Simple Finance Reviews

3.7

59% would recommend to a friend

(166 total reviews)
avatar

David Hijirida

93% approve of CEO

34% positive business outlook

Simple Finance has an employee rating of 3.7 out of 5 stars, based on 166 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Simple Finance 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

166 reviews
2.0
21 Feb 2018

Good on paper, not always that great IRL

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great healthcare benefits, flexible schedule and ability to work from home (depending on position and department), nice office, and PTO is more generous than some other places. The parental leave policy is also unheard of. These are very real pros that can make Simple a livable and desirable place to work, because these aren’t things that you’ll find at every Portland employer. The product is also genuinely interesting to work on. As a customer, it helped get me out of debt (student loans). Given the right support (depends on what team you’re on), Simple is also a place where you can learn a lot and grow quickly, and I’m so grateful I got that opportunity.

Cons

But the potential and promise of Simple and what it could be is bigger than what it actually is. (This is the part where I’m going to say things that make it obvious to management who I am and I’m aware of that.) Simple says it’s a diverse and equitable employer and has signed a Portland diversity pledge—but what do they really have to show for it? While there are women on the leadership team, they are mostly in areas where you’d expect: marketing, customer relations, and HR (called People Team). Whereas Product and Eng are both headed up by white men. (Finance is headed up by a woman.) Additionally, salary equity is definitely not a thing in many departments. I've heard other stories about women at Simple (across departments) who make less than their male peers. This last fall I discovered I was making $18k less than a male peer. To be clear, we didn’t do exactly the same job, but we were at the same level in the company and could both demonstrably show how our work had benefitted the company. When I found out, I had a new manager (my fifth at Simple, I ended up having six total but that's another story), who was a woman, and she put my name in for an equity review. My salary was increased $15k, but the annual bonus was based on gross pay and also I had been underpaid for more than a year. It sucked to know that this was because my previous manager—a man who ended up leaving the company for undisclosed reasons—had kept me at a lower salary and clearly didn’t see my full value. I am 100% certain that if I’d been with a different manager sooner that this wouldn’t have been an issue. This isn’t new news for a tech company, or any company in general. The bigger problem of all of this is that Simple says that they’re better about this stuff than they are—and when you’re the one underpaid or not getting the right opportunities, it makes you feel like you’re losing your mind. It’s disingenuous. Obviously, this isn’t the case for everyone. I know some folks at Simple who have been paid fairly and genuinely enjoy their jobs and the challenges they get to work on. What I’ve been telling people is: it’s not on-paper a bad place to work. There are a lot of reviews here that suggest it is. I believe those people had poor experiences. I know about some of them because I know some of the reviewers, and their experiences were genuinely awful. And yet, if you need a job with good healthcare and you have the energy and excitement for the product/can deal with the some of the same ol’ same ol’ issues, then this is a place to work (though your mileage may vary by department).

2.0
6 Oct 2017

Brilliant Product, Terribly Dysfunctional Company

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- The product can change and legitimately has changed customers' lives for the better. - The individual contributors I've worked with have been almost uniformly incredible people and co-workers. - The benefits are top-notch (vision, dental, health, and life insurance; transit subsidies; solid PTO allowances; volunteer days, etc.).

Cons

- Layoffs are becoming more frequent and disruptive. - Internal communication is horrendous, with teams regularly reverting work that other teams just proudly finished, a concerning lack of alignment even with respect to incredibly fundamental tenets of the company's philosophy and mission, interdepartmental policies being hashed out and introduced via backchannels without ever being documented publicly, and the list goes on. - Management, with few exceptions, is markedly incompetent. It regularly takes anywhere between three months and a year and a half (and counting) for promises made by managers I've had at Simple to actually be carried out to completion. There have been multiple periods of upwards of 8 weeks during which I haven't had a single interaction with my supposed manager. - Attempting to plan for and cultivate a career at Simple is nigh-impossible. The manager I've reported to has, at times, changed on a monthly basis. Pay fluctuates wildly, with some "promotions" actually resulting in lower pay than your previous, less-skilled, and easier role. Re-orgs and layoffs every ~6 months don't help, either. - Compensation/performance reviews, despite being promised every six months at one point, are very nearly always delayed or outright canceled, with some employees not having had a single compensation or performance review in over two years. - The currently-great benefits have, at times, been promised and then retroactively voided, with at least one instance where rollover PTO was repeatedly promised as late in the year as the final week in December, only to have it announced in January that no rollover PTO would be honored. - Income equity across the company is nonexistent, with some employees regularly working half-time while making 2-5 times what those working full/overtime do. - White, aggressive men thrive and regularly rise to fill power vacuums left by layoffs here. If you're a woman or person of color, know what you're getting yourself into.

2.0
19 Oct 2017

A wildly successful dumpster fire

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-Good benefits; Insurance, 401k, all staff lunches once a month, snacks -Beautiful office space -Remote opportunities/ work from home

Cons

-Horrible internal communication -Pretends to be values driven, but fails to turn words into action constantly. -Arbitrary layoffs. 3 big ones, just in 2017. Gets called a re-org each time. -Lack of vision for the product. The product, which is useless for most people. -Inexperienced workforce and leadership with a serious ego problem. -I gave two stars because if you have zero other options, it's a option.

Viewing 1 - 3 of 166 Reviews

Glassdoor has 172 Simple Finance reviews submitted anonymously by Simple Finance employees. Read employee reviews and ratings on Glassdoor to decide if Simple Finance is right for you.