Daimler Financial Services "asians" Reviews | Glassdoor.co.in

Daimler Financial Services Employee Reviews about "asians"

Updated 3 Aug 2019

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3.6
68%
Recommend to a Friend
76%
Approve of CEO
Daimler Financial Services Chairman Klaus Entenmann
Klaus Entenmann
47 Ratings
Pros
Cons
  • "A bit slow decision making process(in 4 reviews)

  • "different treatment for relocation and promotion based on nationality (Asians relocating on local package, Whites relocating on expat package)(in 3 reviews)

More Pros and Cons

Reviews about "asians"

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  1. Helpful (2)

    "Nepotism at its best"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Daimler Financial Services full-time for more than 8 years

    Pros

    9-6pm. Job security HR pays salaries on time

    Cons

    Promotions are never based on competency and capabilities but given on who you know / married to/ relative of or your network Huge contrast in salary and opportunities between Asian vs German. Relocation for Asians are very different from Germans - germans get expat package at the same level with everything provided for, but Asians usually get local packages (where we have to pay for our own housing etc overseas) Extremely political within teams and inter department- most of my time is spent on dealing with politics than the actual work itself (projects are usually delayed due to politics Leading to higher unnecessary costs incurred) Most of the senior managers are not highly capable nor do they focus on their people - they’re busy politicking their way up. Toxic culture. Poor leadership Strategy of “ best fit” (restructuring to cut down on opex) is hypocritical - what is best fit only applies when it’s convenient to senior managers (example, the strategy was to remove expat cost and to hire locals, however when they had to cut a role in a department and it was between a German and a local, they let the local go) and yet they are still hiring expats (who happen to be a senior managers husband/ wife / niece / relative ) on another hand Strategy to reduce cost is also hypocritical - less training and travel for lower level employees but for senior managers they still spend as per normal

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    Advice to Management

    1. Less politics will lead to less costs incurred and maybe they won’t have to let locals go 2. Learn from other companies mistakes - strategy focusing on reducing costs usually lead to the downfall of the company 3. Practice what you preach 4. Have a clear strategy - your “balanced strategy” initiative that was launched 3 years ago - you still aren’t able to explain how we can get there clearly

    Daimler Financial Services2019-08-03
  2. Helpful (1)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Daimler Financial Services full-time

    Pros

    DFS is a definitely great place to work. Invest a lot in people. Appreciate the people. There is clear development path.

    Cons

    Promotion *could* be political. Certain career level might not be open to Asian.

    Daimler Financial Services2019-03-26
  3. "poor management team, different treatment based on nationality"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Beijing, Beijing
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at Daimler Financial Services full-time

    Pros

    car benefit above manager level

    Cons

    different treatment for relocation and promotion based on nationality (Asians relocating on local package, Whites relocating on expat package) Poor management team - most E4s managing teams with lack of direction and ability to lead. Lack of opportunities - promotions are based on who you know in management team, and networking Great place to work does not exist outside of the US and head offices

    Advice to Management

    Diversity should not be based on a non-German being able to speak German. Diversity should be embracing individuals Learn to focus on talent development

    Daimler Financial Services2016-06-07
Found 3 reviews