IHS Markit reviews

Management is sneaky. It's very unsettling when people just disappear, company adjustments are made without communication, and everything is kept "hush hush". Many of the leads and senior employee's treat others in a dismissive and un-humble manner. Projects are promised to clients with unrealistic time frames. I understand that the client gets what they want but really, there needs to be a line. Making your employees suffer to make a client happy is no way to operate successfully long term. That is actually my biggest con; overworking your employees. There is also a fair amount of favoritism that goes on. Many people advance and/or are given responsibilities when they should not be and do so because they are under the wing of a string puller. I have also head of overtime bonuses having been given out to selected people.

The cons unfotunately heavily outweigh the pros. A lot of the issues are recognised by the ExecVPs and they have started to put in place measures to address them. Much of them stem from the company growing rapidly from 300 employees 2.5yrs ago to now 2000 employees. Culture ---------- The culture is highly politicised once you reach VP and Director level. At this level, it is common place to make back door deals to either advance yourself or a member of your staff or a particular team or indeed sideline staff whether deserved or not. Review Process ---------------------- Reviewers on this site have called it "random", however, its not, its called Nepotism. This is rife in the company and the review process which has never been very robust is generally ignored. Regardless of your performance, you will not get recognised with salary, bonus or promotion unless you have built a relationship with the relevant ManagingDirector for your area. Most Directors at the review process time, become very vocal, turning up to all meetings and just being seen in the right circles. Most MDs don't remember much more than 3mths in the past and therefore they promote/award those who have worked closely with them and then take their advice on awards for staff lower down the ladder. Nepotism is to be expected in the finance industry, however, for Markit, it seems a lot worse. Sexism ---------- This is a known problem which is being addressed by the Executive management team. There are 1 or 2 depts to keep clear off in this regard but such names cannot be mentioned here, only to say that both provide a central function. Poor Management -------------------------- Man management is an after thought at Markit. Up until August 2010, there skill was not valued instead it was more important that how much money you could make for the company or how good your technical skills were. Many employees have ended up in team/business management roles purely due to length of service and not because they have these skills. As a result, they don't know how to organise work, motivate staff or keep deadlines. These soft skills are very important and the company has finally started to look into an internal management training course. However, in the meantime, many deadlines are missed and attitudes of some staff and management is very poor. This lack of man management skill is a bad influence on interns, Associates and some VPs