NASDAQ OMX Group

  www.nasdaqomx.com
Work in HR? Unlock Free Profile

80 Employee Reviews (View Most Recent)

Sort: Rating Date

2 people found this helpful  

Opportunities within the framework of defendable decisions

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Engineer
Current Employee - Engineer

Pros

Opportunities to contribute to interesting projects.

Peers, teams & coworkers that range from average to excellent in skill & personality.

Compensation
- Consists of a base salary with a 5,10,15,20,40% yearly bonus depending on one's position (e.g. associate, professional, senior, director, vp, etc)
- ESPP is available in 6 month intervals at a 15% discount
- Healthcare kicks in immediately rather than after some period (90 day)
- RSUs are granted yearly and vest after 4 years.
- 4% 401k match w/ Vanguard

Cons

As with any large organization, it suffers similar challenges.

- Plenty of turnover and organizational restructuring. Each year titles are renamed, groups are volleyed back and forth between senior managers in the name of "growth" "efficiency" "synergy"

This leads to an unfortunate loss of direction each time a reorganization/management shift occurs in the technology organization. Despite these shifts, the groups and the organizational process/workflow/structure have remained relatively unchanged. The same groups talk to each other to get the same work accomplished. Rather than the Greens talking to the Yellows, it simply shifts to the Oranges talking to the Browns in title only.

It is very similar to the observation that mergers fail due to organizational processes not meshing together.

- A technology company severely incapacitated by the recent corporate culture of defendable decisions since the technology issues of the largest IPO. e.g. "No one ever got fired for hiring IBM."

This has mainly led to the culture comprised of skilled, agile teams, capable of building solutions, to incapable teams that have lost their top talent to turnover. The policies put forth make for a severely demoralizing & demotivating a workforce that's otherwise tremendously capable.

This makes for a fairly oppressive work environment and a structure that engenders mistrust. A small bit of sanity comes from the small alliances that are forged amongst the Romeos & Juliets of groups at odds with each other.

- Senior management is severely disconnected from the ground floor workers as they are incapable of dog-fooding the products & policies they put forth. As many know, an idea does not sell itself, but the hard work and attention to detail make the difference. By pushing policies in the name of leaving a legacy, resume bullet point, or being a yes-man, relationships & respect are broken.

- ADHD inducing distractions. Being an open setup, there's a tremendous lack of ability to focus on a task at hand.

Advice to ManagementAdvice

Bob G asks at group lunches, "What can we do to improve our company?"
When most of the employees are speechless, it's not that there aren't any improvements to make, it's that they are paralyzed from speaking as they don't know where to begin.

- Our salaries reflect that we are a knowledge workforce rather than a labor workforce. The most important competitive advantage of a knowledge workforce is the cultivation and management of that knowledge & critical thinking base. Top talented engineers make great team leads, however are very unlikely to be good managers.

- Stop reorganizing the company. History has shown that war has not been a struggle over territory as much as the battle for a shift in power. As different heads continue to battle for territory, it's a reflection of individuals shifting their priorities from EXCELLENCE to SELF-PRESERVATION. As management's focus shifts to self-preservation, competitive edge is lost as top talent decides that their sanity is more important than the compensation package.

- Focus on building & forging employee relationships rather than relying on top-down edicts of how employees should work. Build a collaborative environment where minds can mesh. Google about the design of the Bell Labs Hallway.

When it comes to fixing problems, there are 2 types of consultants. Ones that are looking to bill you for putting on a show, and ones that understand that the individuals best suited to fixing an organization are the individuals within it. The latter consultant merely facilitates the process of finding the individuals capable of a finding a fix and facilitating that fix.

- Invest in infrastructure and building environments capable of being tested during work hours rather than during the weekends. A burned out employee is incapable of contributing to the knowledge base of the organization as a whole.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

Other reviews for NASDAQ OMX Group

  1. 1 person found this helpful  

    Does it get any worse?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales  in  Chicago, IL (US)
    Former Employee - Sales in Chicago, IL (US)

    Pros

    My colleagues were great to work with.

    Cons

    Unfortunately NASDAQ was the worst company I have ever worked for. It starts at the top and ends with the local sales management (specifically in Chicago). They say you're only as strong as your weakest link and it's quite imperative that the sales managers are destroying what could be a great place to work for.

    Advice to ManagementAdvice

    Just because you're NASDAQ doesn't mean your solutions are ready for the market place. If you want to be competitive, invest in product development and the appropriate resources to support those products. Also, it's 2013 and scare tactics to your employees don't work in this day and age. It only isolates you and make people not want to work for your organization.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Challenges facing the stock market

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good benefits, laid back work environment

    Cons

    Current management is not equipped to handle the challenges facing the market and technology group

    Advice to ManagementAdvice

    Step aside and let the younger folks start running the company

There are newer employer reviews for NASDAQ OMX Group.

Worked for NASDAQ OMX Group? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.