Pros: great for gaining experience in the industry, salaries are fair, but since the merger with sp, there have been a lot of cuts in pay, lay offs, and annual raises below standard.
Cons: too much office politics, you have to play the "who do you know" game, no employee development planning or training, you’re told to "do more with less", what the ceo really meant was "do more for less", and don't be upset if they show you the door.
At Merck, you continually hear (from the CEO) that "our employees are the backbone of our business and our greatest asset". The problem - its all talk. As with most big businesses, it all comes down to the almighty dollar. In more than a dozen years at Merck, I learned that no matter how proficient you are at what you do, there is no real appreciation
– more... for the employees. As can be seen with the recent corporate cutbacks, most of the employees that were laid off were loyal employees who had been with the Company from 12 -25 years. Many of us were high performers – but that wasn't even taken into consideration. I think the decision was made based primarily on salary and how much the Company had to put into the employee pension plan. Now they're hiring new, younger employees (at much lower pay) to back fill our positions. Time will tell if the loss of experience will be translated into inefficiencies and compliance issues.
It's all about cutting costs. (Except when it comes down to bonus pay outs for the executive committee.) If the current CEO was really dedicated to his employees, he'd take a cut in pay (he only earned ~ $35 million last year) instead of cutting his "greatest assets". I give a lot of credit to the former CEO, as that is exactly what he did. That was/is true leadership. – less