Capital One reviews

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Richard D. Fairbank

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13K reviews
5.0
Mar 22, 2009
Recommend
CEO approval
Business Outlook

Pros

By the best things about Capital One is its flexibility affored to employee. Everyone is encouraged work from home if necessary. This is true for most employees through Director & Senior Directors. In addition to this arrangement the talent of individuals is impressive. Capital One's rigiours interview & selection processes help pull in top talent. Capital One takes it one step further by creating collobrative work environments where people are rewarded for thier ideas. Capital One's benefits program is best among its peers. Capital One contributes up to 9% towards 401K, offers 15% discounts on stock purchase plans, provide 3 - 5 weeks of paid vacation a year, paid holidays & sick days, on site gym, running trails, subsized cafaterias, etc... and many more perks.

Cons

Capital One is still a growing company. Unlike Citi or BAC, Capital One is figuring out its culture. As a result it often swings to far when issues arise. For example, if software outage prevent business capability, a new goverance group is created to oversee every aspect of IT delivery. This initial jerk always swings to more balance and appropriate levels, but it can be challenging. This growing company continues to refine its processes and people are often asked to lead & operate in grey spaces. This can be tough when everyone is figuring it out. Finally, the most challenging aspect of employment is the number of ambitious people. Thier recruting process intentionally targets these folks but it ends up creating competition. At year end reviews these employees are calibrated against each other to set the bars for compenstation. From a company stand point it is great because you reward the true top talent, but for individuals with limited insights in to other people's work, it can cause frustration.

4.0
Mar 21, 2009
Recommend
CEO approval
Business Outlook

Pros

Capital One provides great work/life balance. Everyone takes great pains to be polite and supportive. There are a number of courses provided by Capital one university to ensure that the employees know how to get along with one another. There is extreme fairness in year-end evaluations and promotions. It takes a good 40 hours every year-end to perform all of the evaluations and cross-calibrations to make sure everyone is assessed fairly in relation to their peers.

Cons

Senior managers are typically not experts in their departments' core competencies. Therefore, SME employees in the department must "pitch" their ideas for projects to management, progressing slowly along a long learning curve for the manager. To make matters worse, it seems like just about the time your manager finally does "get it," he or she is whisked away to lead some other unrelated department. and the employees must train a new manager.

4.0
Mar 17, 2009
Recommend
CEO approval
Business Outlook

Pros

challenging environment with great opportunity for advancement, significant flexibility with schedule and to work from home, support from management for volunteer activities and community involvement, facilities are generally new and class A, benefits are great and better than most companies including health insurance that did not increase for 3 years in a row, 3 weeks paid vacation from the first year

Cons

expectations and demands are high with much pressure, work hours can be long, flexibility of work tends to lead to expectation of being available 24 hours each day, annual evaluation process is rigorous and can be influenced by opinion more than actual results

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