Fiserv reviews

3.0

44% would recommend to a friend

(10,703 total reviews)
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Mike Lyons

67% approve of CEO

44% positive business outlook

Fiserv has an employee rating of 3.0 out of 5 stars, based on 10,703 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Fiserv employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

11K reviews
2.0
May 4, 2022

First Data is cancer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They're desperate for employees right now, so it's an easy place to get your foot in the door to gain experience before moving on.

Cons

Take a look at the stock price since the First Data CEO took over. This used to be a great company. Since Fiserv merged with First Data (now FD management under the Fiserv brand) this has become the most depressing place I have ever worked. It's basically a sweatshop factory in a tech office setting. We used to get stock discounted at 15%, which the new regime found way too generous, so it was reduced to 5%. As lousy as the stock performs this isn't even a benefit worth bothering with. We used to have company issued cell phones for conducting company business. These were taken away by the new management, and we were forced to run company apps on our personal devices. Of course, they spun this as though they were doing us a favor by us not having to carry two devices. This was not optional. They have THEIR SOFTWARE on our PERSONAL DEVICES. Speaking of software, they installed a monitoring tool called Sapience on our computers to spy on our activity. Of course they have assured us they're not actually using it for this purpose, and they must be telling the truth because they never lie to us every single time they have an all hands meeting. And yes, they do address us periodically with "all hands" meetings, but it's mostly just a company pep rally. There is usually a Q&A session at the end of these meetings, but when they began to be inundated with questions about all the changes in the company by stressed employees, they began filtering our questions, simply running out of time in the meetings to get to questions, and when times were the most uncertain during the pandemic, layoffs, and forced RTO, they started reducing the frequency of meetings so they could dodge our concerns. Though Fiserv thrived through the pandemic, management viewed it is an opportunity to stop contributing to our 401(k). Contributions have resumed, but the employees lost a lot of money over that for no reason at all. Many of us were hired as full time remote employees. Now the new management is forcing us to "return" to offices we've never even been to before, giving us an opportunity to waste hours of our week and spend an extra hundred or so in gas so we can sit on Teams meetings in a nice office instead of doing it at home. They attempt to justify this by citing collaboration, even though the teams are scattered all over the world so in-office collaboration really isn't possible. Let me be clear on this one. It's about control, not collaboration. It always was. Some of the products we sell and support were acquired from companies who developed those products on the west coast. The new FD management made the decision to close offices including the west coast and served those employees with the ultimatum of losing their jobs or uprooting their lives and moving to a forthcoming facility in New Jersey. As a result, decades of accumulated knowledge was either forced out the door or walked out in disgust. If you are a new or prospective employee, be forewarned that you are going into a situation where you will be selling/developing/supporting products that the vast majority of the staff doesn't even understand completely how works, you will be tasked with figuring it out on your own, and you'll be frustrated to tears until you update your resume and flee. Morale has completely tanked, and no one really cares anymore. You'll see teammates come and go through the same revolving door you'll almost certainly leave through yourself once you realize what you've gotten yourself into. Almost everyone on my team has left the company and been replaced with a new hire in the course of the past year. I recommend visiting layoff review sites and reading the reviews there as well.

2.0
Dec 2, 2019
Recommend
CEO approval
Business Outlook

Pros

I’ve been employed at Fiserv for the past decade, and seen two big mergers along with several small ones. Fiserv’s culture has changed for the better since 2013, until this large merger of First Data this year. Now Fiserv’s culture has decided to go back to its old habits in 2013, which led the company to be labeled as one of the worst companies to work for (See Cons Section for details on changes). Just Google works 10 companies to work for in 2013, and Fiserv is number 9 on the list. So, if you are green and looking for a place to start. Fiserv, will be getting despite for IT engineers, in the next two years as all their top talent moves on to better opportunities because they are upset with the hostile environment. Note, you will see lots of Glassdoor reviews on here that are fake, and they are easy to spot. Use this company as an opportunity to grow in your career, but don't stay in one position too long.

Cons

In 2019, First Data became Fiserv, which has now consumed 22billion in debt which seems to have spilled over onto Fiserv associate benefits. This means that benefits got stripped down a lot. Medical plans went up, coverage goes down, dental went up (bad coverage) and future retirement opportunities got stripped down as well. For instance, they are moving our 401k from Vanguard (known for their low fund fees), and forced to move to Merrill’s Edge’ who has been historically predatory to the small investors (Making it hard to build a retirement fund). They also reduced their employee stock purchase discount by 5%, which again makes it hard to invest in the future. If you roll that into a compound interest calculator over a few years it is a significant loss. Now employee’s can’t make up for not getting paid industry standard pay for positions, and the chance of getting to industry standard is far away when annual raises are capped at 2% regardless of how much of an overachiever you are. Senior management is limiting or limited on the number of raises they can give above a certain percent. A nice perk that was removed was the flexible work from home, which is a common IT practice in 2019. Finally the biggest con of the company, you are just a number at this company, and if your number is up; because, you make too much or they find your job no longer necessary. You will be let go without any notification to find a new position for you. So, don’t expect this job to last forever.

2.0
Oct 23, 2019

We are Blue not Orange

Recommend
CEO approval
Business Outlook

Pros

People and culture was great prior to the acquisition of First Data. Work From Home policy was great so you didn't waste time in Atlanta traffic.

Cons

First Data executives that have been put in position of power are unfriendly, unrealistic and illogical. They have no idea how to promote a "team atmosphere".

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Fiserv Response
6y
Fiserv is committed to being an excellent place to work by listening to feedback from our associates. We appreciate your sharing your experience regarding the recent acquisition, which has been shared with the appropriate internal associates. Every day we strive to improve our workplace to provide a positive experience and work environment for all associates.
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