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Internal Data Resources

Engaged Employer

Misrepresentation of ESOP for longevity of employees - Project DB2 Database Administrator Internal Data Resources Employee Review

1.0
Aug 5, 2016
Recommend
CEO approval
Business Outlook

Pros

1) I was able to work through IDR out of Atlanta, GA, 100% from my home for 7 years. 2) The money was fairly good, but the company policy of a review every year did not occur; instead I had to contact the CEO, Eric French, after my 3rd year to even get noticed.

Cons

My largest complaint concerning IDR is that they profess to value their employees, and offer an Employee Stock Ownership Plan (ESOP) that may or may not pay out to anyone in the far distant future, maybe. The company may or may not ever pay out to anyone, except to those working in the main offices, at the whim of whomever controls the fund. If the ESOP is part of any prospective employee of the company in making their decision to work for IDR, then they may wish to rethink working for this company.

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Internal Data Resources Response
9y
It is an IDR practice to make sure each of our employees understand the entire IDR benefits structure; including those listed benefits of IDR’s Employee Stock Ownership Plan. Not only is an overview provided when these individuals go through our on-boarding process, but also during the vestment process, and, if applicable, the off-boarding process. As part of this process to ensure that all individuals understand the benefits, and their rights under the ESOP, we provide a verbal overview, supporting written materials, and we ensure an IDR representative is always available to address any additional questions an individual may have regarding these plans. IDR remains committed to creating a comfortable and transparent process for all of our employees. We appreciate your feedback, and will continue to strive to ensure the communication on these processes are as thorough as they can be.

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