For the first time, when people tell me they’re applying to Fidelity, I tell them to reconsider. Now is not the time to join.
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It’s easy to become a multimillionaire if you invest early. Other companies have multimillionaires retire from them, they also have profit sharing or higher salaries.
Agreed. I’ve worked for a few fortune 500s and Fidelity has entered the worst of them all for me. Nowhere I’ve worked uses contractors to scale team sizes like Fidelity. They like having a nice ratio to cut labor costs without layoffs. If you’re an employee that’s great but it su-ks seeing awesome contractors not have contracts renewed just to save some a couple bucks, especially when worse employees are sitting at desks. I’ve never seen so much turnover from it. We let go, we hire, we let go, we hire. My director demands a bell curve with reviews, so excellent employees get cr-p bonuses. Sure, higher someone else who will likely be worse and regardless you still have a bottom you enforce. that’s kind of like socialism, Reminds me of price floors and price ceilings. Why can’t everybody just rise? I mean if they did that great of a job hiring people, had an awesome year, why put anyone in a low bracket when they were actually awesome. Also, with connect weeks every other week and bonus penalization for taking PTO on a connect week there’s no way I’m recommending this place to anybody! I mean all I have to say is you will get penalized for taking PTO on a connect week and that alone would prevent them from applying.
Wow glad I had better friends than you or I wouldn’t be a multimillionaire getting ready to retire after a great career.
Good point about the managers. Don’t tell them anything you don’t want the whole firm to know. That and they take ideas from the team and don’t give them credit for their efforts. I’m sure it’s the same everywhere, but especially here.
I tell people that apply to Fidelity to think of it as nothing more than a place to spend several years at learning about the industry. I also tell them to trust absolutely no one if they get hired there. Especially their manager.
Why would you say that ?