In my opinion, it is a recognizable sign of all sinking companies. The more you sink, the greater the micromanagement. I've been in the company for a long time and I don't think they've ever put so much pressure on an employee with excessive control of mostly unimportant details.
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Before the merger my Fiserv stock kept going up in value and was part of three stock splits. The last two years has been the worst performance for this stock compared to competitors and the index. This stock used to perform 14-16% above the index.
I don't know what sh-t your smoking, but for the last 10 years i was making money off the Fiserv stock. Now it is dead money since the merger.
Yes another person who remembers the Fiserv before the merger days of orange pixi dust and poor performance. Jeff covered it all with stock buybacks and somehow you thought you were winning. You weren’t winning cause your clients told us. Now you will be fine as long as you bring a great work ethic, and deliver for our clients and associates.
Not micro management just a difference from OFSV who didn’t care about their clients so they let their people do whatever they wanted in the name of happiness and Orange pixi dust, so long as jeff bought back enough stock all was good. That model doesn’t work at $15B so the OFSV team having problems dealing with having to give 5 days of real work.
Was with this comic of a company for a long time. Dashed after the FD merger announcement. Richer, happier, sleep better. 2 things are pretty clear... 1) The entire FISERV Sales (old and new) Function is weak at best. No way any competitor tries poaching them away, they are a lame, low-end group. 2) I don’t bring up any reference to FISERV in my new Senior level role. FISERV is considered “entry level software” at best, that coupled with (again) low-end support
Yeah, micromanagement is the FD way, and i was on a team that merged with a FD manager. This seems to be how they run the business. Justify what you are doing and how it helps the company or we may consider you as not necessary. It was really interesting being in meetings with the VP's and directors briefing meetings.
My manager confided in me that the FD leadership that took over doesn't know/care about any OFS employees and so every OFS manager is on edge about proving their team's worth to avoid being cut, hence the increase in micromanagement.
Given that Guy likes to hand out "distinguished" titles to his favorite VPs, I can't say I'm really surprised OFS managers are worried.
Signs of micromanagement are sure indicators of bad times. Many years ago, IBM was collapsing under John Akers ( I am a survivor of that time). Sales reps had to fill out multi-page forms justifying their time out IN THE FIELD performing sales and it took 1 day to do that, thus reducing field sales time to 4 days of course. And heaven help those who "stood around a water cooler." These are indicators of nervous management.
Micro-management is a sign that managers are nervous. That's a red flag.
It actually is wearing down my mental health, I really need to get out of this firm. If any management are looking at this board, you are going to end up breaching client SLA's if you continue to treat people like this. We cannot tolerate pressure like this. I can't do 5 people's jobs, no matter how much you want me to.