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Low salaries and poor benefits

Software Engineer
Current Employee
Has worked at Wise for less than 1 year
June 5, 2022
London, England
2.0
Doesn't RecommendPositive OutlookDoesn't Approve of CEO
Pros

The product is cool. The company is profitable and growing.

Hybrid work: You can go into the office as many times as you want, from 0 to 5 days a week. You're completely free.

Cons

Salaries are falling behind, and the company refuses to address this problem. Instead, management tries to sell a story along the lines of "Aren't you lucky you have a job? Other companies are firing people." It's only a matter of time before this is reflected in the quality of our hires and, therefore, the product. No money equals no talent.

The "benefits" are overplayed. We have average lunches once a week. Pension contributions are a meager 5%, just above the legal minimum.

Employees are not appreciated or recognized. Instead of actual help (£££), we get the classic startup package of mental well-being training and so on.

Autonomous teams don't work; they only create technical debt.

Knowing people goes a long way because the company has no structure.

All the problems I described have been known to management for years; they just lack the will to fix them. They think things are fine as they are.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
3.0
Compensation and Benefits
1.0
Senior Management
1.0

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