Do not waste your ime there - Anonymous employee additiv Employee Review

1.0
1 Jul 2021
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible working time Full remote work possible Charismatic CEO who actually has a vision and drive

Cons

- Completely flat structure- if you are not hired on a very senior level, there is no option to grow - Insane turnover - people are leaving all the time, or being fired (very "my way or the highway" attitute of management) - Many old bankers among senior management, who have no clue about fin-tech or any kind of digitalization - To cut the cost they hire a lot of young, unexperienced people who have absolutely no clue what are they doing, which makes your job harder, because in the end you need to do work for two - experienced people are overwhelmed with workload, usually have to cease fires here and there and have no opportunity to grow - Managers distribute the tasks not basing on actual role, but basing on who has capacity, which creates a lot of mess - Absolute mess when it comes to projects governance - Average compensation, no benefits - Toxic working environment, with a dose of mobbing, people are literally sick of working there

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additiv Response
4y
Thank you for taking the time to write a review including your advice to Management. It is important to me to hear what we are doing well and what we need to improve. We are not used to receive a one star reviews, so we are not happy that your experience working here was unsatisfactory. The vision and drive of our charismatic CEO has clearly been a key factor of why additiv has grown and become a leading international WealthTech company, and why many employees find additiv a great company to work at. The hybrid work model you mention gives flexibility to our employees, combining the interests of the company and of our employees. Our flat organisational structure enables us to stay nimble, take decisions quickly, and adjust to changing client needs and market opportunities quickly. It ensures our employees have access to senior management, including our CEO, to give feedback and get support when required in order to drive things forward and deliver results for our internal and external clients. Despite our best efforts, we sometimes learn that we are not the right employer for certain people. I am sorry to read that for you we apparently were not the right employer. Given the importance we put on retaining all our key contributors who identify with our company’s vision, we are proud that, having rapidly grown from 20 to well above 150 employees, we can count on the support of many highly dedicated and loyal employees who have been with our company for many years. They have grown, developed, taken on more responsibility and been promoted within our company. We believe that we offer young, bright and committed people with a can-do attitude the chance and opportunity to work with skilled colleagues in cross-functional teams, and create, shape and build new solutions, thereby learning and developing their professional profile. We are fully cognisant that building a company and disrupting an existing industry isn’t always easy and requires stamina and a lot of hard work. Our compensation is based on performance and meritocracy and what a mid-sized WealthTech company can afford to pay, and we regularly compare our compensation with industry benchmarks. At additiv, being a knowledge company, we feel privileged to have a very diverse workforce (in terms of cultures, nationalities, races, gender and religion), where employees cooperate across geographies and respect each other, irrespective of the other person’s background. One of our values is cooperation and we regularly get feedback from employees that they enjoy working in such a diverse company with competent colleagues. And I have a lot of respect for our committed HR team who strive to build and support a culture which is inclusive, performance and result oriented, and based on open feedback and mutual respect. We continue to adjust our organisational structure to meet the needs of a fast growing company in a very dynamic market and competitive environment. This allows us to continue to grow, hire additional people, and adjust to client feedbacks and market opportunities. We agree that it is very important to clearly state the opportunities and expectations during the hiring process to ensure new joiners have a good understanding and a realistic picture of what they can expect from additiv and, equally important, what we expect of them, when they join a fast growing, dynamic company like additiv. And we continue trying to find the right balance between keeping a nimble, start-up like culture (fighting unnecessary bureaucracy and so called best practices which might be good for big established companies), and providing guidance to our employees based on clearly defined principles which support speed, flexibility and a strong focus on delivering results. Adrian Weiss Head Corporate Services, Member of Group Executive Board

Explore other reviews about additiv

5.0
11 Oct 2023
Recommend
CEO approval
Business outlook

Pros

Nice people with focus on results.

Cons

There is no setled developing processes.

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additiv Response
2y
Hi there, Many thanks for your review. We greatly value your feedback as it helps us understand where we are on the right track and where continuous improvements are needed. We look forward to your continuous contribution to the company's growth. Best regards, People and Culture Team
3.0
6 Oct 2023
Recommend
CEO approval
Business outlook

Pros

People, compensation, ambition and more

Cons

perhaps vision and product strategy, there is no clear direction

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additiv Response
2y
thank you for taking the trouble to send us feedback which we greatly appreciate. the platform strategy with the three verticals, i.e. wealth management, credit and insurance, has now been communicated multiple times in townhalls by our CEO and the founder. Wishing you all the best.
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