Cadence will be hiring soon

Quote
Originally Posted by Anonymous
Don't know your situation but when not about something I find it better to not make a decision. If your current boss is cool, you have good numbers and you have products to sell I think staying is better.
Honestly Cadence could be taken over at anytime and you could be out.
I am going in thinking that from day one the DSMs while be totally micromanaging you as this is their ownly revenue stream and they have been sitting in territory for 12 months
chomping on the bit. You will have one product only and if you fail you are toast.
That being said I am all in. I don't really care how good the benefits are or the car thing and the salary is not any better. My current boss is awesome and my numbers rock. So why would I leave? Simply put I am crazy but when you are not willing to dictate your path you aren't living. If you want a comfortable life and job move in with your mom and apply for a state or union job. See you in Jan.
PS who cares what % of the sales team joins in Nov.

Well said. Factors like kids, single income home, career recovery, age etc....all play a part to make such a decision. Cadence is a rare find in today's tough world, but I am sure some will not make the jump and others will.
 




































No stock options for their staff. MBA 101...they are wanting to sell their company with lower market valuation. Just think, if they had tens of thousands of outstanding stock in their pawns, errr i mean sales rep's hands, they would cost more to a suitor like J&J.
Stock options immediately vest when there is a takeover and provide some ownership and quick cash for the stock option holders, but this outstanding stock will be expensive for a suitor like J&J.

Cadence is not in this for the long term. A and B level management will make their money, sales reps and C level management will be on the unemployment line.
Give it 3 years.
 






Anonymous said:
No stock options for their staff. MBA 101...they are wanting to sell their company with lower market valuation. Just think, if they had tens of thousands of outstanding stock in their pawns, errr i mean sales rep's hands, they would cost more to a suitor like J&J.
Stock options immediately vest when there is a takeover and provide some ownership and quick cash for the stock option holders, but this outstanding stock will be expensive for a suitor like J&J.

Cadence is not in this for the long term. A and B level management will make their money, sales reps and C level management will be on the unemployment line.
Give it 3 years.
Click to expand...

Wow, thanks for the insight. Good to see Gilead Cardiopulmonary senior management making good use of their time on a Friday.
 






Anonymous said:
No stock options for their staff. MBA 101...they are wanting to sell their company with lower market valuation. Just think, if they had tens of thousands of outstanding stock in their pawns, errr i mean sales rep's hands, they would cost more to a suitor like J&J.
Stock options immediately vest when there is a takeover and provide some ownership and quick cash for the stock option holders, but this outstanding stock will be expensive for a suitor like J&J.

Cadence is not in this for the long term. A and B level management will make their money, sales reps and C level management will be on the unemployment line.
Give it 3 years.
Click to expand...

You know I think you may be right but there is no certainty anywhere anymore. I will gladly take the risk with the high salary and culture of this small company. We will ride it and see how it goes...life happens...
 






Anonymous said:
You know I think you may be right but there is no certainty anywhere anymore. I will gladly take the risk with the high salary and culture of this small company. We will ride it and see how it goes...life happens...
Click to expand...

I'm in the northeast and am interested in getting out of my biotech company before the downsize in q1. How large are the territories in the ny or nj area? Are all the territories filled already? Better to send resume to cadence or recruiter for interview? Any info is much appreciated.
 






Anonymous said:
I'm in the northeast and am interested in getting out of my biotech company before the downsize in q1. How large are the territories in the ny or nj area? Are all the territories filled already? Better to send resume to cadence or recruiter for interview? Any info is much appreciated.
Click to expand...

I think all the territories are filled right now. I got the job internally as I knew one of the managers. I don't even know which recruiter they used to get their candidates for interviewing. I guess the best thing is to find out who is the local DM or if you know anyone with a contingent offer, work through them. Sorry I can't be of more help!
 












To the idiot who posted previously about Cadence not offering Long term disability. You are dead wrong. Cadence will pay the full cost of Long AND Short term disability benefits, which covers 60% of your salary upon disability. To the idiot who posted that Cadence will not have a 401k program. You are dead wrong. They will have a 401k program where you can put away as much as 100% pre-tax. There will not be a company match for the first year or so. Big deal. Big pharma gives a match of about 3%. The average person puts away 10k per year in their 401k so that means you'll be missing a whopping $3,000 match from Cadence. Big f'ing deal.
To the idiot crying about a lack of stock options on day 1. If they gave you 1,000 options at your hire date (say the price would be $12 after approval) and the Cadence stock price goes up to $17 after a year and you cash in. You would get a whopping $5k before taxes if you cash it in. Who the f cares about 5 grand. Have you seen the comp plan? Top 20% performers get loaded with options each year.

I just stumbled upon this thread today and couldn't believe the mis-information that was spewed. Yes the car program is a bit weak. We'll make it better after we get some sales $ flowing in. Same with the 401k match. If this product takes off (which most of the doc's I currently call on in the hospital think it will) you'll be making 60-70k in bonus a year. This is a start-up company people. The venture capitalists who have funded us wouldn't be too happy if tons of their money was going to reward the sales force before the company became profitable. Get in on the ground floor. Ride the wave....if it is a good wave you'll make tons of money. If not, find the next wave. But for god's sake don't be swayed by one or two spurned reps who didn't get the job and then get on here and post exaggerations or flat out lies.
 






Anonymous said:
To the idiot who posted previously about Cadence not offering Long term disability. You are dead wrong. Cadence will pay the full cost of Long AND Short term disability benefits, which covers 60% of your salary upon disability. To the idiot who posted that Cadence will not have a 401k program. You are dead wrong. They will have a 401k program where you can put away as much as 100% pre-tax. There will not be a company match for the first year or so. Big deal. Big pharma gives a match of about 3%. The average person puts away 10k per year in their 401k so that means you'll be missing a whopping $3,000 match from Cadence. Big f'ing deal.
To the idiot crying about a lack of stock options on day 1. If they gave you 1,000 options at your hire date (say the price would be $12 after approval) and the Cadence stock price goes up to $17 after a year and you cash in. You would get a whopping $5k before taxes if you cash it in. Who the f cares about 5 grand. Have you seen the comp plan? Top 20% performers get loaded with options each year.

I just stumbled upon this thread today and couldn't believe the mis-information that was spewed. Yes the car program is a bit weak. We'll make it better after we get some sales $ flowing in. Same with the 401k match. If this product takes off (which most of the doc's I currently call on in the hospital think it will) you'll be making 60-70k in bonus a year. This is a start-up company people. The venture capitalists who have funded us wouldn't be too happy if tons of their money was going to reward the sales force before the company became profitable. Get in on the ground floor. Ride the wave....if it is a good wave you'll make tons of money. If not, find the next wave. But for god's sake don't be swayed by one or two spurned reps who didn't get the job and then get on here and post exaggerations or flat out lies.
Click to expand...

Thanks for this! I agree with you 100%. I am just excited to come on board with a company who will treat us like adult, professional sales people! Drive the numbers and get results. Don't bog us down with stupid tracker reports that need to be turned in weekly. That is where I am now..BS reports that go into a black hole for who's benefit??? I am praying that November 4th brings good news so I can resign!!!!
 






Anonymous said:
Thanks for this! I agree with you 100%. I am just excited to come on board with a company who will treat us like adult, professional sales people! Drive the numbers and get results. Don't bog us down with stupid tracker reports that need to be turned in weekly. That is where I am now..BS reports that go into a black hole for who's benefit??? I am praying that November 4th brings good news so I can resign!!!!
Click to expand...


I'm in biotech sales and looking to jump ship before my company has its next layoff. For those who are currently in the field here is the culture really that different than the other biotech companies? I'm sick of juvenile role-playing and busy nonsense paperwork and checking the box. It seems like all the biotech companies have turned big pharma on us. How different is your working experience at cadence than your last biotech company? Thanks for any insight and good luck with your launch.
 






Anonymous said:
To the idiot who posted previously about Cadence not offering Long term disability. You are dead wrong. Cadence will pay the full cost of Long AND Short term disability benefits, which covers 60% of your salary upon disability. To the idiot who posted that Cadence will not have a 401k program. You are dead wrong. They will have a 401k program where you can put away as much as 100% pre-tax. There will not be a company match for the first year or so. Big deal. Big pharma gives a match of about 3%. The average person puts away 10k per year in their 401k so that means you'll be missing a whopping $3,000 match from Cadence. Big f'ing deal.
To the idiot crying about a lack of stock options on day 1. If they gave you 1,000 options at your hire date (say the price would be $12 after approval) and the Cadence stock price goes up to $17 after a year and you cash in. You would get a whopping $5k before taxes if you cash it in. Who the f cares about 5 grand. Have you seen the comp plan? Top 20% performers get loaded with options each year.

I just stumbled upon this thread today and couldn't believe the mis-information that was spewed. Yes the car program is a bit weak. We'll make it better after we get some sales $ flowing in. Same with the 401k match. If this product takes off (which most of the doc's I currently call on in the hospital think it will) you'll be making 60-70k in bonus a year. This is a start-up company people. The venture capitalists who have funded us wouldn't be too happy if tons of their money was going to reward the sales force before the company became profitable. Get in on the ground floor. Ride the wave....if it is a good wave you'll make tons of money. If not, find the next wave. But for god's sake don't be swayed by one or two spurned reps who didn't get the job and then get on here and post exaggerations or flat out lies.
Click to expand...

FACT - there is NO long Term Disability. FACT - the car program SUCKS. ARe you trying to convince others OR yourself?
 






Here are the facts...

Long-Term Disability
The Long-Term Disability plan provides you with a
benefit that replaces 60% of your base monthly
earnings. The maximum benefit payable is
$15,000 per month.

Short-Term Disability
The Short-Term Disability plan provides you with a
benefit that replaces 66.67% of your base weekly
earnings. The maximum benefit payable is $2,500
per week.
 






The above poster is correct. I spent 20 minutes confirming it on the phone with Cadence HR yesterday. After I got confirmation I was pissed at myself for wasting 20 mins on the phone to correct an anonymous poster who is trying to throw cold water on an opportunity that he or she did not get.

So if why are you spending so much time on here? I'm going to work for Cadence and am looking for any news that my new DM can't share with me yet. Can't wait to here your reasons.
 












Anonymous said:
The above poster is correct. I spent 20 minutes confirming it on the phone with Cadence HR yesterday. After I got confirmation I was pissed at myself for wasting 20 mins on the phone to correct an anonymous poster who is trying to throw cold water on an opportunity that he or she did not get.

So if why are you spending so much time on here? I'm going to work for Cadence and am looking for any news that my new DM can't share with me yet. Can't wait to here your reasons.
Click to expand...

That is "hear" not "here." Why don't you spend time researching their car allowance program. Why don't you also ask your manager what wonderful reports you will be given so you can adequately target your accounts. Why don't you ask what your proposed spending allowance will be.
 






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