept. Invest heavily in R&D. Listen to the employees more as there are great ideas by lower level employees. Change the 401k match and give new fathers time off.


  5. Helpful (9)

    "Lots of talk with no action"

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

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

    Pros

    Lots of dedicated teammates with a drive for excellence. Fairly flexible with salaried staff as far as hours, no one looking over my shoulder or watching the clock. Just get the job done. Tends to be long hours at times.

    Cons

    Management promotes wonderful sounding values with no real evidence of practicing them: "Humility" not in senior management; "Together"- some of the poorest interdepartmental cooperation and teamwork I have ever seen. No good development opportunities unless you are a manager or above. Way too lean in key departments. Very poor new employee orientation process- go figure it out.

    Advice to Management

    Put your money where your mouth is. Most departments (except sales) are grossly under resourced. If you want "world class" you have to pay for it.


  6. Helpful (8)

    "Circus atmosphere, it's not what you have done for me lately, but do we like you!"

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

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

    Pros

    Great people & great opportunities

    Cons

    Sr Leadership has their heads in the sand, every 6 months there is a shake-up, good people are let go and more people are brought in because the Board wants them there!

    Advice to Management

    Stop pretending to listen to your people!


  7. "Have worked there for 1.5 years"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Colorado Springs, CO
    Current Employee - Manager in Colorado Springs, CO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Colorado Springs area, nice people, potential for growth

    Cons

    Very upper management heavy- nearly all came from the same company and worked together at Covidien. They seem to want to run the small company it is like a big company. Too many VPs and not enough worker bees. Most of the leaders don't know how to lead. Lot of blame and finger pointing goes on. CEO is brilliant but leads by fear. Culture is emphasized, but is practiced when convenient-especially by leadership

    Advice to Management

    Pair down your Senior leadership team. For a company with 3 product lines and $100k plus in revenue, you don't need that size team.

  8. Helpful (4)

    "Disappointed"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Engineer in Colorado Springs, CO
    Current Employee - Senior Engineer in Colorado Springs, CO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Located in Colorado Springs, CO

    Cons

    FDA and DOJ troubles
    Executives over compensated for a company which has not shown a profit for several years
    Product recalls are a quarterly event
    Laser technoloy is a small niche market segment, most likely has reached it's growth limit

    Advice to Management

    Think of ways to get employees more engaged and empowered.


  9. Helpful (4)

    "not necessary"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    family environment, talented employees, hard working, great products

    Cons

    it's so sad. so much potential but they've lost their mojo from a culture perspective. the clicks w management and senior leadership is so obvious to everyone. if you are not in the circle you have a target on your back. people are living in fear but still working their tails off. hope it changes

    Advice to Management

    reset. get back to the basics. get rid of nepotism. take out people who are not lifting others up. the orientation should be to give, give, give and trust you will get, get, get in return. get back to the basics of hiring, developing, empowering and unleashing people to execute on opportunities. you will need this for stellarex success.


  10. Helpful (5)

    "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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great technology, good team of field sales people. mid-level management (field) hardworking. Great solutions for complex disease.

    Cons

    it is hypocritical and do as i say not as I do. Values are preached but not lived. Upward mobility is almost impossible internally. Diversity and nepotism seem to be the buzz words.

    Advice to Management

    take off the blinders and look in the mirror.


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