My experience of 20 years with NOV - M/D Totco - Engineer NOV Employee Review

3.0
26 Apr 2021
Recommend
CEO approval
Business outlook

Pros

Great company across 20+ years of work (pre-2014) but not the same company now (post 2014). Culture largely gone since about 2014, most benefits gone.

Cons

Not the same company it used to be. Seems more a culture of do a little as possible for the employee and anything to boost the corporate bottom line. Took away 401k match in 2020, Took away company retirement 401k contribution (on top of match) in 2020, No bonus in most years since 2014, No raises since 2014. Will lay off employees at the drop of a hat. Medical Insurance cost more and more every year since 2014 and has gotten worse as we look forward to paying more for less every year. As a major self insured corporation, this puts more on the company's bottom line at the expense of the employee. They are largely pushing toward doing away with PPO and providing only the high deductible with HSA account. That basically means you just pay for everything yourself now unless you have some catastrophic event. Medical used to be much much better. That is gone.

Explore other reviews about NOV

5.0
5 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Management, organization, training, room to grow

Cons

Some locations dont have as much room to grow without moving

4.0
17 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Very work/life balance friendly. Very strong benefits package.

Cons

Very Siloed. NOV is the result of over 100 acquisitions and the fractured condition of systems and procedures is evident. Leadership is working on it.

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