IHS Markit Sucks Customer Reviews and Feedback
IHS Markit Ltd is a London–based global information provider formed in 2016 with the merger of IHS Inc. and Markit Ltd.Some parts of this company are pre-1800.
A former employee said, "What a waste of time. In my first week at IHS Markit I knew I was not going to succeed. There is no inclusivity, people are very cliquey, everyone does the bare minimum. Its not a youthful energetic group of people. There is no sense of team work or fulfillment. If you are ok with sitting at a desk all day with nothing but 2-3 tasks, then this is the place for you. If you aren't interested in growing and learning and are ok with covering reception when receptionist don't feel like it, then this is the place for you."
Former Employee - Research Analyst says"- Poor management - Low salary - Lacks growth opportunities - Not real finance - outside looking in - Tedious repetitive work - Poor training"
Former Employee - Research Associate says"Overly competitive and not female friendly"
Former Employee - Research Associate says"Comp is terrible, middle management is mostly abhorrent, the division is incredibly overworked, and the company is losing talent in spades because they refuse to pay anything other than wildly below market. The broader corporate structure post-acquisition (Ipreo to IHS Markit) seems to be slightly better but the unit specific leadership, and more importantly, team-specific leadership, cultivates a toxic-level culture of "client first, no matter the hours/lift/burden.""
Current Employee - Sales Representative says"HIGHLY unorganized is an understatement. IHS has never heard of Sales Operations - it's every man for themselves. In Sales, you do it all - you sell, follow up on unpaid invoices, generate your own quotes and proposals, search endless databases for pricing, cull through outdated websites for product information, and lots of time, act as your own Customer Support. If you are in Sales, you should only expect spent 40% of your time selling. Sales Assistants are forbidden to help in the Sales process, and Upper Management doesn't know enough about Energy to help. Sales is required to input 20 calls per day in Sales Force, but then Management wants to see it all on a separate spreadsheet. The ENTIRE Energy Marketing team has been laid off. SVP's of Energy only concern is to generate more frequent flyer miles for themselves. IHS was a well oiled machine until Markit started picking the Energy Sales leaders - it's been all downhill since - and the revenue shows this. All the experienced Sales Associates have been laid off or are taking early retirement."
Current Employee - Managing Director says"The management has always been cost focused but they managed to balance this with growth. This has increasingly given way to a management philosophy of growth by cutting. Recent M&As seem random and a poor decision except as cost reduction thru scale. Management seems rattled by poor execution of new initiatives and can't see past its nose. Deep cuts to headcount have reinforced silos by encouraging defensiveness and anyone that tries to work across them ultimately penalized. Company has vision to sell to investors but on the inside there is little of that binding the myriad P&Ls except overburdened central functions and brainddead, self congratulating management. Recent pay cuts hit top performers and headcount cuts hit deep while no such drastic measures made by competitors. As a consequence top talent not positioned to benefit from an inevitable acquisition looking for the exits."
Former Employee - Sales says"Parking in then building is $22.00, they don’t pay for it. If you travel for work, be prepared to stay at the Comfort Inn or Holiday Inn Express, even as a Senior Manager. Absolutely zero training unless you are working for IPREO. Most of the time, you are sitting there twiddling your thumbs, trying to find thing to do. Horrible management in certain teams. Takes 10 interviews to make sure that they are hiring the right person. This includes a presentation of the IHS product to their teams, multiple conversations about my sales style and his expectations. It was all discussed. Once I was there, I didn’t hear from him for weeks at a time. I was in a holding pattern, by myself in the Raleigh office. There was a definite bait and switch that happened. After being extended an offer, it is another couple of weeks a to have London approve the actual terms and pay that they extend to you. Lastly, you go through the drug test and background check through this third party firm. This process takes about a month I wish I never took the job, honestly. I had no opportunity to actually perform the function that I was hired to do before I was let go. There was never any disciplinary action, no warning, just fired and humiliated."
Former Employee - Anonymous Employee says"Most managers I met were so rude and dismissive of all concerns. I know of multiple people who complained to HR about how managers treated them and HR did nothing. And IHS Markit HR is a whole other issue. They cannot answer the most basic of questions. The women in the Raleigh office are super catty and are too busy gossiping about The Bachelor or other employees to assist anyone. The turnover rate is high in most departments, and the pay is bad."
Former Employee - Anonymous Employee says"There is a lot of politics happening in a team. They even have a problem with you taking leaves. When I went to my manager to talk about future opportunities, his advise was many of our employees come here to start their careers and later switch companies and move elsewhere."
says"Horrible communication Compensation is weak Comp is over-leveraged to equity Benefits expensive Overly aggressive sales goals Promotions at lower levels are way too competitive Management makes decisions with only higher ups in mind"
Current Employee - Anonymous Employee says"Pay is very low compared to the market. Most of what you do is just read excel work and Tableau. Doesn’t prepare you for other Analyst type jobs at all."
BDM (Former Employee) says"Company has great opportunities however, you have to be in the click, if you're not you won't get promoted. The CEO is very short but HR isn't the best."
Manager (Former Employee) says"Like coaching? You're not likely to get it. Value communication? I hope you like it last minute. Enjoy surprises in your review? Well, then you'll love this place. Do you like embarking on an unknown direction? Buckle up. Leadership that knows how to lead? Maybe by antiquated methods. Feel like you're part of a team that cares about you? Umm... If you're looking in Raleigh, you can do better."
Associate, Portfolio Valuations (Former Employee) says"New York Office is great, Toronto Office is terrible. i got to good amount of exposure to related field, but the management and my manager were terrible.NothingEverything"
Associate (Current Employee) says"Don't waste your time, bad bonus + salary does not increase. Regretted joining the company, it is going downhill after the merger. Your efforts will not be appreciated."
n/a (Current Employee) says"A good place to get involved and develop various skills that would otherwise take a whole career.Ability to partner with ExecutivesTitle changes, no significant promotions"
Sr Systems Administrator (Former Employee) says"You are given no flexibility in work life balance during extended illness and eventual death of a loved one. When presented HR director with these issues, I was told to look for another job."
Executive Assistant (Former Employee) says"What a waste of time. In my first week here i knew I was not going to succeed. There is no inclusivity, people are very cliquey, everyone does the bare minimum. Its not a youthful energetic group of people. There is no sense of team work or fulfillment. If you are ok with sitting at a desk all day with nothing but 2-3 tasks, then this is the place for you. If you aren't interested in growing and learning and are ok with covering reception when receptionist don't feel like it, then this is the place for you."
Implementation Consultant (Former Employee) says"When IHS acquired small companies, they should do a better job in retraining managers. Many mid level managers are women that have no clue in managingfree drinksBad mid level managers"
Accounts Receivable Specialist (Current Employee) says"Management is not trained in people skills. Pay is very low for what is expected. Went through a merger and has been questionable since. Poor workers are babied and the work they don't do is given to more dedicated workers."
Software Tester (Current Employee) says"no chance to advance you career and management does not help develop personal skills. Work is not valued and management will do everything they can to ensure it is difficult for you to be recognised."
N/A (Current Employee) says"IHS Markit could be a decent environment for someone who is early in their career. They hire unskilled labor, but do not offer much training or guidance. It is sink or swim and the client satisfaction is severely impacted due to this reckless approach.SnacksSalary"
SME Specialist (Former Employee) says"Overall the work environment seemed to be good. However, depending on the team/desk you are part of, it can and will be disastrous. For instance, one previous evaluator left the firm prior to my start because team leader was horrible. I was told the previous evaluator made it very clear that the team leader was ineffective managing the team. From my own experience, that same team leader had assigned various tasks to senior members and then re-assigned it to me. The team leader makes it very clear that he plays favoritism, was horrible at relaying directions and would change evaluating and pricing methodologies during our team meetings, while making it clear to us not to speak of the change outside the group nor to the sales team. The entire team was very clear of their dislike of the team leader when he was not around, including the senior members. Senior members have also told me their dislike for the team leader due to his lack of promoting even though they have been part of the team for over 5 years.great benefitsreally depends on the team"
VP (Former Employee) says"This is really a bad place to work. The firm doesn't take care of its employees. Comp is low, health benefits bad, no 401K match, vacation time a lot less that other firms... therefore people who work for this firm is typically distressed before joining. The hiring managers usually have to exaggerate on the benefit to make the new employee happy before they join, but soon after an employee figures out the truth, many people feel being cheated and choose to leave. The firm won't appreciate your contribution. I saw several people got fired after they made tremendous contributions in developing new business. When you leave eventually, the firm will try to scare you, threaten you not to work for a competitor (it defines a competition as a firm that has any common business with Markit, therefore basically every financial firm is a competitor), and you will see your managers sneakily or pretending to be friendly asking you "where will you go", or "are you going to work for a bank", or "is your new place close to here? if so, come back sometimes", etc. They just want to find out who you'll work for and putting you into trouble, as they are worried you will bring what you learnt here to your new company. Because of this, everyone keeps it as a secret, and everyone feels uncomfortable when they leave.when you cannot find any other job, this is better than nothing.poor compensation, high turnover, horrible politics inside, shameless managers like clowns, very limited vacation time..."
Global Market Intelligence Analyst (Former Employee) says"There are some legitimately good people at the company. They are actively attempting to improve the culture of the company. Us former employees have a term: 'The Ipreo Trap'. The nature of the work done in Global Market Intelligence is very niche -- meaning you will develop a set of skills that are virtually useless outside of an incredibly narrow field of employers, most of which were formed by former employees that were essentially unemployable in other professional lines of work. I arrived at Ipreo with extensive experience, but the decision to accept this offer over other high quality positions was nearly career suicide. While my background made me a good candidate for the role, the role itself does not translate to other fields. As a result, I was less employable with Ipreo (now part of IHS) than I was prior to joining the firm. It is the only time in my life where additional experience was detrimental. Global Market Intelligence (also known as Stock Market Surveillance) is a role that involves monitoring shares of publicly traded companies. Based various bits information, you attempt to determine which mutual funds or other investing institutions are buying or selling shares of a company. I find it odd that Ipreo has such good reviews and I am aware of their HRs efforts to improve standings on Glassdoor and Indeed. The truth is that while there are good people at the company that I thoroughly enjoyed working with, I had genuine concerns with management, the company's 'sweatshop' reputation is well deserved, and compensation is not in line with the incrediblySee belowsee below"
Rather not say..... (Former Employee) says"Hours are ok but no career path. It's hectic and toxic and non-appreciative. I'd say no one is safe but lets be fair - those chosen few are very safe even if they do nothing but ask others for updates and them submit up as if they actually did something, the rest are expendable. Management is reactive, culture is toxicNo real prosContinuing decline of benefits and good people. Management is self sighted they only see themselves."
Research Associate (Former Employee) says"This company is good to work here if anyone wish to work in easy enviorment."
Software Development Manager (Former Employee) says"IHS is set up with Directors that act as owners of a company. They rule completely. The technical directors are judged on how well they make sure the work is completed that make customers happy. The product people who deal with the customer call the shots. The environment is one like a consultant firm. There's not much you can do to improve things technically unless the customer is paying for it, which they don't. You'll work with many systems written in the early 2000's with no hope of modernizing them. The technology is home grown so learning it doesn't apply to any other company. Other than getting a start at a junior level, the company doesn't provide much career growth or learning. I would only recommend this company to people who need to get some work experience. After that, leave and go learn how other companies use technologies that are useful in other jobs."
Marketing Manager (Former Employee) says"If a manager throws out an idea, the minions snap to without anyone questioning does this make sense? Worth the time? Marketing is totally disorganized with worker bees trying to out do each other for little gain. Spam thousands daily by email is not getting them anywhere."
Trade (Former Employee) says"It's a good place to work while you're employed there, but they are far too willing to make employees redundant to save money. For a business whose capital is human, it shows scant regard for its people, and is more willing to satisfy shareholders' aggressive growth demands.SalaryJob security"
Lead Analyst (Current Employee) says"Poor management, lack of commitment to retaining talent, incompetent immediate leadership, adequate work-life balance, private-equity owned so they count their pennies and expect employees to consistently increase their level of output while holding incentives constant that are minimal to begin with."