Senior Management and misleading culture let the team down - Sales Contractbook Employee Review

2.0
20 Nov 2023
Recommend
CEO approval
Business outlook

Pros

The best part about Contractbook is the people (outside of management). Good coffee machine Good office location Nice office Some cute dogs Annual meetups

Cons

- The most damaging con is accountability from management. Far too often the companies failures are pinned on the sales team. Those making decisions do not admit bad decisions and instead put all the responsibility on the sales team. Yet expect the sales team (new business and CS) to come in day in day out motivated and ready to go. - Arrogance from management. For some reason, management are under the impression that staff should be grateful for a job at Contractbook, rather than them being grateful for their employees. Because of this, personal development is just non existent. The only time people are promoted is to fight fires and to ultimately shut people up. There is always talk of a personal development plan, but it never exists. Too many talented people left because they were not looked after. Or unfortunately, promoted to positions they are unqualified for and then inevitably fall short of expectations and end up being fired. Create a progression program that motivates people to do better and provide the training and support to get them there. - Poor decision making, especially with leadership hires. There have been a number of sales leaders that are either unqualified professionally or culturally (sometimes both), for a long time at Contractbook. With each new leader comes a new playbook that on paper 'works' but is ultimately another excuse to get rid of 'under performing' members of the team, and to deflect from the businesess true failures. Rather than focusing on improving the parts of the platform and sales organisation that is below par they waste money hiring new leaders that are going to 'fix' the sales team. When that fails, the process is simple, fire the leader and the staff that management don't like and go again! At this stage of the business, the focus should be on training the sales team - not expecting people to come in and work miracles. Salespeople are given 1 month before they are expected to hit the same results as veterans of the salesteam, how does that work? This ultimately comes down to the fact that the new sales leader is always desperate to prove themselves and demands results immediately from the team in order to look good. Rather than taking a step back and evaluating what is missing and going wrong, the approach is do more output 'so at least it looks like we are trying'. Time is valuable of course, but there's greater value in actually working out meaningful solutions then there is hoping the new sales leader will miracously fix everything. The platform is not advanced enough to compete at the desired level. The price of the platform puts them on the same level as the elites in the CLM space, but the platforms functionality is comparable to SMB CLM service providers. This means that the team have to fight for those companies that can't quite afford the big players, but want something that is better than an entry level CLM tool, which often means Contractbook are too easily priced out the conversation, because they have big player pricing but entry level functionality. This position of market limbo inaccurately inflates marketings numbers since they get leads from SMBs and Enterprise, and ultimately just makes the salesteam look bad when the conversion rate is so low. - Unrealistic targets. Hitting target at Contractbook does not happen across the entire salesteam. From SDR to AE to CS, the targets are simply unattainable. This unfortunately fosters a losing culture. People know they won't hit target so it's just about doing as good as you can and celebrating quietly as you'll be questioned for celebrating when you haven't hit target. Make targets achievable to get that winning spirit back and get people excited to fight! - People are not listened to. Even when the company ask for feedback, they do nothing with the feedback and carry on with what they believe is right. This is a problem across every department; they pretend to be interested in people's thoughts and feedback but just never act on it. This means change for the better is very rare. The vision that got the company Seed A/B was great, but its not enough anymore, listen to the people that know what they are talking about so the company can actually improve. If you don't want to listen, don't ask for feedback. - Misleading and inaccurate culture. People talk about the culture at Contractbook like its amazing, but there isn't really any culture anymore. The culture is free drinks occasionally on a Friday, lots of merch for people to post on LinkedIn and the annual meetups. The meetups are the best part of the companies culture as it brings everyone together with a range of activities and exercises to get to know each other better. Take parts of the meetup and put that into the everyday culture, not just the drinking and merch. Remote work/Hybrid work is just no longer accurate for the salesteam. Jobs are advertised as Hyrbid (like it is for the rest of the company), but it is not hybrid for the salesteam. You are expected to be at the office everyday despite it being advertised as hybrid. The company are advocates for remote/hybrid work unless you're in the salesteam which is quite disappointing for new people joining sales.

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Contractbook Response
2y
Hello 👋 We deeply appreciate your taking the time to share your experiences and reflections on your time with Contractbook. Your detailed and thoughtful assessment of various aspects of your tenure is invaluable to us, and it gives us a meaningful opportunity to address the points you've raised. To begin with, it's heartening to know that you found the team environment, our office location and facilities, and our annual meetups to your liking. These are aspects of our culture in which we take immense pride and are committed to continually enhancing and preserving. Regarding your concerns about management and the sales team, we recognise that steering a dynamic and growing company like Contractbook involves its share of challenges. The accountability issues you pointed out were certainly not meant to undermine the significant hard work and dedication of our sales team. Indeed, the contributions and efforts of our team are pivotal to our success, and the value of each team member's commitment and skill is something we deeply recognise and cherish. In terms of the perceived management attitude, we are steadfast in our commitment to cultivating a culture of mutual respect and appreciation. We believe strongly that each individual in our team, irrespective of their role, makes significant contributions to our collective success. It is our ongoing mission to create an environment where each person feels genuinely valued and recognised for their contributions. If you’d like to bring something to our attention in a confidential manner regarding one of our current managers, please email people@contractbook.com In this regard, we maintain an open-door policy, encouraging every team member to freely share their insights, concerns, and suggestions. This approach not only fosters transparency but also allows us to address any potential issues proactively and constructively. We are dedicated to continuous improvement, both in our managerial practices and in the overall workplace environment. We’d also like to let you know that efforts have been made to enhance clarity and communication around job roles and expectations, particularly within the sales team. The updated working model, including expectations and targets, is now communicated with greater transparency during the recruitment process and is clearly outlined by all sales managers, that people in our sales department are expected to work from the office 4-5 days per week as the norm. This approach is designed to align our team members' understanding of their roles and responsibilities right from the start. We’re sorry if this wasn’t communicated well enough. In light of evolving macroeconomic conditions, we have reevaluated and adjusted our sales targets. These changes are part of our concerted effort to establish realistic and attainable objectives, which align with both the company's overarching goals and the individual capabilities of our team members. We understand the importance of having achievable targets that maintain team motivation and foster a sense of achievement. The strategy of our sales leadership is in a continuous state of adaptation, responding to both market needs and internal feedback. We are dedicated to making decisions that best serve the interests of both our team and the broader company, balancing the necessity for immediate results with the pursuit of long-term, sustainable growth. Finally, the feedback from all our team members is incredibly valuable to us, and we are wholeheartedly committed to integrating this feedback into our continuous improvement and growth strategies. Actively listening to and acting on feedback is essential to our success. We regret to hear that some aspects of your experience did not align with your expectations. Please be assured that we are in a constant state of learning and evolution, and your feedback is a crucial component of this journey. We wish you the very best in your future endeavours and are sincerely thankful for the dedication and effort you contributed to Contractbook. Best regards, People Team

Explore other reviews about Contractbook

5.0
13 Oct 2022
Recommend
CEO approval
Business outlook

Pros

- The people are amazing - The product is fantastic - International company means a diverse team and you'll learn so much about other cultures - Lots of opportunities to try new things and stretch outside your comfort zone

Cons

- Scale-ups can be exhausting if you're not good at setting boundaries - International company means sometimes you need to meet at odd hours (but schedules are flexible so it all works out! Just takes some getting used to)

3
2.0
26 Jan 2024
Recommend
CEO approval
Business outlook

Pros

Great people work within the company, outside of management of course. Relatively attractive tool

Cons

Extremely unprofessional decision-making from the leadership team: Made changes to process, pricing, and contract clauses without any explanation to the team which KILLED deals because of lack of transparency and the sales team not knowing how to accurately explain. All-hands meetings are completely ridiculous. CEO eventually didn't attend them or was off camera for most of them and didn't participate. No career progression at all, not any. Leadership never fixed any real problems and their simple solution was always just to eliminate the workers that they had, especially some extremely talented ones. Continuous lay-offs in the most of unprofessional ways. ZERO Market Fit. The Leadership team decided to move upmarket, which priced CB out for SMB tools as too expensive (PandaDoc, ContractSafe, Concord) and was severally lacking features against Enterprise tools (LinkSquares, Ironclad). The sales team continuously loses deals because of this. The only way the sales team would win deals is by hoping prospects wouldn't carefully research other vendors (Juro). Awful adoption rate for new customers, CS did everything it could and always received MAJOR blame. Sales Targets were nowhere near realistic. Product/Management never listened to Sales Feedback. The market needed several features and items that were extremely consistent across EU & NA markets The US team operated more efficiently and was more successful than the EU team and they only had 10 individuals.

5
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Contractbook Response
2y
Hello, Thank you for your candid feedback. Your detailed observations help us address areas where we can do better. First, we would like to acknowledge the concerns raised about the decision-making process within our leadership team. We understand that process changes, pricing, and contract clauses can impact our team’s performance and client relationships. We commit to improving transparency and communication to ensure all team members are well-informed and equipped to handle these changes effectively. About the format and engagement in our all-hands meetings, we want you to know that we recognise the importance of these sessions for team alignment and communication. We’re taking steps to enhance the structure and participation in these meetings, ensuring they are valuable and engaging for everyone involved. We’re sorry to hear that you felt there were no opportunities for career progression. We’re reviewing our current approach to ensure that it aligns with the aspirations and potential of our team members. The feedback on our market positioning and product offerings is precious. We understand that a misalignment in market fit can create challenges for our sales team. We’re re-evaluating our market strategy and product development to better align with customer needs and competitive positioning. This includes thoroughly analysing our pricing strategy and feature set compared to SMB and enterprise competitors. We also recognise the crucial role of our customer success team and regret that they have felt unduly blamed. We are committed to fostering a culture where every team member’s efforts are acknowledged and appreciated, and we will address any issues in this area. As for the suggestion to bring in new management, we’re open to evaluating our leadership structure. We will make necessary changes to ensure we have the right people in the correct positions to lead us forward. Your feedback about the performance of our U.S. team compared to our EU team is an interesting observation, and we will look into the practices and strategies that might be contributing to this difference. We are dedicated to creating an environment where every team member feels heard, valued, and empowered to contribute to our success. Your feedback is a vital part of this process. We encourage you to contact our People Team if you’d like to discuss your experiences and suggestions in more detail. Thank you again for your honesty! Best regards, People Team
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