Going down the tubes and it's a shame - Anonymous employee MGAC Employee Review

2.0
Nov 6, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Best benefits in town. Best events. My coworkers are extremely smart and hard working. Good technology- improving. Mentors can help you in your career.

Cons

We in the field can stay out of sight, but hear a lot going on and see bad change coming, but never get the full picture. Always more to the story. CFO leaving this month and more to follow. Seems to be about profit and not people. Leadership has bad reputation and now being talked about in industry which will hurt the company long term. Travel is more than they tell you. Raises are for favorites. I was told when I started by an employee who was eventually walked out to stay out of the leadership's way, and not to get on the owner's bad side. No one wants to give feedback unless anonymous- we avoid all surveys. Old employees are good mentors to tell you who and what to avoid. If you are looking for a thanks for hard work- not the company for you.

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MGAC Response
9y
HR Response: We appreciate the directness of your feedback and this is in alignment with one of our core Fundamentals. MGAC has grown every year of its existence, including the retention of all employees during the 2008 Global Financial Crisis because we put our employees first. We achieved this by providing opportunity for them with the ability to chart the course of their own careers. With this type of career ownership and opportunity comes responsibility, and MGAC continues to cultivate a culture of greater responsibility and accountability. Our CFO was an eleven year veteran of the firm, and he started with us early in his professional career. At this point, he has chosen to pursue new geography and a new professional opportunity as part of his growth. MGAC continues to be fully supportive of this choice and him, which reflects the culture of MGAC, where he stayed eleven years. Another one of our fundamentals is direct communication and with this, we will not hide behind email. Feedback on Glassdoor, is essential and as project, program, and cost managers, we are results and accountability driven. This is seen in the accountability we bring to our clients, and each other, and this is not always a comfortable process. Our 4% voluntary turnover is indicative of the level of employee loyalty and the degree to which our professionals are enlivened by the challenge and invested in each other. Again, thank you for the feedback. Please come and talk anytime.

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