- Bel Fuse Inc04.Mar 2019
Suggestions for improvement
- I think the company would benefit immensely from the addition of a HR professional in the C Suite. At a minimum, basic management concepts ought to be implemented.
What I like about the company
I was on the staff of the corporate HQ which is located in NJ, but was based at a site in PA. Some of my colleagues are outstanding people and competent workers, and I enjoyed working with them very much. I cannot say the same about senior management. The CEO, with a degree totally unrelated to business or management, got his job by being the son of the founder. He is capricious in his interactions with employees and especially with raises and bonuses, neither of which are based on performance. Pay is completely discretionary. There are no budgets, no employee performance evaluations, no goals by which to achieve your bonus. Top corporate management is overwhelmingly white and male, with rare exceptions, however at remote locations this is not necessarily true. This is a family business masquerading as a global well-run public corporation. Long-time employees, many of whom are completely incompetent (I hate to say such a thing but it is true), are considered "family" and remain on the payroll. Working there was very good early on, until I discovered the truth about how the company is run. Also, when the company began expanding rapidly through acquisitions, things deteriorated rapidly. Their acquisition processes are a separate debacle, too much to describe here.
What I dislike about the company
The biggest issue, in my opinion, is that there is no objective standard by which employees are judged, nor are there objective criteria for achieving bonuses. Everything depends on whether the CEO likes you or not, as well as his mood at bonus time. One cannot tell whether one is meeting expectations or about to be fired. I struggled with this environment for 7 years, hoping to influence some change, to no avail. Finally, the CEO, who praised me highly and seemed to value my input for the first five years or so, began ignoring me entirely. By this I mean he would not even say hello to me when we met. I was completely sidelined. I do not know what led to this, even after much inquiry. I suspect it was my pointing out the flaws in evaluation of employee performance. I finally retired at age 56 because I couldn't take it any longer.
The following benefits were offered to me
- CompanyBel Fuse Inc
- CityGlen Rock
- Are you a Current or Former Employee?Former employee