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Talented Team, Managerial Frustration

Vice President - Technology
Former Employee
Worked at Goldman Sachs for 20 years
December 24, 2017
Dallas, Texas
3.0
RecommendsPositive OutlookNo CEO Opinion
Pros
  1. Highly talented and motivated folks
  2. Flexible working environment
  3. Lots of automation projects for tech folks to work on
Cons
  1. Managers have zero control over pay or ranking their employees for performance. Their ratings always get changed to what higher-ups want.

  2. Not a great environment for experienced folks. Younger ones can thrive here.

  3. GS calls itself a tech firm when it is not one. Tech is in an old state but is trying hard to move away.

  4. Too many committees to approve any dollar spend. It can take months to approve even the smallest project.

  5. Managers change jobs often (in the name of mobility), creating lots of obstacles for project planning and execution.

Advice to Management

Please keep the approval committees to a minimum.

Empower managers to manage budgets, employee pay, etc., and trust them. They will make mistakes, but that's how they learn.

Become more nimble to plan and execute projects.

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