Hardly “Purple” - Anonymous employee HealthEquity Inc. Employee Review

2.0
4 Apr 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Generous holiday schedule and PTO allowance. Competitive HSA and 401(k) match.

Cons

The company has ONE priority. Acquire as many competing organizations as possible. Every few months we get an email informing us of a new acquisition. Before we even begin integrating one, they have acquired another. As a result of this, we have a lot of people with a lot of questions, and there are very rarely answers. The company reorganizes teams and leadership every 20 minutes. This makes it incredibly hard to grow within your role and advance, as you report to a new leader constantly. Turnover is higher now than it has ever been, and leadership doesn’t seem to be asking why. If they are asking, then they aren’t listening. Workloads increase more and more every day, yet compensation remains the same. Many of us have worked harder in the last 12 months than ever before, but received a lower review score and raise than we deserved. They tell us every day how much we are appreciated, yet they refuse to invest in us in a manner that would improve our lives. We are set up for failure, and penalized when we don’t succeed. They preach “Be Remarkable” and “Purple Passion” yet our ability to service our clients adequately is becoming impossible. And our clients and partners are noticing. This feels like a sinking ship. In the last 2 years, I haven’t seen anything to give me any optimism that this is a place that I will find a fulfilling career. The benefits are generous, yes. But I dread logging in for work every morning because it feels like every week, a bigger storm is on the horizon. But I’m sure the shareholders are happy as long as we are growing our client volume. Service be damned, we will monopolize this industry.

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HealthEquity Inc. Response
4y
Thanks for your candid review; you seem to be a dedicated part of the team, and we are grateful you took the time to speak up. HealthEquity has experienced a lot of growth, and our leadership is working diligently to continue to make our team member work experience a remarkable one. We will share your review with our leadership team, and we encourage you to share your concerns with your leader or your people business partner whom you can email at people@healthequity.com.

Explore other reviews about HealthEquity Inc.

5.0
2 Jun 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Opportunity to be an owner. The evolution of the strategy is super exciting. AI forward.

Cons

HSAs aren't yet available to all.

5.0
19 May 2026
Recommend
CEO approval
Business outlook

Pros

From the very beginning, the experience felt welcoming, thoughtful, and well organized. The recruitment process was smooth and informative, and every interview felt like a genuine opportunity to have real conversations and build meaningful connections. The team was incredibly supportive throughout both hiring and onboarding, which made the transition feel seamless. A great example of the company’s culture is Trailhead, an experience designed to bring new hires together early on and help them connect, learn, and feel part of the organization right away. It’s clear there is a lot of intention behind how employees are supported, especially when it comes to building connection from day one.

Cons

Still early in my time here, but no major cons to note so far.

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