Pros: strong medical/dental/vision benefits, 401(k) plan, vacation
Cons: oppressive micro management culture, lack of corporate vision and leadership, lack of understanding of the industry (commercial construction) they serve
One problem with these reviews is that it appears that a number of companies, with the name Reed, have been aggregated together. My experience with Reed Construction Data, a division of Reed Business Information/Reed Elsevier, was at one time very positive and became increasingly negative due to a highly incompetent corporate management structure that – more... had no ability to forecast market conditions or create a strategy to deal with the major changes in their core markets. The company once derived the vast majority of their revenue from publication based advertising. When the bottom fell out of this market their response was simply to cut and even divert resources from other divisions of the company that were not exposed to the decline in advertising revenues to bolster the legacy publications. In doing so they weakened the very divisions that had the greatest profit potential and, ultimately, took a massive loss in walking away from the very publications they had sought to preserve.
The biggest farce were a series of "Reed Values" which were supposed to guide the organization's management philosophy and approach to the marketplace. To say these values were farcical would be an understatement. One value, for example, was "valuing our people," and yet there was no evidence to show that they truly valued any of their employees as oppressive work practices and micro management resulted in high turnover. These positions were subsequently left open, in an effort to cut costs, resulting in even greater work demands on the employees and creating an environment that resulted in a viscous cycle of cuts and more cuts.
The company, whose goal is to provide actionable, validated data to professionals in the construction industry, has eliminated anyone who ever had any knowledge or understanding of how the industry actually functions and replaced them with bureaucrats from data companies whose sole mission is to produce data as cheaply as possible.
This strategy is best evidenced by their decision to outsource some functions to India and other foreign outposts and further reduce the domestically based data gathering staff which in turn has resulted in a enormous deterioration in the quality of their data. The current philosophy seems to be to aggregate data provide a very light to non-existent level of validation of the data and then charge the lowest possible price with the profit resulting from the margin created by significantly lower labor and production costs. The flaw in the strategy is that many customers are electing to use higher cost providers as they can see that Reed no longer has any commitment to providing quality information.
There was a time when the company offered above market salaries, generous benefits (401(k) & pension, strong medical, dental, vision, vacation, etc...) however even those benefits have been dramatically scaled back.
A once great place to work has become a soul crushing enterprise that places no value on its employees. – less