Will Oberton is the lowest paid Fortune 500 Company CEO. Did they include his bonus and stock options? - IS Department Fastenal Employee Review

2.0
Feb 23, 2009
Recommend
CEO approval
Business Outlook

Pros

If you have an interested to work for a Fortune 500 company, Fastenal is an option. They have good benefits.

Cons

In the department in which I worked, the management sucked. Over the 7 years I worked there, at least 10 people have quit. This includes 6 people in the last 3 months that I worked there. In some cases, the management didn't know how things really worked. They wanted projects/rollouts/every day activities done, but they had no idea what their employers did to make them work. If there was a big change in a process, they didn't quite comprehend it what the employees did in the process. How can you pay someone when you have no idea what they are doing? Politics. They expect you to figure in your bonus as actual pay. So initially when you sit down to figure out how much you are going to make, they include an estimated bonus as part of what they are paying you. Which is fine...but twice in 8 years, they have cut bonuses. If your money is all tied up in kids and bills, how can a company cut their bonuses like that? This is just 1 of the many ways Fastenal is a penny pincher. It really shows once you put in your time. You're really another average Joe. They don't care if you leave the company for good. They will also force others to put in much more work in place of your absence.

Explore other reviews about Fastenal

5.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Management is good Hours are negotiable Time off is available Opportunities to move up always available

Cons

No commissions for part time

4.0
Jul 9, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great company culture, love the investment they put in for career advancement. Great people to work with, CEO is amazing but he's stepping down this month. Benefits are good. Decentralized organization so your ideas and solutions actually get listened to and implemented. Feel like I'm actually making a difference in the company.

Cons

Pay is lower than the industry average for most departments and they don't keep up with the cost of living, don't do bonuses (unless you're in sales) or pay raises. You have to ask to get one and most times they say no. Very male dominant at the branches and in sales, but many women in corporate leadership. Don't have any DEI initiatives. Not flexible on relocation for internal management roles, have to be at corporate HQ in Winona, MN.

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