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7 people found this helpful  

Danaher - You’ve stripped me of benefits (insurance/bonuses/pay raises/time off) but you will never get my dignity

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee  in  Richardson, TX
Current Employee - Anonymous Employee in Richardson, TX

I have been working at Danaher

Pros

Through Danaher’s management style, I’ve been able to observe and learn survival skills to stay afloat.

Cons

It has been approximately 2 years since being acquired by Danaher. The place where everyone was respected and wanted to work has transformed into a place of distrust and disgust. There is no longer any sense of loyalty and respect.

Advice to ManagementAdvice

Don’t make it so obvious that you are only out for a profit at any expense without any regards as to how it effects people. When the economy turns, you will lose good people.

Doesn't Recommend
Disapproves of CEO

Other Reviews for Danaher

  1. 3 people found this helpful  

    A Great Company for Select MBA's and A Tough Place to Work For Everyone Else

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Product Research and Development  in  Loveland, CO
    Current Employee - Product Research and Development in Loveland, CO

    I have been working at Danaher

    Pros

    Overall, job security is fairly good. Experts at manufacturing and optimization of manufacturing space. Danaher is very process driven company. Employees with MBA's from prestigious programs (e.g. Harvard MBA programs) are highly sought after and usually move up in the corporate ladder very rapidly. It is common to see MBA new hires move to a executive positions within 24 months.

    Cons

    If one is hired by Danaher and does not have a prestigious MBA, the employees rarely go anywhere. Promotions are exceptionally rare, regardless of accomplishment. Only executive staff receives promotions and / or bonuses. This company in Loveland was acquired by Danaher approximately 10 years ago and Danaher has consistently stripped company assets and benefits to meet the most recent numbers short term. The profit/revenue numbers are the bottom line for everything, and the treatment of employees is of trivial importance. Over the past 10 years since the Danaher acquisition, employees have lost vacation time, lost performance bonuses, have had their retirement plans stripped by 75%, pay more in medical premiums and co-pays, have been required to take numerous furloughs, eliminated corporate sponsored education programs and rarely if ever reward for good work. Please refer to a recent Business Week article that rates the Danaher retirement plans as the worst in the industry. When compensation increases are given, they are never to the level of the cost of living. It is truly a team effort to make the numbers, but there is no incentive to stay. Employee moral is very poor and it gets worse every year.

    Advice to ManagementAdvice

    Danaher management promotes high ethics and states their employees are its greatest asset. But this is strictly lip service. Management needs to walk the talk and follow through on promises and raise the motiviation level of their employees. Management need to actively demonstrate good conduct and walk the talk. They need to change their culture and show appreciation and empathy for their employees, who are the reason why this company consistently rocks Wall Street.

    Doesn't Recommend
    Disapproves of CEO
  2. 6 people found this helpful  

    Escape if you can

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Richardson, TX
    Current Employee - Anonymous Employee in Richardson, TX

    I have been working at Danaher

    Pros

    If you're a stockholder, historically this company has provided good returns.

    Cons

    If you are reading this because your company was recently acquired by Danaher, that's unfortunate. The next step is basically to strip you down as far as possible in order to achieve higher profits. Expect any "above-average" benefits your previous employer had to diminish over time. This includes pay raises (none with the current economy, minimal otherwise), bonuses (formulas to calculate will likely change to lower payout) , ESPP programs (non-existent) , restricted stock grants (only for *very* select individuals), etc. Basically any non-essential compensation should be removed.

    Danaher has an unparalleled ability to transform a good likable company into one that's despised by the majority of its employees. "Associates" are treated as expensive liabilities instead of valued assets. Unfortunately this model works very well for increasing operating profit, at the expense of the underlying individuals making it happen.

    Advice to ManagementAdvice

    Respect and appreciate your people? At least fake it?

    Doesn't Recommend
    Disapproves of CEO
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