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Step One Finance

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Step One Finance Reviews

2.5

40% would recommend to a friend

(10 total reviews)

53% positive business outlook

Reviews by job title

10 reviews
1.0
5 May 2020

Worst company to work for, AVOID!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The only good thing is you will meet a few good people.

Cons

The list is endless. A poorly run company where the CEO has no clue what is really going on in the office as he lives in the US. A few old managers run the company however way the CEO wants them to. It feels a bit like North Korea, yes it is pure dictatorship. The CEO dictates and the managers or shall we call them puppets, follow. The managers will treat you like you were back in school i.e. scold you. Favoriteesm is clear and visible. There is absolutely no room for progression. There is no salary structure, with someone doing the same job earning £40k plus and another just earning £25ish. If you speak up and the managers don't like it you risk getting fired. COVID-19 update: They are forcing people to come to work. Nothing provided in terms of keeping colleagues safe. Working from home option only allowed for people they like. CEO has no clear strategy as to how to drive the company through this pandemic. This company will close its doors as no clear goal and strategies in place makes it a recipe for disaster.

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Step One Finance Response
5y
Thank you for leaving your feedback on Step One and suggestions for improvement. Perhaps more importantly, thank you for your dedication and participating in the company’s growth over such a significant period of time. For the benefit of readers who are not as familiar with Step One, we thought it might be helpful to share some of the growth milestones we achieved over the 5+ years you claim to have worked with the company. Step One was founded in 2010. Over the last 5 years we grew from a small 10-person team to our current size of nearly 40 full time employees. Over the same period, we have also raised institutional funding from some of the largest and most respected investors in the world reflecting their trust in both Step One’s strong management team but also the strength and quality of our overall team. In 2018 we needed to double the size of our office space from 3,000 sqft to 6,000 sqft in order to accommodate all of the new staff we were hiring. On the training side, in addition to utilising online courses for regulatory and other industry related training, in 2015 we introduced financial support for most members of our team who would like to obtain the CEMAP professional qualification, a program which continues today. We have also supported apprenticeship programs in IT, finance and our underwriting departments which facilitated the training of young people new to financial services and provided them with a launch pad for their new careers. Yes, our experienced managers are very hands on. They do not sit in offices away from the team but rather work side by side (with obvious social distancing constraints in the current climate) providing real time feedback and training opportunities for team members of all experience levels. While it is true that smaller companies tend to have reasonably flat organisational structures the company has worked with many members of our team who wanted to broaden their financial services experience through cross training and moving into new departments. As the company grows and moves into new lending markets there will continue to be significant opportunities for members of our team to grow professionally. In response to your COVID-19 update, your comments do not reflect the many steps the company has taken to safeguard our staff. The company follows all recommended government guidance including, but not limited to, social distancing, plexiglass screens between desks, seating reorganisations, hand washing stations and sanitiser, increased frequency of office cleaning, and remote working for staff where operationally feasible. At the time of this posting, the company has not had a single case of COVID-19 in our office since the start of the pandemic and we will always take the safety of our employees very seriously. As a final point of clarification, given the rapid growth of our company, most of our staff have joined in the last 2 - 3 years and there are only a small number of people who have spent more than 5 years with the company. Every single one of those team members with 5+ years of service are still working for Step One. Perhaps you did not work with the company for as long as you claim, but we thank you for your contribution nonetheless
2.0
10 Jun 2019

Low office morale and 'creative' business practises

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Team generally good fun, clean and tidy office, free fruit, free lunch if targets are met

Cons

Awful management, with no clear direction for the business. Very little concern for employee health or wellness. No budget for any improvements to office etc, very petty management stance towards staff

1.0
17 Mar 2023
Recommend
CEO approval
Business outlook

Pros

The staff (excluding Management) are nice, work-life balance is good

Cons

Literally everything else - pay is way below market rates, work is unfulfilling, the CEO has a very short fuse, Management will not treat you as an adult, and if they dont like you, youll get "pushed" out of the company. I saw it happen to several people in my time there - very underhand business practices. There is also no route for progression at all, if you value your career I would avoid working at Step One.

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Glassdoor has 10 Step One Finance reviews submitted anonymously by Step One Finance employees. Read employee reviews and ratings on Glassdoor to decide if Step One Finance is right for you.