TransferWise FAQ

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4 English questions out of 4

20 September 2019

What is working from home like at TransferWise?

Pros

Work atmosphere. Motivated colleagues. Freedom to find your niche and work on projects that interest you. Tons of opportunities internally. Annual company wide trip to Estonia. No dress code. Team lunches once per week. Cool office. Very good work/life balance.

Cons

Salary compensation is average to low. This might get offset with other benefits, such as stock options, 23 days PTO, nice work from home policy. Though salary compensation should be reviewed in a better way and more often.

This might get offset with other benefits, such as stock options, 23 days PTO, nice work from home policy.

20 September 2019

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20 September 2019

How is the work/life balance at TransferWise?

Pros

Awesome medical benefits, tight knit work culture, indepence to make your own decisions and path, yearly travel for all positions, free lunch and office foods, dog friendly, great office location with lots of after work life, super work life balance. If you can handle a bit of chaos and misorganization, you will really thrive here, especially if you are a young professional or just out of school.

Cons

Because of the "autonomous teams" concept, there is a lot of inconsistency between teams on internal processes.. "well, that's how that team does it, but we do it THIS way", it provides an inconsistent experience for customers and employees. There is a pay cap after a certain amount of time working here. You are not rewarded for side projects or extra responsibilities, you will get paid the same as another person on your team with zero side projects. The pay is lower than the market average. There is absolutely no overarching framework for handling performance or team issues. There is no office wide QA system or preformance methods, basically youre at the mercy of what the leads determine is important for your team. There are no checks on how leads operate and it feels like there is no one to go to with those concerns. People get fired, and people get afraid. There is no way to know what steps were taken to make that firing decision because it can vary so wildly from lead to lead. I understand that it's a "right to work" state, but there should be some foundation laid down by HR, something like a verbal warning, written warning, improvement plan, then firing if all else fails unless it is some UNFORGIVABLE offense.

Advice to Management

Right now, the people who truly care about this company feel a sense of powerlessness in their position, and have lost the confidence to drive the independent decisions that built this company from the ground up. Now that we have grown so large, give that power back to them and quell their fears by creating a standardized performance process for each department. We spend a lot of time and energy finding the right people to hire, innovators, creators, and people who can handle the chaos if this type of "revolution". But if you don't lay down some sort of groundwork people can have confidence in, those smart, innovate people are afraid to act, and it ends of just being a waste for everyone involved Pay people what they are worth, young people have a tendency of accepting lower pay for a great opportunity, but that will not last forever and will sincerely damage your retention rates

Awesome medical benefits, tight knit work culture, indepence to make your own decisions and path, yearly travel for all positions, free lunch and office foods, dog friendly, great office location with lots of after work life, super work life balance.

20 September 2019

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20 September 2019

What is overtime like at TransferWise?

Pros

My colleagues are amazing! As a newbie, everyone really made me feel welcomed and are constantly helping me out. I love that TransferWise has built this culture that allows us to work with confidence. Love working for a company that actually cares about me.

Cons

Part time is not available, which would be awesome if there was such option.

Part time is not available, which would be awesome if there was such option.

20 September 2019

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25 September 2019

How are flexible working hours at TransferWise?

Pros

Visionary and inspirational CEO. Lots of flexibility and trust. Great community and awesome perks. Surrounded by smart and talented people.

Cons

Salary is below market rate but the benefits and stock options make it a good option Autonomous teams can leave me feeling like there's a lack of structure and support

Advice to Management

OKRs

Lots of flexibility and trust.

25 September 2019

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4 English questions out of 4