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Rowan Companies

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Low Morale, Increased Workloads, Decreased Benefits and Nepotism - Employee, Corporate Office Rowan Companies Employee Review

2.0
23 May 2018
Recommend
CEO approval
Business outlook

Pros

* I still get a paycheck * A lot of my coworkers are nice people * I've been given a lot of responsibility * There's still some 401(k) match * Employees in senior positions are eligible for annual cash bonuses and stock (RSU) bonuses * "Diversity is a top priority" * Oil prices are finally on the rise, so maybe things will get better... ?

Cons

* The responsibilities increased because I'm now performing additional duties of two other employees who are no longer with Rowan * No title or compensation change accompanied the additional responsibilities * Management and career development are SEVERELY lacking * After 4 years with no pay change, I finally got a small raise this year... only to have it clawed back when the company announced an end to the pension program (5% of pay) AND a reduction in the 401(k) match (now a 5% match instead of 6%) * There are limited opportunities for advancement * The available opportunities tend to be awarded to white men, especially those who have a social or family connection to the (current or former) CEO * Although I believe it's subconscious, there is a bias towards hiring & promoting men. Despite all the talk and goals to the contrary, it doesn't feel like diversity is actually a priority. * Employees in junior technical roles and support staff roles do not qualify for any sort of bonus * We're strongly discouraged from discussing compensation and benefits. Presumably this is because there are massive discrepancies among people in similar positions. * CEO is streamlining the company, but at the cost of employee morale. -Will there be more layoffs? -Will we have more benefits reduced? -Will I ever get considered for a promotion? -Is the guy with the same title & experience as me really making as much money as the anonymous reports on Glassdoor (because I'm making about 35% less than that!)? -Are the rumors about moving to a PTO model accurate (a reduction in total paid days off)?

Explore other reviews about Rowan Companies

5.0
18 Apr 2024
Recommend
CEO approval
Business outlook

Pros

Communication, timeliness, respect, offshore support

Cons

Really no cons to mention at this time.

4.0
2 Feb 2024
Recommend
CEO approval
Business outlook

Pros

Enjoyed the pay and time off

Cons

Dependent on oil prices for career growth

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