NextGear Capital Reviews

3.6

73% would recommend to a friend

(284 total reviews)
avatar

Scott Maybee

63% approve of CEO

58% positive business outlook

NextGear Capital has an employee rating of 3.6 out of 5 stars, based on 284 company reviews on Glassdoor which indicates that most employees have a good working experience there. The NextGear Capital employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

284 reviews
2.0
13 Aug 2020

Running into the ground

Recommend
CEO approval
Business outlook

Pros

Decent benefits working for Cox

Cons

Leadership void. Current president lacks experience or voice. Has been silent and mostly absent through pandemic. Ops vice president Lisa Mackie panders to her friends at the detriment to all others. Their lack of leadership caused the pandemic to be worse then it should have been. Then when they had to lay off individuals they layed of those with 10+ years of experience so Lisa could hand pick the individuals she wanted. There was no fairness to the way it was handled and borderline discriminatory in how they chose the individuals.

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NextGear Capital Response
5y
The COVID-19 pandemic has forced Cox Automotive, like many companies, to make difficult decisions around its organizational structure. Our commitments to our clients, a sustainable business model, and to a fair and equal work environment drove our decision making, but we nevertheless regret the impact these hard choices have had on some of our valued employees and their families. We want to do the right thing and so, we encourage anyone who feels they have been treated unfairly to contact the Cox Ethics Hotline at 877-329-0696 or www.coxethicsline.ethicspoint.com.
1.0
1 Feb 2018
Recommend
CEO approval
Business outlook

Pros

Loved working there three years ago. That was then.

Cons

NextGear Capital offered employees a prize ... IF we write a positive review online. My co-worker at Nextgear got fired the day after he politely suggested that "it might be unethical to incentivize writing positive reviews." NEXTGEAR FIRED HIM for suggesting that paying for Glassdoor reviews might be unethical. For well over a year, I worked with NextGear and by all accounts I was an excellent employee. I knew then that employees, IF discovered that they left a less-than-positive review of the company, were promptly terminated (overtly for some unrelated reason). A wise co-worker of mine quit the day before I was fired, and he received the 2017 bonus. By getting rid of employees before issuing of the 2017 bonus, NextGear could save money. My co-worker anticipated this and quit. Since they fired me for an error in a 2017 files that say they discovered just before issuing the bonus in February 2018, I did not get the bonus. Had I known they were gonna pull this crap, I would've quit like my wise co-worker. For what it's worth, I make fewer errors than my teammates, and I've often corrected their errors and filed their reports without mentioning it to anyone. Because I consider them my friends. I still have not been informed what the mysterious error in that report back in 2017 was. The way the audits are done and errors are found and reported is biased and political. Unfair practices all around. I was probably one of NextGear's best employees--others, higher up than me, have said so. Never missed a day of work, always punctual, kept the peace (was the office peace-maker), didn't bring any drama to the office which often was riddled with drama), I kept everything together. At least one superior has told me that she didn't approve of the way this whole debacle (my termination) was handled. Terminated for an error back in 2017. NextGear sat on this knowledge without informing me, waiting until February to suddenly terminate me (just before they would've had to pay me the 2017 bonus). No bonus. No severance. No 2 weeks notice. No class. I go into work one day, and am told to hit the road because of an error they knew about 3 months prior. In 2017, after an issue in my report was discovered (an issue that cost NextGear a lot of money), all my teammates said, "I would've done the same thing." Everyone agreed this was clearly NextGear policy. Everything I did in that report was strictly according to company policy. But THIS time... ...it cost NextGear money, so they used me as the scapegoat and formally reprimanded me for it. "You have issues with not filing." I will take responsibility if I've done something wrong. ...but that was NOT my fault. They said that was the reason I got written up, "got coached." It's a dirty way to get rid of somebody.

1.0
15 Jan 2014
Recommend
CEO approval
Business outlook

Pros

It's small enough that you get to see the top level executives and founders, who tend to be friendly. Will pay competitively, but not generously.

Cons

I joined this company to be part of a new development team where I was promised the opportunity to develop exciting new products. After starting I quickly found out that this department is poorly organized, lacks leadership, and that the big picture has not been defined enough to keep a team of 5+ fully engaged. There is a definite sense of overhiring and at times team members try their best to "look busy". We are not developing new products, rather trying to replace an existing system on a Microsoft stack with one on Ruby on Rails. The long term direction of this project feels unclear. After the major executive who spearheaded this project abruptly resigned, our boss responded to the team's concerns with words of the effect "there is a lot of politics going on in the organization". It certainly didn't ease any concerns about our team's vision. NextGear is great if you like depressing work environments. The workplace is bland and the company offers few (if any) perks or performance incentives, financial or otherwise. Despite the pleas of the development team, management is determined to strongarm its employees by moving the entire team into a "pen-like" open office environment with no privacy. Another shocker came when a team member was fired without warning at the whim of a single manager. I would not recommend working for NextGear Capital.

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Glassdoor has 294 NextGear Capital reviews submitted anonymously by NextGear Capital employees. Read employee reviews and ratings on Glassdoor to decide if NextGear Capital is right for you.