Ready to get "re-badged" and loose 1/2 your spepration package?

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Anonymous

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The new trend is to lay you off but "re-badge" you to an outsource company

If you are a U.S.-based employee whose employment ends because your job is eliminated through outsourcing and you are offered a job with the outsource vendor (a "rebadged employee"), you will be eligible for select separation benefits

50% of the separation pay schedule

Another way to screw the employees.
 






Anonymous said:
The new trend is to lay you off but "re-badge" you to an outsource company

If you are a U.S.-based employee whose employment ends because your job is eliminated through outsourcing and you are offered a job with the outsource vendor (a "rebadged employee"), you will be eligible for select separation benefits

50% of the separation pay schedule

Another way to screw the employees.
Click to expand...



Don't take it personally. It is just business. You'd do the same thing if you were the owner of this company. Besides, you are all overpaid anyway. Shesh, the bonuses and cars, pension and exceedingly high salary, for what?

Time to share the pain.
 






Anonymous said:
Don't take it personally. It is just business. You'd do the same thing if you were the owner of this company. Besides, you are all overpaid anyway. Shesh, the bonuses and cars, pension and exceedingly high salary, for what?

Time to share the pain.
Click to expand...

Obviously you are not out here dealing with what we are dealing with. Your comment is lacking an intelligent foundation and you have a small phallus.
 






Anonymous said:
The new trend is to lay you off but "re-badge" you to an outsource company

If you are a U.S.-based employee whose employment ends because your job is eliminated through outsourcing and you are offered a job with the outsource vendor (a "rebadged employee"), you will be eligible for select separation benefits

50% of the separation pay schedule

Another way to screw the employees.
Click to expand...

This is potentially what people are being offered.


http://www.philly.com/philly/business/127578153.html
 












This doesn't sound right. You will get severed from Merck who can offer no guarantee of continuing employment with the outsourcing contractor. You will be offered a position at the outsourcing contractor contingent on accepting a portion of what you are entitled to from your severance? I think that these are two separate transactions. You should still get your full severance which, by the way, is not pay or a gift but compensation for building towards retirement and end-of-service benefits offfered in good faith so that you do not drag the process through the legal system. I would bet that the severance from the contractor is exactly zero once you start. Were Merck in collusion with the outsourcing contractor as your description suggests, they might just as well pay you off at 1/2 package and get the outsourcer to lay you off the next day for nothing. And then hire back anyone at market rates. Typically moving off to a contractor you will get your severance first , and you sign a contract with the contractor that keeps you whole as far as your salary and health insurance for a contract period - often 12 months. After that it's anybody's guess what you can command. This gives assurance that the contractor can supply the trained labor through the transition period.
 












Anonymous said:
Don't take it personally. It is just business. You'd do the same thing if you were the owner of this company. Besides, you are all overpaid anyway. Shesh, the bonuses and cars, pension and exceedingly high salary, for what?

Time to share the pain.
Click to expand...

Not all reps are so high paid. I have people on my team that are exec and sr execs making high money....but not many of us......
 






Anonymous said:
The new trend is to lay you off but "re-badge" you to an outsource company

If you are a U.S.-based employee whose employment ends because your job is eliminated through outsourcing and you are offered a job with the outsource vendor (a "rebadged employee"), you will be eligible for select separation benefits

50% of the separation pay schedule

Another way to screw the employees.
Click to expand...

Sounds like they are not interested in any of the expensive Execs/Sr Execs or those with lots of years,continuing in any form....Incentive to take the money and close the door...after all,they are the only ones getting any worthwhile severence......

For low paid reps with less than 10 years in its a toss up. 50% of peanuts is still peanuts.
Use it while you look for another job (salary is a few bucks above unemployment)....or, if you have a working spouse,you may be able to get by on it....
 






Why people like to comment about the "free" car so much. Mine is always loaded with Merck materials. It does not work as a persona/family car. It is a tool and it sits in the garage when I am done with the day.
 






Anonymous said:
Why people like to comment about the "free" car so much. Mine is always loaded with Merck materials. It does not work as a persona/family car. It is a tool and it sits in the garage when I am done with the day.
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The posters who use the garbage about the "free car" don't work in the industry. We pay for the use of the car with payroll deductions. There is nothing free about it.
 












Anonymous said:
Don't take it personally. It is just business. You'd do the same thing if you were the owner of this company. Besides, you are all overpaid anyway. Shesh, the bonuses and cars, pension and exceedingly high salary, for what?

Time to share the pain.
Click to expand...

If you don't own at least 1,000 shares or more of Merck stocks then stop talking about it is just business. You can talk like that when you finally own that many shares as I do.

Not to mention you don't work in the industry and your perception is, well, a perception. You can tell by the words, "overpaid", "bonuses", "cars", pension, and "exceedingly high salary".

P.S. Merck & Co., Inc. does not have an owner per se.
 






Rep just vested with 5 years. No shares of anything and low salary, unlike all the high salary bloat Im reading on this board. I know a few of the old timer reps who make big money but they are few from what I see. Managers seem to have the high ticket salaries.
 






Anonymous said:
Rep just vested with 5 years. No shares of anything and low salary, unlike all the high salary bloat Im reading on this board. I know a few of the old timer reps who make big money but they are few from what I see. Managers seem to have the high ticket salaries.
Click to expand...


crazy huh?? Managers do get paid crazy well here, and for what?? They do absolutely nothing of value...

friggin' Corporate Wellfare is alive and well at Jerck & Co., Inc.
 






Anonymous said:
Rep just vested with 5 years. No shares of anything and low salary, unlike all the high salary bloat I'm reading on this board. I know a few of the old timer reps who make big money but they are few from what I see. Managers seem to have the high ticket salaries.
Click to expand...

The starting pay for a new Merck rep is much higher than when the old timers like myself started, $25K a year then. Wow! Not everyone made it to their 10th, or 15th, and beyond to earn the rumored big bucks. People like to exaggerate. The remaining old timers, if any good, can pick up the phone and call a key customer at home. Something you'll never see anymore when they are all forced out or retire. Some managers like to create class warfare amongst the reps by floating stories. Some reps like to act as if they have received huge pay raises. Heard that kind of BS all the time over the years.
 






Anonymous said:
Rep just vested with 5 years. No shares of anything and low salary, unlike all the high salary bloat Im reading on this board. I know a few of the old timer reps who make big money but they are few from what I see. Managers seem to have the high ticket salaries.
Click to expand...

Isnt is great to know that the 5 year mark and a vest are hardly worth a thing....it takes a 10 year mark to be seen without a microscope!!!

Its those with 20 or 30 that have some sweet pickins....
 






Anonymous said:
The starting pay for a new Merck rep is much higher than when the old timers like myself started, $25K a year then. Wow! Not everyone made it to their 10th, or 15th, and beyond to earn the rumored big bucks. People like to exaggerate. The remaining old timers, if any good, can pick up the phone and call a key customer at home. Something you'll never see anymore when they are all forced out or retire. Some managers like to create class warfare amongst the reps by floating stories. Some reps like to act as if they have received huge pay raises. Heard that kind of BS all the time over the years.
Click to expand...

Started with a $50K base and fifteen years later it was $124K. That was my salary when I told them to kiss my ass. It was the smartest move I've ever made. I don't miss anything about that shithole company or the people who work there.
 






Anonymous said:
Started with a $50K base and fifteen years later it was $124K. That was my salary when I told them to kiss my ass. It was the smartest move I've ever made. I don't miss anything about that shithole company or the people who work there.
Click to expand...

WOWOWOWOWOW....CLOSE TO RETIREMENT AGE AND NO WHERE NEAR THAT FIGURE!!!! You legacy long time employees have a totally different salary structure than those of us with less than even a mere 10 years.

OMG I will never see such as salary and in my 50s now.
 






Anonymous said:
Started with a $50K base and fifteen years later it was $124K. That was my salary when I told them to kiss my ass. It was the smartest move I've ever made. I don't miss anything about that shithole company or the people who work there.
Click to expand...

Talk about an overpaid employee! For what, a glorified cafeteria worker. No wonder Merck is cutting across the board. Time to trim the fat.

And yes, having a car is a perk. You don't pay what you would have to pay if it was your own car. So, stop your whining. And you can use it for personal use.

The whiners here are just like the union abusers in the car industry and our gov't services. Always crying that they don't have enough.


Shut up and do your job.
 






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