Samtec reviews

3.6

66% would recommend to a friend

(70 total reviews)
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John Shine

78% approve of CEO

62% positive business outlook

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70 reviews

Reviews about "Compensation"

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3.0
Feb 8, 2022

Hell and shine

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good place to work pay great

Cons

Need to be a male to make it inthecompsny

2.0
Jan 14, 2022

Fantastic Benefits but a family run insular company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Samtec's benefits, especially health benefits were the richest I've ever had in my 20 years of experience. On compensation, they have a unique profit sharing model that will turn off some, but apples to apples comparisons of my salary + bonus was commiserate with my previous employers. I can see how folks who stay long term where the misalignment of salary can accrue over longer periods of time, but that problem is not unique to Samtec, and doesn't really affect new hires. Samtec is a service driven culture that breeds folks that love their company and work very hard. In IT focused organization, they were willing to spend money on tooling (although the lack of overall planning made this somewhat of a wash.)

Cons

Family run business -- business decisions revolve around people, and more than a few folks are 'sacred' ie they continue to make poor decisions that not only waste company money, but provide a huge opportunity cost to progress in ways that the company needs to move. The only reasons those folks continue to exist is due to nepotism, or loyalty to those who've been there for a long time. Maybe that is great for those that work at Samtec long term, but I'd argue if you are an ambitious potential new employee, run very fast away from this company. Insularity -- from a business standpoint, the company continues to perform well, so it can be hard to transition from good to great. However, the biggest challenge the company faces is complacency, and the biggest sin they commit is insularity. This is true from an organizational standpoint, where in the white collar roles, there is such a huge amount of lack of coordination in any decision making, and information silos that lead to some pretty terrible decision making. However, the insularity runs deeper, and the primary reason for it is that there is a confusion about why the company has been successful, and what it will take to bring more success. The world has moved pretty significantly, and without new blood to move the company in a necessary direction, these problems will fester and kill the golden goose. Finally, every company has folks that are very two-faced, so Samtec is not unique in that regard. However, there are some deep integrity issues with a few folks in leadership that I would warn others that things don't appear as they seem. I experienced pretty extreme whiplash from folks who I thought of as deep mentors, who turned out to be in fact very terrible people.

3.0
Dec 7, 2021

Sadly becoming worse

Recommend
CEO approval
Business Outlook

Pros

Great benefits. 401k package and two profit sharing bonuses that are not evenly distributed unfortunately. Also a windfall bonus at the end of the year.

Cons

Company let’s each manager have their own rules in their departments without consequences. No set rules for entire company. The higher up people just assume the people that are below them are actually doing their jobs. Bullying and intimidation are allowed from other employees and managers also. It depends on who you know or who you are related to. There is also a great amount of nepotism that is so blatant. There is also a problem with some people that just do not want to work which will of course weigh others down. I wish they would become the company it used to be.

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