Be Cautious - Anonymous employee On Q Financial Employee Review

2.0
3 Sept 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

On Q was a good company that was up and coming in the lending market. Ever since the CFO has taken over as COO, On Q has gone downhill. The CFO is not user friendly. The CFO is always beating up employees by turning them against their managers/supervisors. He tries to get us to turn on the manager so he can replace them. The CFO is all about the employees finding ways to reduce cost. After you have found ways to save cost he still beats you up to get cost even further lower. On Q does not hire the best. They hire employees who they can pay less than the best. On Q has extremely high turnover. They will hire and then layoff or Term employees. The CFO and Owner John so much as let employees go that they could go out and buy new high dollar cars instead of reinvesting in company success. I will be leaving soon. This company I feel is hurting for money, more so when employee turnover is so high. And the turnover has nothing to do with the “industry” standard. Also John needs to show up more to work and manage his company.

Cons

Working here has been really good until the last year. Other than that the company has some pretty good employees working there. They do have some fringe benefits that are cool. Free lunch at end of month. the standard benefits are pretty good.

avatar
On Q Financial Response
7y
We appreciate your feedback and take the employee experience very seriously. Based on your feedback, it sounds as if you were happy with On Q until fairly recently so we’re sorry to hear that you will be leaving. Both the CEO and the CFO (On Q does not have a COO) have an open door policy and would have certainly accommodated a conversation to hear your challenges. It may have even given them an opportunity to explain some of your perceptions regarding company cost and turnover as they both take every opportunity to educate employees on the business. Because the employees at On Q are of highest priority, we would encourage you to reach out to OnQlistens@onqfinancial.com with any specific information you would like to offer to improve the employee experience for others. Best of luck to you!

Explore other reviews about On Q Financial

5.0
24 Mar 2024
Recommend
CEO approval
Business outlook

Pros

- Family feel - Not a huge company

Cons

Underwriting was sometimes tough; they would miss items in the file quite often.

1.0
6 Jun 2024
Recommend
CEO approval
Business outlook

Pros

The rates were competitive. Two or three support staff members were decent.

Cons

Managers did not care. Why? They found managers who were TEMU managers-- sloppy, busy, distracted, and superficially impressive. I was told I would get my old office when I joined. I joined and found out that I was told a lie after several weeks of emails and phone calls. I worked from home and struggled to find a solution. I was forced to find a monthly shoebox office... that they hardly wanted to finance. To make matters worse, the CEO was insulting to the landlord and forced them to modify the lease. They still use the EMPTY office today to pretend that they offer services in my state. Insurance is back-alley insurance that leaves you barely insured. PAY. They find clever ways to avoid paying you if you leave too early. Culture. They have a reputation in the industry now. No morals. No loyalty to employees. Disagree...and you will be blacklisted. Not in the in-crowd... and you will get no support. Database. They have desperate loan officers call your book of business when you leave, and the loan officers fake an association to the client.

See reviews by: Helpful|Rating|Date|All