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Backstop Solutions

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Backstop Solutions Reviews

3.7

70% would recommend to a friend

(101 total reviews)
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Clint Coghill

78% approve of CEO

61% positive business outlook

Backstop Solutions has an employee rating of 3.7 out of 5 stars, based on 101 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Backstop Solutions employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

101 reviews
5.0
4 Jan 2023

Good

Recommend
CEO approval
Business outlook

Pros

Good working environment, Good people

Cons

Not such. Working hours and short of staff

1.0
5 Nov 2018

Sales

Recommend
CEO approval
Business outlook

Pros

Hard to think of any

Cons

It’s unfortunate that HR is constantly posting fake reviews in an attempt to hide how horrible this company is. Don’t believe them, they are the obvious posted with no real insight associated with them. Here are some reasons why you should never work here: 1) The CEO has no real business experience. His only skill is leveraging his families money to keep himself busy. 2) The turnover of staff is incredible. People get tired of being lied to. 3) The product is non-competitive and is a patchwork of different services based on whatever thought the CEO thinks might work that day. 4) The employees are burnt out. 5) Nobody except management actually makes any money. The sales team never achieves unrealistic quotas, there are no realistic stock / option incentives (look at the vesting period...impossible to achieve) and end of year bonuses aren’t even a consideration. Ask almost any outside tech recruiter about the firm and they will tell you why they avoid this firm at all costs.

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Backstop Solutions Response
7y
Thank you for taking the time to share your feedback. We rely on Glassdoor and other feedback channels to inform us on how we can improve. Our experience with Glassdoor is that it has a sophisticated audience who is able to decipher between an authentic review with positive intent and other types of reviews. As an industry leader, we are very proud of the culture we’ve built and are still trying to evolve and grow. Our talent retention is well above the tech industry benchmarks, and have been tracking at over 80% retention for the last two years. We’re also quite proud of our recent award as runner up for Chicago’s Best Tech Workplace for Diversity recognized at this year’s Timmy Awards by Tech in Motion. One of our top accomplishments this year is our ability to attract a lot of top talent from the industry, and we do that largely through employee referrals and social networking. Our very recent infusion of $20M in capital creates value for all of our people who share in it through equity. That said, Backstop is not for everyone and we have high performance standards. It’s unfortunate that competitors or recruiters use negative selling tactics, but we recognize it is a reality. Our choice is to approach the market through a positive position of strength, with an unwavering commitment to help solve the top problems our clients face in the institutional investment industry.
2.0
4 Mar 2016

Unethical policies

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The snacks, beer and people are easily some great reasons to work at Backstop but they're outweighed by the cons for many people.

Cons

No upward momentum. The HR policy is (seriously) to NOT give people a raise when they're promoted until they've been doing that job for 6 months. It gives no incentive to do well and get promoted. If you want a promotion(and wish to be actually paid for what you're doing), you have to leave the company. They said that "this is for the employee to see if they like the job" but nowhere else that I've worked does this. It's a terrible policy. Hired from the outside? Great, they'll pay you what you deserve. Promoted from within? Too bad. No raise for 6 months. No incentive to do better work.

Viewing 1 - 3 of 101 Reviews

Glassdoor has 108 Backstop Solutions reviews submitted anonymously by Backstop Solutions employees. Read employee reviews and ratings on Glassdoor to decide if Backstop Solutions is right for you.