Credico Reviews

4.0

80% would recommend to a friend

(379 total reviews)

Antoine Nohra

83% approve of CEO

80% positive business outlook

Credico has an employee rating of 4.0 out of 5 stars, based on 379 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Credico employee rating is in line with the average (within 1 standard deviation) for employers within the Media and communication industry (3.7 stars).

Reviews by job title

379 reviews
1.0
19 Mar 2017
Recommend
CEO approval
Business outlook

Pros

If pros include learning how to smell con men from a mile away, then that's the only benefit working here.

Cons

Credico calls themselves an 'Outsourced Marketing Specialist'. On their own website, Credico states that they outsource customer acquisition costs on behalf of their clients to " independently owned and operated sales teams", who acquire customers for the clients. Credico's taken the position that the independent sales offices (ISO's) which it subcontracts with are, in fact, independently owned and not controlled by Credico in any way. Which is why, whenever a disgruntled field salesperson writes on GlassDoor about working 60-70 hour work weeks, making below minimum wage, having no work/life balance, and being an unwilling participant of a pyramid scheme, Credico will say that they bear zero responsibility for the salesperson because these outside sales companies are, after all, independently owned. On the surface, that appears to be the case, but in reality, the offices it chooses to do business with are grown from within a network of already existing offices. It's not as if, like a talent scout, Credico actively seeks to do business with sales companies that classify their salespeople as 'independent contractors', force them to work 70 hour work weeks and pay them paltry commissions. On the contrary - Credico decides the commission policy for these companies, hosts 'rallies' and conferences where these companies come together to hear Credico's CEO and President praise and encourage them to keep working 70 hour work weeks [This footage exists], and informally promotes a bogus opportunity scheme where, if you subject yourself to terrible working conditions and follow "the system" in an already existing ISO, your manager will 'promote you' and make you another one of Credico's ISO's. Meanwhile, through these means, Credico clears themselves of moral responsibility while benefiting off the backs of hard-working people all pursuing a dream that does not exist. Ingenious scheme, isn't it? This aforementioned bogus opportunity scheme - which started more than thirty years ago by defunct entities way older than Credico (Google 'DS-Max') - dupes countless unsuspecting people every year into taking a low-pay direct sales job (usually door-to-door sales and business-to-business sales). The scheme promises you that if you follow a series of steps, work 60-70 hours a week on commission, interview a revolving door of new applicants, convince said applicants of the "opportunity" and possibility of becoming their own business owners, retain enough people to build a "crew", and recruit, recruit, recruit, you will earn the opportunity of running a company and perpetuating this cycle yourself. The "opportunity" is like a phony penny stock scam - its value is worthless. The only way to become successful is to recruit and deceive more people, duping them into working hard for a nonexistant opportunity. Credico uses this scheme to grow exponentionally and make money, without ever taking responsibility for the field agents breaking their backs and working hard on the field. At a public rally in Baltimore in 2015, Credico's CEO told the audience of suckers that if they want to make it in this business, they better start working hard. If 70-80 hours a week weren't enough, he suggested 100 hours. Why? Because as an outsourcing company, Credico doesn't have to pay field agents a salary or put rules in place to prevent workers from being taken advantage of. As long as people buy into the bogus opportunity scheme that Credico, their Consultants and their Vice Presidents sell to suckers across the country, money will continue to be made at the salesman's expense. And these negative reviews will keep on piling.

1.0
29 Aug 2019
Recommend
CEO approval
Business outlook

Pros

Location, Benefits (once they kick in), Good PTO, Summer Friday’s. Bonus structure was recently created.

Cons

Extreme micro management. Manage with fear. Training is ‘sink or swim’ and made to feel like you will look bad if you ask for help or don’t know or recall something. Management and certain off-sight employees act as if they are superior to on sight employees. Work load is extreme and you are expected to be available almost all day and well into the evening and weekends. No work life balance. Reviews aren’t taken seriously in terms of actually having them annually, therefore resulting in delay in the minimal raises and decrease in moral. No loyalty to employees. Management will make you feel disposable. There is zero career development, even when asking for it. Most feedback is negative, not a lot of build up. Newer COO has made some changes like bonus and raises that were nonexistent for a while. But had Poorly executed a remodel that was designed to look like Google. It went from having space to pretty much sitting on top of each other on what looks like IKEA desks. Lots of empty space while employees have yell over each other while working, due to such unnecessary proximity of each other. Basic Remodel started in November of 2018 and still not complete with tape on the carpets and unfinished areas, meanwhile the COO is knocking down a wall in his already oversized office to make it even larger with custom furniture delivered regularly. Things like this shows the lack of care for the comfort and happiness of employees. There are no real company updates or ‘Town Hall’ meetings. The last min TH meetings are nothing but last min announcements and not info on the company. Overall, this is not a good atmosphere to work in. Over worked and extremely under appreciated!

2.0
10 Oct 2018

Misleading

Recommend
CEO approval
Business outlook

Pros

I worked for one of your many 'daughter' companies. -Some decent (young) people who try to make a living and progress in a fundamentally unsustainable system -Good teamwork -Decent sales training -Some strong female leaders

Cons

- Long, long hours (easily 70+ per week) - Commissions based - Nobody. Hits. Targets. While some people do make 3 or even more sales everyday (i.e. hit the targets), the vast majority of your colleagues (even those who spent far longer than you in the company) will be happy to make one sale per day. I was there for two weeks, only "hit the targets" once, and still did better than most team-leaders in the office. You are misled from the moment you read the job advertisement to the day you eventually quit out of exhaustion. Here are a few things to look out for: - They'll advertise a number of position online. They are all the same thing. - What you'll do is by no means unique. You'll find multiple Credico offices operating in the same exact way in all sorts of towns, regardless of how small. - You will be promised "an office", which is supposedly the well deserved compensation for a lot of hard work. Beware of what an office is in the Credico vocabulary: being an "office owner'' won't mean that you will get to do things your own way, pick your own clients, or even that your company will have a physical office (many Credico "companies" are based in the same tiny office and share spaces). You will possibly make more money, but all you'll be allowed to change is the way in which you train your people. - The whole "get to management" thing is predicated on the notion that 99.9% of the people in the office will have to earn less than £100 per week. - The "maths" that they'll try to sell you (about how much money you'll make once you get to ownership and how that is going to allow you to retire super-early and be happy forever) is rubbish. It does not account for the fact that, if you retire at 30 with £600.000 (their figures) you'll be paying yourself £12.000 per year for the rest of your life. - They'll cultivate a culture whereby you're a "loser" if you choose to spend time with your loved ones now, when you could be out on the streets selling stuff to people and "building a fortune". Don't let them make you feel bad: there are a lot of ways to make a lot of money, and most of them won't involve spending 10hrs per day standing outside in the cold and having manufactured, fake conversations with people.

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Glassdoor has 410 Credico reviews submitted anonymously by Credico employees. Read employee reviews and ratings on Glassdoor to decide if Credico is right for you.