Iress Reviews

3.2

48% would recommend to a friend

(708 total reviews)
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Andrew Russell

62% approve of CEO

35% positive business outlook

Iress has an employee rating of 3.2 out of 5 stars, based on 708 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Iress employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

708 reviews
2.0
12 June 2023

Stay away for now

Recommend
CEO approval
Business outlook

Pros

* Flexible working arrangements are fostered and encouraged by people leaders (but senior execs trying to force people back to the office for the "culcha"); * Free beers, wine and cheese on Thursday from 4pm; * Passionate, helpful and engaged (given the circumstances) colleagues who strive to build great software; * 6 additional days of leave which can be used to extend a weekend, generous maternity / paternity leave entitlements.

Cons

* Iress is in the midst of a global restructure and are offloading the UK, Canadian and South African divisions. They're also in the process of selling half of a company they acquired a little over two years ago. 10% of staff were retrenched with a month's notice, except for the single c-suite exec let go who was given 6 month's gardener's leave (it's tough at the top apparently); * The remaining staff have no idea if they'll still have a job in a month or in a year, there are almost weekly changes in intended deployments of tech leads and product managers. The company feels a lot like a garbage bag in the wind but we're constantly reminded that there is a concrete strategy (delivered by McKinsey) that the senior execs are going to pursue; * Lots of talk about pay rises that never seem to eventuate - "we pay market rates". Pay reviews pushed out from June to September. I feel like I've seen this movie before. * This is a company hemorrhaging staff, with no clear strategy other than to offload assets and pursue organic growth. Iress is in marked damage control (you'll note the considerable engagement from the Chief People Officer on this platform which was absent 6 months ago).

2.0
31 July 2023
Recommend
CEO approval
Business outlook

Pros

People (what's left of them). Nice Office. Great CBD location

Cons

Flexible working arrangements have all but gone. Management are just looking at the bottom line and don't care about how that impacts the people working there. Upper management have no idea what's happening on the ground level. Low pay rates.

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Iress Response
2y
The transformation of the business that we have initiated this year is significant and essential. The changes we are committed to are needed to reposition and refocus Iress for future growth, innovation and success. Sadly, some of the changes we have had to make have resulted in a number of people leaving Iress. I am assuming this includes yourself, and I am sorry your experience at Iress was not positive.
1.0
9 July 2023

One of the best Aussie fintech on the brink of being destroyed

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Investment over the last few years to modernising engineering delivery & bringing focus to quality, speed and scale. Cloud, engineering tooling as well as workplace technology such as G-Suite, MacBooks options and Udemy access. Long Weekend is also an awesome perks. And the secret weapon, Andrew Todd, a Top 50 CIO/CTO - he really is the best leadership hire that happened to Iress in the most recent era. His leadership - empathy, business acumen and solid technical background created a differentiated workplace culture that has attracted amazing talents to Iress in the recent years.

Cons

TL; DR - McKinsey has come to town. Along with new management crew that lacked diversity in thoughts, a men-boys club with limited to no understanding of product led growth yet beats the drums about shifting to product led. Instead of assessing whether the existing exec team is match fit, removing just a single c-suite with fairly disrespectful explanation to internal people, that probably also didn’t fit into your “love working with younger people” criteria… Removal those LT+1 leader in prior org structure, the change agents that have faced into difficult conversations - agitated positive change, made material impact, created value to Iress. Ironically the kind of talent you need in times like this, but they were thrown under the bus by whoever got in your ears first. Opaque promotion of people with no merit or relevant experience. Such as the prior group CFO who facilitated hairy back forecasts with no real understanding of software… now running one of the key business units as CEO.

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Iress Response
2y
Your detailed and open feedback is appreciated. It is a tough time for us at the moment but the transformation we are going through is necessary to ensure we are set up for success and growth moving forward. We also recognise that some people will not support the changes being made, and will choose to leave Iress as you have done - we accept and respect that, and wish you the best for the future.
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