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Regional Economic Models

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Regional Economic Models Reviews

2.9

35% would recommend to a friend

(61 total reviews)

Frederick Treyz

30% approve of CEO

33% positive business outlook

Regional Economic Models has an employee rating of 2.9 out of 5 stars, based on 61 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Regional Economic Models employee rating is 22% below average for employers within the Media and communication industry (3.7 stars).

Reviews by job title

61 reviews
1.0
25 Nov 2014
Recommend
CEO approval
Business outlook

Pros

There is nothing remotely positive about this ultimately unnecessary company when compared to the immense onslaught of negatives.

Cons

I honestly don't know where to even start the discussion of cons here, so I guess I'll just start from the beginning of your potential start at REMI. When you begin, you'll be unknowingly thrown into a weird competition with other people you started with and quickly realize that there aren't as many jobs to go around for all of the new hires. It's basically Office Space meets Hunger Games. This would be bad enough if they only hired local college grads, but they like to ship people in from all over the United States to unknowingly compete for a job they had been led to believe they were already given. If you happen to be one of the few who make it past the initial reaping, you'll be subjected to nonstop harassment and insults until the day you quit or get fired. Management will taunt you, belittle you in front of your coworkers, threaten to not let you eat, blatantly gossip about you to your coworkers directly in front of you...the list really goes on and on. Your job title will probably be some form of "economist," but make no mistake, you won't be doing a shred of economic analysis. No, your days will be spent randomly cold calling regional bureaucrats throughout the United States who have next to no interest in actually talking to you, all while trying to get them to attend some seminar in scenic Hartford or Sacramento. This is a brutal sales position that borrows more from Al's Used Phones and Radios Definitely Not Stolen From Cars Emporium than McKinsey or an actual respectable firm in the consulting industry. You will receive no training. You will receive no feedback. You won't even really have any idea what you're supposed to be doing. The only reason this company is remotely profitable is that it's one of two firms in the entire United States that participates in this specialized field. This measly profit margin is just big enough to inflate the ego of management, but just small enough to prevent any of it from trickling down to the lower-level associates. Now that I've fleshed out the narrative, I'll just go to bullet points of real things that actually happened while I worked at this company for years. These are all true stories: -Remember that episode of The Office where Michael Scott has to fire somebody, but he is too afraid to and ends up waiting until right before the staff Halloween Party to do it, so everyone just stares glumly at each other in their now entirely inappropriate costumes while fully knowing someone just lost their livelihood? Yeah, this actually happened at REMI my first year there. Literally a shot-for-shot remake. -At our quasi-mandatory Christmas Party, the CEO berated us for not being on the road selling things for him at that exact moment. -Two years ago they decided to fire about 20% of the Amherst office. Instead of just doing it all at once to minimize the pain, management picked one new person to fire every day and spread it out over a full week. This probably sounds like the rant of a disgruntled former employee, but honestly, it's simply my plea to the uninformed out there who may be considering accepting a job at this company. Please, stay away. This company will undoubtedly make your life significantly worse and offers absolutely nothing positive to offset the misery. You'll be misled, lied to, belittled and devalued, and you'll leave the experience with nothing to show but a slightly above average resume boost.

1.0
23 Dec 2014

This is the worst company I've ever worked for

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I can't recommend anything about this company to anyone. Some of the people here are good on their own but overall working here is just an awful experience. I'm glad I left.

Cons

** The CEO of this company has gone around the company telling current employees to write positive Glassdoor reviews in an attempt to "fix" the company's reputation here. ** The CEO trusts no one and micromanages everything, which doesn't work well. He yells at his own people and thinks that this is how you display leadership. He randomly hires handfuls of employees at a time and then starts firing them when he realizes he has too many employees - another review mentioned a Hunger Games style competition for a job you already have and I can back this up, I watched it happen. He charges into meetings with clients and demands more money for no particular reason, and has a habit of barging in at the end of negotiations and ruining the sale. Yelling louder and listening less is a good summary of his style - I've seen him ignore valid points made by other people and just yell his own point louder and louder until everyone else gives up. He also can't see the long-term. If something will make him a million dollars three years from now or a hundred thousand tomorrow, he'll pick the hundred thousand now.He has literally screwed himself and the company out of tens of millions of dollars this way. The rest of the place is a mess. Overall people are just worn down by the CEO. The economists do whatever they want with no repercussions, because management refuses to lay down any sort of discipline besides screaming and firing. The marketing department is largely untrained and has no actual marketing education , so a lot of work comes down to guessing what to do and not having a plan at all. Human resources tries to micromanage almost as much as the CEO and involve themselves in everything even down to IT decisions that have nothing to do with them. The clerical/reception staff is incompetent and has no people skills at all. I don't know why they're the first people you see when you walk in the door. The software development team is largely standoffish and doesn't want to do anything outside their normal work, especially talking to people on the phone or changing established procedures

1.0
20 Sept 2021

Do Not Recommend

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I genuinely cannot say a single positive thing about this company.

Cons

The CEO has risen far beyond his leadership ability in this family company. It's a revolving door with staff - poor interview/hiring process and no focus on personal growth. Do what they want and don't share you opinions and views and you'll be fine. In addition, there are many pay bias. Only pay the sales team competitively - they do not value the other business operations. This company is chaotic to say the least and even a senior leader has admitted to but said they are “desensitized” to it. One leader even said they would’t even want their own kid working here. On that note, there is so company culture. Benefits really aren’t that great esp if you are out of MA. Can’t invest in 401k until after 1 year. Do no receive profit sharing until a year in but even then if you start in February you will have to practically wait 2 years to receive that profit sharing. Furthermore, they have you complete and submit a daily 15 minute increment log of what you did at the end of each week. At REMI you will be taken advantage of, no have clear direction, be micromanaged, and have horrible leadership.

Viewing 1 - 3 of 61 Reviews

Glassdoor has 78 Regional Economic Models reviews submitted anonymously by Regional Economic Models employees. Read employee reviews and ratings on Glassdoor to decide if Regional Economic Models is right for you.