***READ*** Think twice before you apply - Anonymous employee Hongkun Employee Review

1.0
13 May 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They will hire anyone who applies.

Cons

-The structure is faulty and lacks organization- the word "management" is merely a suggestion. The young and inexperienced run the show, both equally irrational and uncultivated. Unprofessional, entitled and laughable. Integrity? That’s practically non-existent. -Reports are unsure who to look up to and therefore lack guidance, which influences the overall structure of the company. Hardly any communication, as everything is a secret. Nobody is privy to information even when it’s pertinent to their role. Lying, burning bridges with essential business contacts, unethical and negligent decision making is all happening on a daily basis. Seldom showing up to meetings, lacking basic knowledge of the US real estate market, exaggerating project numbers, making false promises, is common here. Unable to communicate effectively in English, only Chinese candidates are hired. (Sincerely won't even look at resumes that don’t have Chinese names.) This deeply hurts the company from positive progression and hiring qualified talent. -Excessive micro-management: clock-ins/outs, monitoring computers all day, using social media to control one's life 24/7. -Turnover rates are HIGH- one barely has time to learn anyone’s name since people leave once they discover how toxic this environment is. -Shocking financial issues, despite the fancy office. Everything is swept under the rug. No idea where the money is going... none of the projects are built yet... there's no valid or legitimate portfolio of projects to be shown. Obnoxiously throwing money at issues that could have been avoided by making a logical decision in the first place. -Lay-offs are increasingly frequent and severance packages are non-existent. Relentless lay-offs right before Christmas and most recently during the COVID19 crisis, without any package or benefits. Salaries were cut except for the favored ones and monthly payroll was either missed or late during COVID. -FAVORITISM/NEPOTISM to the highest degree. One with connections, most likely a relative- are employed without proper education, experience or merit. They do the bare minimum whilst collecting a decent salary. People buy their way in, i.e. family invests/ has political or business connections. In turn, reliable folks that are an integral part of on-going projects get laid-off, to make space for the inexperienced. -The office culture doesn’t exactly enforce being hardworking or productive, it’s all about taking shortcuts. Bribes with small cash prizes for working the "hardest" are happening all the time. There is zero moral backbone supporting this place. Don’t be fooled by the reviews saying it's all rainbows and team-building, as those reviews were “strategically" written in order to salvage what’s left of their reputation. The only things fueling this place are gossip, nepotism and duplicity. It's incredibly baffling that such a fraudulent establishment can continue operating.

Explore other reviews about Hongkun

5.0
14 Aug 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good as well for this company.

Cons

none to report for this company.

2.0
26 Dec 2019
Recommend
CEO approval
Business outlook

Pros

Overall, Hongkun USA is a good company for those who wish to start a career in real estate development and/or real estate finance. The company determines a person's worth primarily on face value. With that being said, this provides great opportunities for persons lacking in experience, field knowledge, or simply looking to adventure into this field. The company provides a tremendous amount of glamour and "razzle-dazzle" from its headquarter in NYC, and only its headquarter in NYC. The same cannot be said for its other field offices across the nation.

Cons

The company lacks foundation, leadership, and structure. The company is lead by a young couple who has had minuscule exposure to real estate development. It was evident in their general approach to development, how they construct their capital stacks, hiring plan, and the tendencies to over-pay for lands. They boasted having being in the United States for the last 10 years, yet they are unable to produce a portfolio, sensible project, or even worthwhile professional relationships. They have burnt many bridges believing that they can buy their way out, or in - to deals and prestige - very similar to the numerous other China-based developers that have ventured overseas. Unfortunately, it has only caused delays, extra expenditures, mismanaged budgets, and burnt bridges.

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