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Purchasing Power, LLC

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Purchasing Power, LLC Reviews

3.8

63% would recommend to a friend

(179 total reviews)
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Trey Loughran

90% approve of CEO

60% positive business outlook

Purchasing Power, LLC has an employee rating of 3.8 out of 5 stars, based on 179 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Purchasing Power, LLC employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

179 reviews
2.0
11 Nov 2021
Recommend
CEO approval
Business outlook

Pros

The company does place a focus on wanting their employees to work hard as well as enjoying the employee perks they offer.

Cons

Summer Fridays are great....if you work in a department that actually allows taking advantage of them. Most departments "Summer Fridays" were only a myth.

1.0
18 Dec 2015

Successful in spite of themselves

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The business they are in, essentially sub-prime credit lending, will continue to grow as long as people as whole continue to manage their finances poorly. Purchasing Power provides a service few want to be in and will benefit from that regardless of what they do.

Cons

They spend a lot of energy on trying to build a culture and it is probably the most toxic environment you'll ever experience in a professional setting and it comes from the top down. Now couple the toxic environment with incompetence and you have recipe for something special. From the CEO falling asleep in meetings to asking everyone to write a their complaints on an index cards so he can read them out loud in a townhall to bad hires at senior levels - every decision is riddled with problems due to the lack of leadership acumen - just because you have been with or started with the company early on, doesn't mean you are qualified to run it. The leadership team either is completely unaware or don't care that their behavior drives most of the problems. There are pockets of good and smart people, but the deck is stacked against them. Essentially, leadership wants people to tow the line and parrot whatever gibberish they want you to say. Get out of line and you won't be around long - It has happened to too many smart and talented people.

1.0
9 Jul 2015
Recommend
CEO approval
Business outlook

Pros

Fun Fridays. Although depending on your department you have so much work to do you'd be looked down on if you attend. But of course the manager attends every week and looks at you crazy if he sees you there.

Cons

Stone age processes, unrealistic expectations like mandatory OT 7 days a week and the do it or else attitude, the manager has no clue on the scope of work and really doesn't seem qualified or experienced, the manager talks down and makes jokes about the team to people in other departments, the manager would sometimes yell at employees on the floor in front of the entire team. HR does nothing about this and takes the manager's side. Even the CEO seemed to have checked out after they did a big layoff of some pretty tenured people across several departments.

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Purchasing Power, LLC Response
10y
Thank you for taking the time to share your feedback regarding your brief tenure at Purchasing Power. Regarding your reference to recent departures from the Company, it is understandable that there would be some confusion from your perspective but rest assured, we do not take employee concerns and comments lightly. While the outcome may not convey this sentiment, should you have similar concerns with your future employers, I encourage you to speak with your HR team and leadership directly about your concerns. While it was difficult to part with 3% of our workforce early in the year, this was the first and only time in our history where we've had to do so. More importantly, this decision was largely driven by technological advancements and process improvement. Thankfully, the outlook for our future is brighter than ever. We wish you all the best in your future endeavors.
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Glassdoor has 201 Purchasing Power, LLC reviews submitted anonymously by Purchasing Power, LLC employees. Read employee reviews and ratings on Glassdoor to decide if Purchasing Power, LLC is right for you.