N26

A future as bright as winter in Berlin - Anonymous N26 Employee Review

1.0

Oct 22, 2019

Anonymous

Recommend

CEO approval

Business Outlook

Pros

Typical startup fare - food, dogs, beer. But even these are getting scarcer.

Cons

Literally everything else. Employees aren't heard or respected, to N26 we are all easily replaceable. When asked about salary ranges, which are tied to levels but not shared with anyone, the company response was essentially 'this is what you get, if you don't like it too bad'. Zero transparency - it's almost November and there are no plans in place, or at least no plans communicated, about next year. All decisions are made top down and everyone is expected to just do as they're told. Plus all major decisions are made last minute, with entire teams and departments completely kept out of the loop. Everyone is constantly scrambling to keep up and fighting fires - it's a completely unsustainable way to keep working. Have you been working hard? Think you deserve a promotion? Too bad, your options are to jump through a thousand hoops or be friends with management (it also helps if you're male and Austrian). The promotion cycle is not at all equal across departments with some teams giving out promotions after 4 months and others denying everyone. We're trying to expand worldwide, but we can't even get our current product working properly for our core markets and competitors are very quickly surpassing us. This place will implode well before they reach their entirely unrealistic signup goals.

N26 Response

Thank you for taking the time to share your experience with us. It’s important for us to understand where our employees have concerns. Our approach to compensation and benefits is driven to provide fair reward for every role. We work closely with a number of salary experts, and also with the local markets we operate in, to ensure we are fully competitive in how we pay our staff. In terms of business priorities, we run a range of targeted sessions to communicate about our plans, approach, and our overall OKR structure. These meetings are set up to give clarity to all of our employees and to allow an open forum for people to provide feedback and ask questions. We also offer a monthly session with both of our founders, where employees are encouraged to ask questions for their most pressing issues. These sessions have been very popular and are designed to provide full transparency within N26. All team members have ownership of their career development at N26, and are in the driver’s seat when it comes to getting the feedback needed to develop in their career. We take a structured approach to promotions & development, which is intended to provide transparency on how decisions are made and a clear path for your growth. If you would like to discuss your concerns further, or provide any input on our current programs, we would love to hear from you. Please reach out to the People team.

A future as bright as winter in Berlin - Anonymous N26 Employee Review

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