Sourcepoint - In-depthlook - Recensione dipendente - Dipendente anonimo presso Sourcepoint

1,0
20 mar 2019
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Honestly, nothing that I can think of during my time there from an employee perspective. But Executive leadership is smart, task oriented and extremely pushy and will not hesitate to squeeze the life out of you to meet their targets. Their sales team and delivery teams are agressive and this has helped the organisation to retain some agressive and tricky clients who were not retained by their competitors. So a strong and demanding leadership based out of US is a plus for the organisation. Most of them are licensed and domain experts is an added advantage.

Svantaggi

Offshore team is a sweat shop, expect no mercy. You constantly see hiring and firing to keep the P & L under control. Ramp up plans are always set agressive / unrealistic to please the client. Challenge is the lead time it would take to ramp up and upscale resources and have them ready for production. Getting systems and seats and user ID's take a lot of time, which puts offshore leaders responsible for service delivery in a spot. Your onshore leadership will redirect all escalations to offshore and will paint the offshore a villain. All this puts teams under tremendous pressure, working overtime and working during weekend is a given, expect no work life balance. Special incentive is a farce and when you compare the money spend on onshore employees against offshore, it tells you the real story. There are some onshore employees who are close to the US CEO and hence even directors tread carefully dealing with them and full brunt of the ire is faced by offshore leaders. Career progression was a problem and many capable leaders left. Worst thing I found was lack of integrity from some of the Sr leaders , if you are not a yes man/woman, they will turn the tables on you. Expectations are always unrealistic and all they care about is numbers, everything else is a sham. Best decision I took after many years was to resign.

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Risposta di Sourcepoint
7y
Thank you for taking the time to provide such a lengthy review. However, it contains assertions that simply are incorrect, and so we’d like to provide a fact based response. We recognize we have much work to do to become the employer we aspire to be – but the good news is the majority of our employees enjoy working here, we have excellent tenure and we have grown consistently and aggressively over the past three years. 1) Growth Versus Peers. You are correct – over the past three years we have more than doubled our headcount and revenue, while expanding our profitability 3,800 basis points. No other sizeable mortgage solutions/services provider has done this during these last three years. We have accomplished this because of a well thought out strategy, great clients and a very strong team of many dedicated, passionate and loyal employees. We are proud of what we have accomplished and believe it is just the first part of a long and very exciting journey. 2) Hirings & Firings. Given we have grown by over 1,200 employees in three years, of course there has been a lot of hiring. However, our annualized attrition in India for CY18 was less than 25% voluntary, which is industry leading. And our involuntary attrition for India for CY18 was less than 1%. In other words, people really enjoy working with us, and us firing someone is extremely rare. 3) Growth Opportunities. Given our fast growth, almost all of our leaders have grown up from within the system. We believe a good and healthy balance is to hire 75% of our leaders from within and 25% of our leaders externally. Over the past year, we’ve been closer to 40% internal and 60% external, part of this was 41% year-over-year growth. Going forward, we expect to be closer to the 75% internal promotions target. Three of our five executive team members have been with the company for 8+ years and have been promoted two or more times during their tenure to their current role. This statistic is even truer for our senior management team. To sum this up – there are incredible growth opportunities for people who join us, who are committed, and who want to take the next step in their career. 4) Onshore & Offshore. About half of our senior operations leaders in the U.S. started their career in India and we believe this gives us a great balance into how to run an operation that spans 24/7 and three countries around the world. We are routinely complimented by clients that our integrated hybrid model is the best they’ve seen from a partner. 5) Aggressive Ramps & Expectations. Our business is in the U.S. mortgage industry. This industry is inherently a volatile, cyclical and seasonal industry. We have built our business in a way that ensures we are always able to find other roles for people when the market and/or our clients change on a dime. It’s that ability to support our clients in all environments that helps us grow and be viewed as a true partner of choice relative to our competitors. We are always thinking how we can insulate our employees from as much of the market forces as possible and we are always looking for ways – technology and otherwise – to do more of this. 6) Yes Men & Women. Anyone who has been in our senior leadership meetings wouldn’t recognize this accusation. We robustly debate, disagree and challenge each other and ultimately it results in a better outcome. Anyone who just says yes wouldn’t last long here. What we look for are creative problem solvers who have the self-confidence and capability to commit and deliver. Ultimately, we recognize we aren’t for everyone. But we are always working to get better. Better as a partner for our clients, and better as an employer for our employees. And, as we mentioned, we do have involuntary attrition of about 1% per year because we recognize that not only are we not the right fit for everyone, everyone is not the right fit for us. We wish you the very best in your next role and appreciate you taking the time to share your view.

Esplora altre recensioni su Sourcepoint

5,0
29 mag 2025
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Position allowed me to work remotely

Svantaggi

There were a lot of personnel changes

4,0
15 mag 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Decent pay, and nice coworkers.

Svantaggi

Very little direction or time to learn the role.

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