Red Ventures reviews

3.1

53% would recommend to a friend

(2,051 total reviews)
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Ric Elias

56% approve of CEO

35% positive business outlook

Red Ventures has an employee rating of 3.1 out of 5 stars, based on 2,051 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Red Ventures employee rating is in line with the average (within 1 standard deviation) for employers within the Media & Communication industry (3.7 stars).

Reviews by job title

2K reviews
1.0
May 8, 2017
Recommend
CEO approval
Business Outlook

Pros

Used to really enjoy this company. Heavy emphasis on 'used to'.

Cons

Used to love the job until they made a ton of changes to senior level management. Company has no view anymore, its far too segmented and things never fully bake out before they jump to something else causing the first thing they were working on to fail. I don't think RV has any idea what they do anymore because they are trying to do everything but excel at nothing. The only goal they have is to line exec pockets. They recently laid off or demoted 40+ people that had been within the organization for 4+ years, most of the reasoning was simply made up, there is no way 40 people that had been with that organization for that long all suddenly did something wrong at the same exact time for this to happen, those were the middle men that worked their way to a decent salary and profit shares, and RV just simply didn't want to pay them anymore, bringing people into tiny rooms and forcing them to sign papers, regardless if you wanted to or not. They are so shady and untrustworthy, that is why this company has a huge turnover rate, it's rare people stay beyond 3 years, and then the ones that did through thick and thin are rewarded with a boot out the door or salary cut. Seriously the goal of this company is for executive level people to make all the money they can while trimming out good, hard working people from the middle, so they can pay less money to some average joe off the street. The company puts on quite the show with their amenities to bring anyone into the doors knowing 35% aren't going to make it more than 3 months, which is convenient to have workers that don't cost a lot to train or pay making you money on sold policies, and you never have to pay benefits for. (btw those amenities, you will never get to use during work because you will be chained to your desk). They used to do a company trip each year somewhere exotic as well. No more of that, even though the company is supposedly making more money, they cut the one big spender that so many people looked forward to each year. When I started, agents were capable of making 6k in commissions every month, but since that takes money out of the senior leadership teams wallet, they drastically cut agent comp values each month. Don't expect a steady comp plan, they will screw you over month after month after month and then make up reasons why they needed to change it. My favorite was 'seasonality', which yes is a thing, but once the season was over, they don't bring comp back up to where it was. It's always some excuse to pay you less money while increasing your goals each month. So you are expected to sell more policies and make the company more money, but you make less money. Makes tons of sense right? Multiple exec people drive $100,000 cars, but there are many agents with families that struggle to make $1000 in comp each month, and a lot of times it's not even things they can control... don't get a phone call because its slow? tough luck! Have a wrong number hit your headset? STILL counts against your conversion and numbers! But that's what you get with a private company, they can do whatever they want and have no one to answer to, and if you don't like it, you are replaceable. They will tell you average agent comp is close to $2400, not true for your first year while you learn their overly complicated, typically awful, scripting that management, who aren't even on the phones comes up with and reads horribly, but you have to read it verbatim or you can be fired. Also, you have to deal with systems that keep breaking because they fired all their IT people as well. The exec level people will sell the company out in a few years and take their millions of dollars and ride into the sunset and everyone currently there will likely be swept out. Even if you have a friend or family member that works there and they rave about it. Give it another 2-5 months for the comp plan to get worse, or management to get worse, or compliance to get stricter, or mandatory overtime to be enforced, or hours to get knocked back. I guarantee once the reality hits and that fake sparkle they brainwashed you with to get you there in the first place fades out, they'll see the company for what it really is.

1.0
May 22, 2015

'Analyst Factory'

Recommend
CEO approval
Business Outlook

Pros

Great perks like the company trip, booze outings, days at the CEO's lake house and regular on-campus drinking. You're able to get lots of exposure to senior management if you're so inclined. In your first year or two out of college you will have more experience than anyone else in your graduating class. This is very attractive in making RV a career launch pad. Red Ventures has also gotten a lot better with compensation in the past year.

Cons

Red Ventures provides one career path for analysts/associates: Associate, Senior Associate, and Director. It will take you 2-3 years to get bumped into the next level, which typically starts at 25k more than your previous position started at. If you have skills that are outside of this track, they won’t be recognized in your review. Find someone who has climbed this ladder and follow their lead. Red Ventures is very protective of their culture – which is to get a sale at all costs. The corporate team is called ‘sales support’ for a reason. If you’re not on the phones, than it’s your job to sell the now defunct Red Ventures business model to partners (see: clients). The better you look holding a coffee and explaining a dashboard to a prospective client, the more that management likes you. There’s a monoculture approach to talent at RV as well. Ric has come out and said “we’re all type A personality types here”, which if you’re not, keep looking for other companies. Talent acquisition is volume based, in that there are ‘classes’ of analysts with expected churn. Those analysts will be replaced with new analysts every summer. RV does not attract, retain, or hire mid-level talent. RV has tried to take some steps in developing mid-level talent, but what they’re doing is just putting clear walls up in to how you’re expected to act to get promoted. The promotion funnel gets stricter and stricter with every new ‘class’ that comes in. Learning at RV stops after 2 years – if your more than two years in your career – move on. Red Ventures has a strange ‘profit unit’ aspect of compensation. It’s not equity, you have no say in decisions, they can be added or removed at any time, and are stripped when you leave the company. If the company doesn’t make a profit that quarter, then they have no obligation to pay you this part of your salary. When payouts do come, they are considered part of your ‘cash compensation’ and thus, some people are getting bigger payouts than others. Don’t confuse these units with stock or options.

2.0
Oct 6, 2014
Recommend
CEO approval
Business Outlook

Pros

Nothing. They don't listen. They don't tell the truth. They don't cooperate with you at all. It's their way or no way.

Cons

Pretty much everything. It's a lot of hush hush problems. Everyone sees them, but no one talks about them. When I was disrespected, I addressed a lot of problems.

Viewing 31 - 33 of 2,051 Reviews

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