Bludgeoned to death

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Oct 20, 2006 4:24 am

This topic has been beaten to death but no one has ever asked this question…. 

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Ok, we have established that EJ is garbage.  

Why is EJ consistently on Fortunes Best 100 to Work For list?  If their employees hate them so badly why do they continue to make the cut?  And who makes this list? 

Dirty Delta  
Oct 20, 2006 4:29 am

Maybe they give people a shot, who are never even looked at by anyone above. Some people find 40,000 good money.

Oct 20, 2006 4:38 am

Because they hypnotize their employees and clients with secret subliminal messages played through the phone lines…

I hear under their latest promotion you get a free tinfoil hat with every $100,000 new account…

Oct 20, 2006 5:09 am

A few reasons in my opinion...

1.  Reasonable production goals=less pressure...more enjoyable career.

2.  Many Jones reps have never worked for another firm and have nothing to compare Jones to.

3.  "independent" office structure

Let's face it...this can be a very interesting, challenging and lucrative job.  If you remove some of the production pressure and give a rep their own office to run, that sounds like a pretty good gig to me, particularly if you don't have any comparable firm experience to open your eyes to your firm's weaknesses.

Oct 20, 2006 5:11 am

…and I don’t think we’ve established that they are garbage…that’s pretty harsh…

Oct 20, 2006 12:27 pm

I think that much of it comes from the fact that their employees typically start with the firm as trainees, so they have no basis for comparison within the industry. 

Oct 20, 2006 12:53 pm

[quote=BrokerRecruit]I think that much of it comes from the fact that their employees typically start with the firm as trainees, so they have no basis for comparison within the industry.  [/quote]

It's got more to do with their relatively low standards when it comes to selecting new hires.

People who really do not belong in the business get hired, and when they start to fail they blame their employer, they blame a lack of technology, they blame their managers, they blame anything and everything except themselves.

It is not the successful EJ brokers who are on this forum complaining.

It happens in all environments.  Wires make bad hires too, and they end up washing out complaining about heavy handed compliance departments, being forced to sell proprietary products, managers who got their job because they're ass kissers and on and on.

Meanwhile the good hires are busily making money hand over fist--far too busy to spend a moment complaining.

Oct 20, 2006 2:29 pm

I have to agree with DA.  There are about 10,000 brokers with EDJ.  I would hesitate to say that they are all unhappy.  Just because they don't trade options, or don't hire wall street wiz kids doesn't make them bad for clients or bad for the brokers.  They give good advice, and most of their employees like the company.  Plain and simple.  Next topic.

Oct 20, 2006 2:50 pm

I think Indyone was pretty accurate regarding independant office structure and hiring people with no other industry experience.  I will add that they do a tremendous job of controlling the message that their employees get.  On a daily basis employees are innundated with examples of why they are the most ethical company, only looking out for their clients best interest, while all the other firms are merely looking out for themselves.  They are a self propaganda machine.    

Oct 20, 2006 9:10 pm

I don’t think EJ is garbage.  In fact, every one I know who works there is pretty happy with their program.

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

I was just regurgitating what I read on this forum.

I am all about the “cry less produce more” attitude..     
Oct 20, 2006 10:11 pm

Oh sorry, false alarm…I read the topic/thread title and thought maybe it was in ref to Soon 2 Be Gone.