![]() ![]() The company plans to combine OnCourse’s health care division with its Relias subsidiary, which also provides online health care education. The acquisition of OnCourse expands Bertelsmann’s U.S. Bertelsmann has 119,000 employees and reported $20.1 billion in 2017 revenue. It took a 75 percent ownership stake in Penguin Random House last year, and also owns online education provider Relias and magazine publisher Gruner + Jahr. About 750,000 people and 19,000 businesses use OnCourse each year.īertelsmann is a global media, services and education company. It now has about 375 employees and an online library of around 22,000 courses used for corporate and advanced training in the health care, financial services and real estate sectors. In January, it announced the acquisition of Lake Geneva-based Wound Care Education Institute Inc., and in August, it announced the acquisition of Waunakee-based Total Training Solutions. The company, which was founded in 2007, has grown steadily via acquisition. 5000 list of the fastest-growing firms in the country, up from 3429 on the 2017 list. OnCourse was ranked at 2950 on the 2018 Inc. The transaction was described by Bertelsmann as “in the mid-nine-digit euro range.” Reuters pegged the deal at around $500 million. OnCourse was sold by New York private equity firm CIP Capital, which acquired the company in 2014 from Cleveland private equity firm The Riverside Co. The transaction is expected to close this fall, pending regulatory approval. Bottom line, if you value great work colleagues and recognition for - more.Patrick Sheahan Patrick Sheahan, president and CEO of OnCourse Learning.īrookfield-based professional training webinar provider OnCourse Learning is set to be acquired by German company Bertelsmann for a reported $500 million. Employees have many skills that are under utilized, pay attention to what they bring to the company. My advice to the company: pay employees more (the stocks are doing well and the company makes a lot in profit) and have room for upward mobility (titles, professional development, and pay raises), people would stay longer if they could grow their careers and support their families comfortably. The products are pretty cool and the company does value young employees (try to set you up with a mentor and they care about training). Office culture is awesome, HR does a great job of day to day appreciation for employees, the best I've ever had. Work is micromanaged (a lot of pressure on middle management). Salaries are very low for the industry (tech, finance, real estate, and learning) and substantial knowledge is required (they love college and graduate degrees, but don't pay fairly). There isn't a lot of room for salary negotiation or raises (even if you have a great review), and forget about upward mobility. Benefits are ok, they try to tell us they are "GREAT" but when you have a family to take care of you realize they are just ok. Turn over seems to be high and career stability could be a lot better (too many company acquisitions), you never know what the executives are going to do next. ![]() With that said, I really wish upper management would make decisions with us (employees and people) in mind. The people here are great to work with, I really feel part of team. Management does not value staff, nor do they promote from within. ![]() You will spend your day attending meetings - then do nothing as no one takes the lead over managed and understaffed. Pay is very low for the work/knowledge base expected. Self evaluations are "adjusted" by management if you think too highly of yourself resulting in an "average" raise for all staff in the department. Yearly reviews are completed by staff by year-end, while the actual performance evaluations are done mid-year the following year.and that's when raises *cough cough* are given out. Anyone with a lick of background on the company was let go. Company has been through several owners in the past year, so management is. New owner has outsourced many HR functions so good luck if you have questions or problems with anything related to such. PTO time is offered, however requesting such can be slightly difficult. Very nice office space! Parking is abundant.ĭepending on the supervisor there is schedule flexibility. There are free snacks in the modern kitchen. Employee committee tries really hard to keep the team involved and to promote a casual, fun atmosphere. Free "leftover from a meeting" lunches are common place. ![]()
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