Don't know what is wrong with you, but no one has said that it is an employer's responsibility to save for their employees. The previous post was just stating the facts about how many people don't save enough for retirement, probably even you included. Just loosen up the brains cells long enough to understand how people think, then you would be attune to the fact that we live in a society where spending money you don't have is a way of life. Couple that with poor education on the need to invest and you end up with alot of people who have lived way above their means on credit, only realize the facts of life when its too late. And to your reccommendation of buying annuities, that is a really poor investment choice. Apparantly even you don't have a good enough education about investing wisely. I would not throw stones.
I agree...these spoiled narcissists don't realize how difficult it has been for Phrma reps the past 5-7 years. All you reps w/ 20+ years in Phrma lived through days of better salaries, better bonuses, time/relationships with customers, stock options/RSU's/Pensions worth quadruple that of ours. Also, you never had to worry about losing your job. Can you blame us for being dejected and negative? We have lived through hell and pray to keep our jobs year after year. I have lived through 5 rounds of layoffs in the past 8 years. Most of the negativity on this site is a defense mechanism to sound as if we don't care about being laid off. The more we say how much the industry is dead and how little we care, the less bad we feel about being let go. Psychology101. Take a step back you 20+ reps and try to empathize with our generation of sales reps. As we attempt to advance our careers and build a better life for ourselves and family, we are only trapped in an era of downsizing, cost-cutting, and the disloyal employer.
I agree...these spoiled narcissists don't realize how difficult it has been for Phrma reps the past 5-7 years. All you reps w/ 20+ years in Phrma lived through days of better salaries, better bonuses, time/relationships with customers, stock options/RSU's/Pensions worth quadruple that of ours. Also, you never had to worry about losing your job. Can you blame us for being dejected and negative? We have lived through hell and pray to keep our jobs year after year. I have lived through 5 rounds of layoffs in the past 8 years. Most of the negativity on this site is a defense mechanism to sound as if we don't care about being laid off. The more we say how much the industry is dead and how little we care, the less bad we feel about being let go. Psychology101. Take a step back you 20+ reps and try to empathize with our generation of sales reps. As we attempt to advance our careers and build a better life for ourselves and family, we are only trapped in an era of downsizing, cost-cutting, and the disloyal employer.
Exactly what a true narcasist would say. Lets spell it out, its not about being unhappy, but unless you live under a rock these are very uncertain and stressful times in the workplace. Oh, I forgot that you would not feel that since you have the benefit of enjoying a pension after 25 years. You should feel fortunate and blessed. In todays climate, companies do not offer the great pensions that you are so able to benefit from now. Many large companies, like IBM, froze their pensions years ago, and in the next few years, it will be difficult at all to find a company that offers a pension to new or existing employees. Unfortunately, those who have enjoyed retiring under a good pension benefit plan, all too often, are too self-directed to care about the generations who will not have than benefit-----no matter how long they will stay with a company. Pfizer eliminated its pension to new employees. And just in case you want to respond like a dick thinking I'm just a newbie to the workforce. I will also be enjoying a retirement pension, unfortunately not as long as you have been because Pfizer will freeze my pension within a few years, EVEN IF I STAY FOR 25 YEARS LIKE YOU. I am just capable of understanding the value of what a pension offers in retirement that many younger than myself will not benefit from. Its called empathy!!!!!!
Severed?! Why the fuck aren't you running the the ER, asshole?!
I agree...these spoiled narcissists don't realize how difficult it has been for Phrma reps the past 5-7 years. All you reps w/ 20+ years in Phrma lived through days of better salaries, better bonuses, time/relationships with customers, stock options/RSU's/Pensions worth quadruple that of ours. Also, you never had to worry about losing your job. Can you blame us for being dejected and negative? We have lived through hell and pray to keep our jobs year after year. I have lived through 5 rounds of layoffs in the past 8 years. Most of the negativity on this site is a defense mechanism to sound as if we don't care about being laid off. The more we say how much the industry is dead and how little we care, the less bad we feel about being let go. Psychology101. Take a step back you 20+ reps and try to empathize with our generation of sales reps. As we attempt to advance our careers and build a better life for ourselves and family, we are only trapped in an era of downsizing, cost-cutting, and the disloyal employer.
Whine whine whine. Bonuses were not better20 yrs ago. There were several rounds of survival during this time. If people were unhappy, they left. Feel free to do the same. No one owes you a living. You make your own and in all phases of success, timing is important. It is a fact of life. I will agree that there is little loyalty by companies vs yes ago, but again, a thing of the time.
What this dumbass is failing to disclose is that back in the early 90's when there was a round of layoffs (that lasted about 2 yrs vs. the 6+ years reps. have had to deal with today) there were alot of pharma companies around to look for work. In the past 10 years, that has all changed, as most if not all, have been taken over by the likes of (let me guess) Pfizer. Dufus, there is no where to go now. That is a hugh distinction you decided not to disclose because, like many others, you are one of the big, fat, idiots who have infiltrated this industry and destroyed it.
This is exactly what happened in the good old days of pharma.
Layoffs of sales reps were far and few between. This was because if Wallstreet even got wind of an impending layoff, the stock price would plummet. Today it's the exact opposite. Those crooks on Wallstreet get a hard on when companies layoff and turn it into a short term price increase and profit from it.
It took an act of congress to get terminated for just about anything. Back then, HR protected the hell out of the employees. Probably because they knew too much and didn't want retribution in the form of lawsuits and criminal investigations.
Base salaries were just a bit below today's, but imagine how well that paid back then when the dollar was worth much more? Bonuses were about what today's are now, $20k/year, but everyone made bonus, not just the top half like today.
Stock options stock options stock options!!! I know drug reps who became millionaires practically overnite from the dotcom tech boom. Pharma stock prices were always quite low, but when the tech boom hit, the pharma stock prices boomed too. As long as they cashed the stock options out when vested, they made mucho money. Some held it for too long and went from millionaires to $100 thousand aires, but still made good money from the options or RSUs.
Today, we get low options if any at crappy sell off prices. A few bucks here and there if lucky.
Cars were free. No $115/mo charges crap. Meds were free. health insurance was free. Pensions for everyone that grew very well. Now, no pensions for newbies and they dickered with the interest rates regarding inflation and cost of living adjustments, so the lump sums are smaller as well as your payments will be upon retirement, if anyone can last in this company that long anymore.
Free healthcare for retirees. Now, it costs alot and they can take it away any time they please.
No reach and frequency or other god awful metrics. It was your territory, apply the 80/20 rule and have at it. Managers were selling partners in the field, not an asshole obstruction and relentless annoyance.
I think that's enough for now.
Quite the opposite. The majority of us during this era were respectable and proud to do what we did day to day. What is an embarrasement is the junk I read on these thread, clearly contributing to the downfall of this once respectable industry. By the way, you are wrong about the rep that was severed years ago as decision was based on performance, not tenure. This is not a union job.
Quite the opposite. The majority of us during this era were respectable and proud to do what we did day to day. What is an embarrasement is the junk I read on these thread, clearly contributing to the downfall of this once respectable industry. By the way, you are wrong about the rep that was severed years ago as decision was based on performance, not tenure. This is not a union job.
This is exactly what happened in the good old days of pharma.
Layoffs of sales reps were far and few between. This was because if Wallstreet even got wind of an impending layoff, the stock price would plummet. Today it's the exact opposite. Those crooks on Wallstreet get a hard on when companies layoff and turn it into a short term price increase and profit from it.
It took an act of congress to get terminated for just about anything. Back then, HR protected the hell out of the employees. Probably because they knew too much and didn't want retribution in the form of lawsuits and criminal investigations.
Base salaries were just a bit below today's, but imagine how well that paid back then when the dollar was worth much more? Bonuses were about what today's are now, $20k/year, but everyone made bonus, not just the top half like today.
Stock options stock options stock options!!! I know drug reps who became millionaires practically overnite from the dotcom tech boom. Pharma stock prices were always quite low, but when the tech boom hit, the pharma stock prices boomed too. As long as they cashed the stock options out when vested, they made mucho money. Some held it for too long and went from millionaires to $100 thousand aires, but still made good money from the options or RSUs.
Today, we get low options if any at crappy sell off prices. A few bucks here and there if lucky.
Cars were free. No $115/mo charges crap. Meds were free. health insurance was free. Pensions for everyone that grew very well. Now, no pensions for newbies and they dickered with the interest rates regarding inflation and cost of living adjustments, so the lump sums are smaller as well as your payments will be upon retirement, if anyone can last in this company that long anymore.
Free healthcare for retirees. Now, it costs alot and they can take it away any time they please.
No reach and frequency or other god awful metrics. It was your territory, apply the 80/20 rule and have at it. Managers were selling partners in the field, not an asshole obstruction and relentless annoyance.
I think that's enough for now.
This is exactly what happened in the good old days of pharma.
Layoffs of sales reps were far and few between. This was because if Wallstreet even got wind of an impending layoff, the stock price would plummet. Today it's the exact opposite. Those crooks on Wallstreet get a hard on when companies layoff and turn it into a short term price increase and profit from it.
It took an act of congress to get terminated for just about anything. Back then, HR protected the hell out of the employees. Probably because they knew too much and didn't want retribution in the form of lawsuits and criminal investigations.
Base salaries were just a bit below today's, but imagine how well that paid back then when the dollar was worth much more? Bonuses were about what today's are now, $20k/year, but everyone made bonus, not just the top half like today.
Stock options stock options stock options!!! I know drug reps who became millionaires practically overnite from the dotcom tech boom. Pharma stock prices were always quite low, but when the tech boom hit, the pharma stock prices boomed too. As long as they cashed the stock options out when vested, they made mucho money. Some held it for too long and went from millionaires to $100 thousand aires, but still made good money from the options or RSUs.
Today, we get low options if any at crappy sell off prices. A few bucks here and there if lucky.
Cars were free. No $115/mo charges crap. Meds were free. health insurance was free. Pensions for everyone that grew very well. Now, no pensions for newbies and they dickered with the interest rates regarding inflation and cost of living adjustments, so the lump sums are smaller as well as your payments will be upon retirement, if anyone can last in this company that long anymore.
Free healthcare for retirees. Now, it costs alot and they can take it away any time they please.
No reach and frequency or other god awful metrics. It was your territory, apply the 80/20 rule and have at it. Managers were selling partners in the field, not an asshole obstruction and relentless annoyance.
I think that's enough for now.
