Very familial; there are many employees with relatives also working for the company. Can be helpful, but can be excluding at times, just like a normal family.
Support from management
Like any company, some management provides good support, some doesn't.
It is quite an irony that Nexgen attempts to build teamwork, then falls back into interdepartmental rivalry at the wrong times.
Freedom to work independently
Working independently has never been encouraged.
Use to be good most of the time, but growth has brought on some empire-builders who will hide bad news as long as they can. Also, it is not always clear what leadership expects of middle management.
Attitude towards older colleagues
Attitude has changed over the years as next generation family has assumed greater control of operations.
Overall compensation for your work
Nexgen has been forced to acknowledge market compensations, but generally try to avoid paying higher rates. Raises for exempts are tied to countries economic indices. Bonuses are minimal and equity is non-existent. Common for privately held family business.
There has never been an expectation that employees devote their lives to the company, so having plenty of time to live life is available.
I really don't know what the image of Nexgen is to others.
Everyone is "at will" and RIFs are common for non-exempt and exempt.
Working for Nexgen is always a challenge as management is constantly asked to perform with less than common resources.
Inclusive / Diverse
Never noticed any indication of bias or prejudice. Good diversity throughout line, middle management and executive.
Suggestions for improvement
- Allow investment income to allow for increase in resources. At present, all investment is from loans using existing real estate as collateral, which clearly is not enough.
What I like about the company
What I liked about the company was its familial environment and a respect for executives. However, that has changed somewhat as a new generation of the family has assumed more control.
What I dislike about the company
Innovation is discouraged. The only thing that seems to drive acceptance or development of new technologies or processes is government regulation.