Fastenal reviews

3.5

65% would recommend to a friend

(5,795 total reviews)

Daniel Florness

78% approve of CEO

58% positive business outlook

Fastenal has an employee rating of 3.5 out of 5 stars, based on 5,795 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Fastenal employee rating is in line with the average (within 1 standard deviation) for employers within the Transporte y logística industry (3.5 stars).

Reviews by job title

6K reviews
1.0
Jan 29, 2014
Recommend
CEO approval
Business Outlook

Pros

Good first job to put something on your resume. Good part time job for high school or college students. It's not a career type company, but it's a good starter company while you look for something else.

Cons

-Unsustainable growth through outrageous sales goals YTD and MTD. It's a growth bubble similar to the housing market crisis. -Extremely high turnover due to increasingly fast moving trend towards over micro-managing, employee intimidation, and regular decreases in commission rates with the expectation of more sales output. Constantly training/ promoting new incompetent employees because of unsatisfied turnover. -Completely focused on stock price rather than employee satisfaction. -Bad business model of taking from employees (the sales force core of business growth) to keep the stock prices elevated to show positive growth to investors.

3.0
Jan 19, 2014
Recommend
CEO approval
Business Outlook

Pros

Good starting point for a young college grad, total freedom, great building blocks in getting your hands dirty, role playing included being a janitor, clerk, inventory analysis, warehouse/dock worker, forklift operator, delivery driver, maintenance mechanic, manager, inside/outside sales, customer service, accounting (recruiting & hiring was taken away)

Cons

36k base, I can only imagine the base outside a major city, no raises (was told sell more to gain commission), paid on sales, growth, margin, & AR. Commission cap at 55% margin (if margin exceeded 55% you do not get paid on it even though you did the work to gain it), when customers don't pay their bills within net terms Fastenal takes it from your commission, if you do not grow vertically (year over year) it hits your pay check, you are given employees but they are paid nothing and turnover occurs which in the long run affects the manager, performance based compensation, "here do this with this" and when you reach or exceed their goals it's not enough "sell more", sales numbers and margin is tweeked at the end of the month to prevent additional commission being paid out (watch out they steal from you)

2.0
Sep 30, 2013

Building Block

Recommend
CEO approval
Business Outlook

Pros

-Great relationships within my branch. -Great experience learning how to sell B2B from maintenance, purchasing agents, up to president's of large companies. -A lot of autonomy as far as which customer's will be called upon and how you will sell them. -Opportunity to sell a solution. Our Fastenal Vending machines are very unique in the way we stock them and without an actual contract being signed. -Opportunity to manage a book of business like it was your own.

Cons

-No advancement opportunity in my area -50 hour work week minimum. Note: Working only 50hrs per week(salary) you will not be successful by your 2nd year. -Turn over. I'm the longest standing member at my branch @ 2.5 years. -Pay. Base pay is $2200. $2200/4(weeks)=$550 per week. $550(per week)/55(hours per week)= $10/hr. Note:Granted there is commission ranging from $400 up to infinitive per mo. depending on revenue and vertical growth. But, most likely $400-1200/per mo. in commission is the norm. -55 hours per work week isn't just selling. You are the salesman, the counter clerk, the receiving department, product procurement, vending machine filler, and the accounting department when your sales go past net 30. Wearing multiple hats is an understatement. -Too many directions and those directions are constantly changing. Our new president is returning the company to more simplicity which is a good thing. However, we are still pushing several agendas at once. -No appreciation for a job well done. You sold the highest $ amount in the district in our bounty promotion in August? Cool. But, why can't you do it again in September? -Guys, in conclusion.. this company is made for someone out there who graduated high school or college and wants to work really hard without looking at their opportunity cost. This company will wear you down with their frequent questionable decisions and lack of appreciation.

Viewing 100 - 102 of 5,795 Reviews

Glassdoor has 6,139 Fastenal reviews submitted anonymously by Fastenal employees. Read employee reviews and ratings on Glassdoor to decide if Fastenal is right for you.