- Liquidity Services, Inc09.Feb 2016
The company is halfheartedly attempting to create a culture of compliance, but the support from the leadership is largely lip service.
Support from management
Leadership has every excuse in the book for why we are unprofitable, except for the most obvious one - they are failing. Doesn't stop them from rewarding themselves with massive equity packages and cash bonuses though.
Although evidence of teamwork abounds, it is not rewarded by the leadership. Rewards consistently go to those who are ambitious and use others to achieve power and position.
Freedom to work independently
The phrase "better to seek forgiveness than permission" is alive and well and living at this company.
Leadership goes to great lengths to compartmentalize information and keep only the sanctum sanctorum in the know.
Company does a fair job of treating women equally, but they could do better. The treatment is not the same in every business unit. Some are definitely better than others.
Attitude towards older colleagues
Older workers are consistently RIF'd and very few opportunities for advancement are afforded to older workers.
Lip service only. If you want to develop your career, you're mostly on your own.
Overall compensation for your work
Compensation is above average, but there has been a steady chipping away at benefits over the years, and the equity plan is getting to be less and less of an attractive benefit for many employees that were formerly doing quite well under it.
Office / Work Environment
The working conditions are okay.
Certain elements within the company strive to find ways to act on social issues to benefit the company; however, the leadership uses cost-consciousness whenever it doesn't want to commit to something, and ignores cost-consciousness when it is inconvenient.
You have to make your own balance by pushing back, otherwise the managers will continue to try and get more and more out of you.
Although the company has great potential, it has squandered much opportunity by focusing on one-hit wonders and technology deus ex machinas instead of consistently focusing on customer satisfaction.
Used to be great, but in the past two years there have been a few RIFs, which makes job security seem like less of a sure thing.
The leadership says it is focused on safety, but nobody's performance (outside of the safety department) is measured in terms of safety outcomes.
This ain't rocket science, and all the interesting work goes to the in-crowd.
Inclusive / Diverse
The leadership is somewhat diverse, but they lean heavily on pedigrees, and tend to push out older workers in favor of younger (cheaper) labor.
Suggestions for improvement
- The leadership needs to get out in the field and find out what people are doing instead of meeting with clients for photo opps and with other company leaders for wagon circling exercises. Stop elevating people just because they have good organizational skills, and start promoting people with vision and imagination.
What I like about the company
The company has the potential to revolutionize the reverse supply chain for major companies and government agencies.
What I dislike about the company
The leadership consistently backs the wrong horse in terms of growth opportunities, resulting on lost opportunities and a growing lack of confidence among the rank and file. In spite of two plus years of stock price decline, there is very little accountability among the company leadership. Cash bonuses and equity payouts for leaders continues soar while the rank and file are cut in round after round of layoffs that do not address the core problems within the organization.
The following benefits were offered to me
- CompanyLiquidity Services, Inc
- CityWashington, D.C.
- Are you a Current or Former Employee?n/a