Big Brother and the Lack of Trust: A Beacon Funding Story - Anonymous employee Beacon Funding Employee Review

2.0
30 Oct 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The people that I had the privilege of working with were some of the nicest and most genuine individuals I have ever come across. Those that put the effort into the company, had realistic expectations of the results, and generally understood where the ship was headed seemed to enjoy their time within the organization. The technology that I worked with was cutting edge - always on new emerging technologies and keeping up to date with trade shows, conferences, and learning opportunities. With half of the applications being custom built, and the other half being customized to meet some rigorous demands, the tech stack was always changing and improving. The business model is, generally, without fail. Financing of revenue producing assets will (usually) always lead to customers being able to repay the loans. In the event the loans are not repaid, the aforementioned custom processes can be used to make good on the collateral or loan repayment plan.

Cons

The people that I had the privilege of working for were generally un-trusting and methodical in their review of their employees. Metrics such as keystrokes, computer active time, and vacation time taken were seen as negatives. Meetings were a comical display of cat and mouse to see who can sign in first to get the active hours and keystrokes attributed to their user account. Automated emails, scheduled jobs, and internal phone calls would all help boost your active time. Unfortunately, none of this helped productivity. Near the end of my employment with Beacon Funding, it all became a game. Auto clickers, key stroke generators, and robo-calls to a forwarded cell phone would serve the same purpose as attempting to better the company (in the eyes of management). Reports began to show up centering around active time and keystrokes - which led to meetings about it - which led to terminations. Overtime is encouraged and, potentially swinging this comment to a "Pro", could be be banked to be used as vacation. However, beware of using too much of it for fear of going against the unwritten expectation of 100-200 overtime hours at the end of the year. The more hours worked, the more active time amassed, and the better you look when year-end reviews come around. Now on to the technology. While cutting edge and custom, it is also never changing. This can be seen as a good thing, or a bad thing, but in my experience it seldom worked. The efforts to fix it were often and plenty, and generally could take hours to track down the person that injected one line of code into a functioning product. Source control? Nope. User accounts? Nah. The ability to quickly roll back releases? Kinda? If you want to be a part of the Wild Wild West of putting out fires, the tech stack is for you! And finally the other side of the coin on the business model of financing revenue producing assets. This type of financial services is generally seen as low risk and low investment. Someone wants equipment, searches for it, and applies on their own. These are generally people with a business plan, an idea, and a need for the equipment being financed. Instead, Beacon Funding decided to roll out multiple outbound call centers in various locations across the company. What used to be a low cost, high quality product quickly became a low quality, poorly regulated, and generally distrustful outward appearance. The army of outbound calling agents quickly snowballed into a mass hysteria of keeping people busy, and tracking their performance. In the past, when a system went down, it impacted 10-15 people. Now? 100's of people could be without anything to do while the systems are fixed. This is a key reason to not over complicate and customize your technology stack.

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Beacon Funding Response
7y
This is Samuel Oliva, the CEO of Beacon Funding Corporation. Fortunately, the person who wrote this review does mention many positives offered at our company, which I appreciate. Let me tell you a bit about this former valued employee. We administer an online employment assessment and this employee scored in the top five scores ever attained out of a pool of tens of thousands of other applicants. He is a very smart individual. During his approximate 2.5-year tenure with us, he was exposed to leading edge technology, extensive training, and a great deal of expense was incurred to further his knowledge and his career. This training included, but was not limited to, technical training in Adobe Campaign, Business Analytics, Tableau, Noble Systems calling platform, and Microsoft CRM. He absorbed the technology and training very quickly. I also believe he was destined to make it to top management in our company had he chosen to stay with us. However, he chose to leave us and use this knowledge as a launching pad to further his career somewhere else. I can confidently say he progressed significantly more at our company than he had in his previous three jobs. As a result, I believe his market value increased 2-3x due to his experience at our organization. Not surprisingly, we have had other employees experience this same type of growth and they are still with us. I wish this reviewer the best of luck in achieving a similar transformation at his current job. Over the years, I have had numerous former employees contact me after they left our organization and sincerely thank me for what we taught them while they were with us. I believe that as this particular past employee progresses through his career that he too will someday look back and realize all that he learned, and what great opportunity he had, while with our organization. Thanks for listening.

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High Upside, group work environment, and really cool bosses

Cons

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5.0
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Pros

Beacon Funding has been an incredible place to build my career. I’m given opportunities to use my talents and expand my skills, and the culture truly supports continuous learning. The people I work with are talented, collaborative, and genuinely great to be around. My immediate manager is wonderful—approachable, supportive, and easy to talk to. I appreciate that there’s no micromanagement; I’m trusted with autonomy and given the space to make a meaningful impact. Leadership works hard to foster a strong feedback culture and ensure everyone feels included.

Cons

Some departments can feel a bit siloed at times, and improving cross‑team collaboration would help streamline hand‑offs and overall efficiency.

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