Great Brand, Dreadful Parent - Editorial Kiplinger Employee Review

2.0
20 Sept 2022
Recommend
CEO approval
Business outlook

Pros

> Editorial-level employees are experienced, friendly, and care about both their work and their teams. > Great brand name with a rich history. > Old guard still dearly holds high editorial standards.

Cons

> Multiple acquisitions in a short time have stripped a lot of institutional knowledge, history, and morale. > Current parent company (Future) is downright inept. They're called a "serial acquirer," but their experience in M&A hasn't evolved into skill at it. Incompetent at folding in new assets. Benefits transition was haphazard and resulted in de facto pay cuts for most involved. Pay for contractors and freelancers suffered numerous delays for months. Communications are atrocious. They never know who to include on important updates. Directions are always unclear. Procedures documentation is sparse, and what exists is extremely lacking. > Future also suffers severe Dunning-Kruger effect. Despite their shortcomings, they drip with confidence, and they severely misestimate the importance of institutional and subject-matter knowledge. > Future's CEO -- which, correction to Glassdoor, Knight Kiplinger is no longer CEO at Kiplinger -- is a nightmare. A micromanager with no equal. A for-instance: Numerous superiors communicated that the CEO personally reviews all pay raises; future has ~2,400 employees at last count. The CEO also sends a regular update to employees in which she frequently demonstrates that she's completely disconnected from any human earning a sub-seven-digit salary. > Begrudging interest, at best, in filling open positions. > All of the above resulted in numerous defections within a relatively short time after the acquisition.

Explore other reviews about Kiplinger

5.0
14 Dec 2023
Recommend
CEO approval
Business outlook

Pros

I had the honor to start working at Kiplinger when Austin was still involved. It was a pleasure to know the man. He was an exemplary person in his business and personal life. His son Knight followed in his footsteps. Knight is a man who cares about excellence -- in journalism, in publishing, in life. Working at Kiplinger was like joining a family.

Cons

Unfortunately, the company has been sold and is under new management. I can't vouch for what it's like there now.

4.0
30 Jun 2008
Recommend
CEO approval
Business outlook

Pros

Kiplinger's is the longest running personal finance periodical in the business and is respected for it. Just having it on my resume will help me in the long run. The business is family-owned and operated and strives to bring that sense of family to the company as a whole with events planned to bring us together and keep us in the loop on the business side of things. There's a lot of opportunity to be involved in the production of our publications at all experience levels--interns are routinely given assignments and work side by side with the magazine staff.

Cons

Your work may or may not be noticed at the higher levels and feedback from even immediate supervisors comes infrequently. Running a "tight ship" means fewer people doing more work every day. Health benefits have been cut several times in just a few years. Employees tend to stay for a long time, so younger workers may feel like outsiders.

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