Fiserv reviews

3.0

44% would recommend to a friend

(10,709 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 10,709 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
3.0
Dec 8, 2009
Recommend
CEO approval
Business Outlook

Pros

1 - Good pay compared to other places to work. 2 - I've had good raises in the past 3 - Most of the people here are very friendly 4 - Local management has been very responsive to me

Cons

1 - Very, very little training (if any) is available. This never seems to be a priority in the budget. How do they expect us to provide excellent customer service when so many people here don't have a clue what they are doing? 2 - Too much politics in the local office. 3 - One director has too much control and nobody ever questions his decisions. His direct reports are treated the same way. I gave up trying to introduce new ideas years ago because of this. 4 - This datacenter has always been very stingy when it comes to purchasing necessary hardware and software tools to do the job despite VERY HIGH (>40% !!!) net profit at this location. 5 - They didn't give a raise to anyone in the company nationwide in 2009 due to supposed bad financial performance. First, it doesn't make sense to penalize employees even at high-performing locations such as the one where I work... this only hurts performance because people aren't going to give 100% to a company that gives them nothing in return. Secondly, I've been following the press releases from Fiserv this year... and the initial bad financial performance was due to the sale (at a loss) of the insurance unit (Benefit Planners), but if you follow the press releases, you will see that we had phenomenal performance so far this year, even with the loss of the insurance unit. When Yabuki sent the e-mail announcing the suspension of raises, he blamed it on poor performance due to the banking meltdown... but if you read the press releases and other statistics, you can clearly see that it was due to the sale of the insurance unit!!! 6 - The "consolidation" plan. Fiserv is consolidating things such as network infrastructure management, file transmissions, etc. The plan is to consolidate our servers to a few locations around the country, but they are telling us that we will still run them from our location. However, from reading other blogs, you can see the trend toward outsourcing software development to India. Plus, they announced the closure of the Aurora, Illinois location because "these 200 customer service positions were no longer necessary" and then the very next week they announced the opening of a new location in Hickory, NC and boasted that it was going to create 400 new customer service positions!!! What kind of message does that send? The avg. salary in Aurora is about $45K. These new positions in Hickory avg around $25K. Hmmm... what do YOU think they are up to? Will I have a job in 5 years? Who knows? I could go on and on, but to summarize: Fiserv has been a great place to work for many years (I'm not going to give away how long I've been here to protect my anonymity), but things have changed since Jeff Yabuki has come on board. Les Muma and Norm Balthasar really cared about the employees... we were well taken care of. But this new bean-counter Yabuki only cares about the bottom line and his multi-million dollar bonus. He gives me the impression of one of those CEO's who uses short-sighted methods to boost the stock price so he can cash out just before the company crashes. Fiserv has performed very well for our share holders in the past... always giving double-digit returns... but Yabuki wants to change everything that has worked so well in the past and doesn't care about the employees he hurts in the process. Now is the time to start polishing your resume and getting additional training to make you valuable to other companies.

1.0
Dec 3, 2009

Occupational cul-de-sac

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Compensation was above average for my field. Direct management was decent. Not a very demanding place to work if you're looking for low-impact.

Cons

Upper management is a dis-organized mess. Very silo-heavy operation with little possible movement across the company. Management in general is not your friend. You also will learn very little that you didn't bring in the door with you. I would warn against making your stay more than three years. Its going to make it much more difficult to find a new carer based strictly on the little you learn at this company.

1.0
Nov 25, 2009
Recommend
CEO approval
Business Outlook

Pros

Fiserv promotes these new "Fiserv Values" that may get management and the associates in one mentality. My immediate management is awesome and understanding. They are flexible and let me do my job. The pay is good but I think for the amount of work they have us do we should make more money. I guess Yabuki needs to make his $7+ million a year and it has to come from somewhere. They re-branded Fiserv completely. This may put us ahead in the market and I hope that the money they make they pass along to all of us who are making it possible for them to make the money. Bottom line: I am very very thankful to have a job that pays somewhat close to what I am worth. I should be making more with my abilities but at least I have a job in this economy.

Cons

Like I said, perception is everything no matter where you go. Here is my personal perception of the company. 1-Jeff Yabuki has no interest in the associates. His interest is being a multi-millionaire and rubbing shoulders with big stock holders. The associates are just the slaves that work for him. He portrays himself as a "down to earth and friendly" guy. This is not what I hear from the folks up in Brookfield. 2- My immediate management has no power at all whatsoever to make decisions. Upper management is horrible to them. They use words like "incompetent", "stupid", "do you even know how to do your job?” I have heard upper management yell their lungs out to my manager and send him nasty emails pretty much every single day. 3- Upper management in my unit are liars (specifically one of them) that will flat out lie to clients and lie to employees right to their face. This person shows favoritism to people that are his friends or someone that is doing this person a "personal favor" and makes them directors or managers, give them a position without allowing outside candidates that are better at their job come in, etc. 4- In the middle of changes, they do not communicate what your future looks like. You come to work every day wondering if you have a job. 5- Upper management tells you one day that "we are going to do this procedure this way from now on" and change their mind the very next day. Not only that, when you followed that procedure that was implemented the day before to the letter of the law, you will get chewed for it because "you should have known better". You just told me a different thing 24 hours ago!! 6- They keep us understaffed and work us to the ground. We work long hours and we don't get a half a day or a day off here or there to recuperate. You come back to work on Monday and you are pretty much already shot for the week. 7- The acquisition of CheckFree is a joke. Fiserv bailed them out of going bankrupt and CheckFree roams around here like they own the place. I am sick of hearing the word CheckFree. We are supposed to be one Fiserv. 8- The benefits are terrible. Health insurance is expensive (high deductibles) and vacation time and holidays are a joke. You cannot survive an entire year with only two weeks off, one week of sick leave and 6 holidays. I am sure I have more perceptions that could be put here. If you are desperate for a job and Fiserv offers you one take it; but plan ahead and do not burn the bridge with anyone because you never know what will happen next.

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