"Arrow Electronics Again Tops Industry Ranking in FORTUNE’s World’s Most Admired Companies List 2020"
Who are they surveying with this list, because it is certainly NOT anybody that works at Arrow.
For a company that moved its headquarters to Colorado in 2011 one would think the executive team would have addressed the massive increase in the cost of living in the state in the last nine years. That is not the case with Arrow. The corporate offices are in one of the most expensive states to live, and while executives are able to live here easily, regular employees are living paycheck to paycheck and working multiple jobs just to keep a roof over their head. Questions regarding this directly to the CFO have been met with uncomfortable laughter and the direction to go to HR. What may have been considered "competitive" pay 15 years ago is now entry level for this industry, even in the most rural parts of the country; yet is still being utilized company-wide. Calls and emails praising the company and employees for "record profits year over year" and massive seven-figure bonuses to the CEO and top executive team are mirrored with no raises and the thought of a bonus laughable to everyone below.
But hey, you can wear jeans for an extra day next week, great work.
Even a standard cost of living raise is non-existent. While rent prices can so much as double year over year, salary remains stagnant. If you are one of the few who finds an internal promotion that somehow isn't a "lateral" movement in salary, the most you can expect to see is a 5% increase on average. Wage negotiation does not exist and is considered an insult to the hiring managers, you are offered what you are offered, take it or leave it.
If you live in the Denver Metro area you are guaranteed to have seen the Arrow logo somewhere. The money spent on advertising and marketing to establish brand recognition is astonishing, yet brand recognition does nothing if nobody knows what the company does. They are advertising a useless, unexplainable brand at the zoo, baseball and football games, Indy cars, etc. The common person does not shop at Arrow. The common person, if intrigued by the brand somewhere, will google the company and realize it means nothing to them, close their browser and move on with their life. The company is so focused on putting its name on everything that it fails to understand "Five Years Out" is a useless attempt at a buzz phrase that not even the executives can explain in ten words or less, much less non-employees even understand the meaning behind it.
Employees are expected to take mandatory ethics courses quarterly, oftentimes the courses themselves are amusing as you run through the examples of ethics violations and try to find one that you haven't been asked to do, or witnessed personally. Arrow may preach ethics standards, but they certainly do not practice it internally. "So-and-so said this needs to be done, get it done" usually with "so-and-so" being a VP or higher, we are expected to comply. Any questions are first met with assurance that it's ok because it came from VP so and so, that it will "be correct on the back-end", followed then by hostility. Managers and above have been known to retaliate against defiance, some even with records in HR stating employees feel retaliated against, but they remain employed as of the time I left. The fear of retaliation is so strong that many employees, in my experience, would rather proceed with questionable behavior than raise an issue among their direct management or within HR itself. HR is a resource to protect the company, not the employees. What used to be dedicated HR personnel is now a generic inbox. In my time I had no less than a dozen different HR contacts assigned to myself and my group, until the turnaround became so great a generic HRconnect email was created.
Not everything used to be like this. This used to be a fun company to work for, I used to be proud to say I worked for Arrow, one of Colorado's largest employers. Halloween used to be a very big deal, where the entire night before and day of was dedicated to groups decorating (oftentimes extremely elaborate - the pirate ship?) entire sections of the building to the point where it is unrecognizable as an office. Employees were heavily encouraged to bring their families and children through the buildings in the early afternoon to see the decorations and trick-or-treat through the cubicles and offices. It was something that everyone looked forward to. The last few years have been either "No decorations" or the day before "you can decorate if you like". No elaborate displays, very few children coming through, it has lost the magic and nobody at the top seems concerned to bring it back. Every year each department would have a large holiday party (think typical corporate event: Hotel, food, drinks, raffles... a fun holiday party where spouses were more than welcome). The only ones that are held anymore and strictly for executives, if any department wishes to do something it now comes from the pockets of the directors and middle management, nothing Arrow sponsored for the lesser employees exists. I don't know what is worse, being a more recent employee and never having experience the "fun" side of Arrow, or having experienced that and watching it devolve into a soulless corporate office over the last few years.
Arrow used to hold an extremely competitive benefits package. I guess it still does if you're an executive ($6,000,015 in equity awarded to the CEO last year). We had sabbaticals. We had stock provided to us after a year. We were part of the company. These were taken away without an explanation. Even the tenured employees weren't grandfathered in to the sabbatical program. Healthcare used to be decent, expensive but provided adequate coverage. Then around 2014 they switched to "high deductible" plans across the board. Now nobody I know of goes to the doctor unless they absolutely must. Nobody can afford to pay the monthly dues, on top of thousands of dollars for their deductible, just for their insurance to finally start chipping in. It's cheaper for Arrow though, bonus.
*********COVID-19 RESPONSE***********
I have seen a lot of reviews showing up after Arrow decided to show how much their employees matter in response to the COVID-19 pandemic. They are true. All of them. Given the choice, the CEO would have kept the offices open and at full capacity throughout this entire crisis. Luckily, 100% of the employees at the corporate offices have the capability to work remote, so when the state ordered offices to be temporarily shut down, Arrow had to comply. However production did not miss a beat, because of the aforementioned ability of remote working.
However.
As soon as the state order was to be lifted, emails were sent out saying employees are to return to work the day the order is lifted. Arrow Electronics is headquartered in Arapahoe County. Arapahoe County pushed the closure out another week, from May 11th to May 18th. Arrow was then self-declared an "essential business" (???) and therefore should not be held to the standards of the lockdown...even though, as stated before, all employees had been working remote the prior month and a half. The date of reopening Arrow was pushed out another week, most likely due to an order from the health department, and further measures were to be taken to ensure "employee safety and corporate compliance". May 18th, expected to have 50% of employees returned to the office, unless you had a medical or caretaking exception. On June 1st, those exceptions expired and any further exceptions became more strict. If you had a child with no school or summer care due to COVID-19 closures, that was no longer a reason for you not to be in the office. If you lived with people who were high risk, that was no longer a reason to work remote. Unless you had a signed doctor's note, on a specific form derived from Arrow, you had no excuse and must return to the office. Working remote was no longer to be an option every week; in compliance with the minimum state orders, the return was to be 50% of the time...every other week. Badges were to be scanned and monitored to ensure everyone had returned to the office. Everyone, that is, except for the executive team. Their top level floor is off limits to regular employees so nobody knows for sure if they have been in or not. Should probably monitor their badges too.
Arrow's competitor, Avnet? Their employees are continuing to work remotely through the rest of the year. Mouser? Working remote for the rest of the year. Digikey? Remote for the rest of the year.
Avnet cares about their employees and their community. Mouser cares about their employees and their community. Digikey cares about their employees and their community.
Arrow? A decade ago I would have said yes. A year ago I would have been able to trick myself into believing they do. This year? It's clear they do not.
As much as Arrow cares about their image, this would have been a prime opportunity to garner free publicity and good faith with the community and state as a whole. News stations eat it up when a large company treats its employees like humans. Flexibility during this crisis would have made a mention and interview on 9news. Now your employees are ticked and feel betrayed. You might not care if we quit, that's one less mediocre benefits package you have to pay, but we will carry this animosity with us for life.