Pfizer

www.pfizer.com
There are newer employer reviews for Pfizer

 

Despite recent problems still a good career option

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Pharmaceuticals Sales Representative in Madison, WI
Current Employee - Pharmaceuticals Sales Representative in Madison, WI

I have been working at Pfizer

Pros

The overall benefit package from pfizer is very good. They still have a portfolio of first in class drugs and a good R&D pipeline in certain areas such as cancer. Because they are one of the leading drug companies in the world it makes the job of selling easier. They are very well respected among customers so Doctors are willing to meet with you and discuss your products. The culture is still good from a sales reps perspective and the training is good. The resources available although never ideal are still way ahead of smaller competitors. Overall it's still a good place to work.

Cons

The landscape for pharmaceutical selling is changing rapidly and Pfizer has been slow to respond to the change. The way we conduct our business will have to change to meet the changing market and the way we are measured and compensated will need to change to make the sales job continue to be viable in the long term. Because it is a large organization there is a lot of bureaucracy. This slows things down at the local level. For example Pfizer doesn't contract competitively enough with managed care plans. They need to contract better at the local level.
There is a climate of fear and uncertainty about job security currently.

Advice to ManagementAdvice

They should put in place a more comprehensive approach to hiring managers and not just assessment based on sales.
Give more autonomy to regional mangers for decision making

Recommends
Disapproves of CEO

1239 Other Employee Reviews for Pfizer (View Most Recent)

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  1. 1 person found this helpful  

    Look elsewhere unless you are looking for a go no where 9-5 job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Manager in New York, NY
    Former Employee - Senior Manager in New York, NY

    I worked at Pfizer

    Pros

    work life balance is excellent. The challenge associated with work is minimal

    Cons

    Pfizer provides minimal to no upward mobility for their employees. The company is constantly reorganizing and as part of these reorganizations they are loosing the core identity. This only matters because a large number of the senior leaders (Sr Director Level) are oldschool Pfizer/Warner Lambert/Pharmacia employees which steers direction of the groups. Organization is hurting in short term

    Advice to ManagementAdvice

    Move away from cardiac medicine to other therapeutic areas (ie Cancer) makes sense, but why has it taken 2+ years of talking about it to make it happen? Deentralizing operations ensures that the group is unable to leverage the corporate scale with the exception of manufacturing.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Layoffs...our daily bread.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - QA Manager in Kalamazoo, MI
    Current Employee - QA Manager in Kalamazoo, MI

    I have been working at Pfizer

    Pros

    Benefits are above average, specially contributions toward 401K that are matched to one's age (the older one is, the higher the company's contribution). Health plan options abound to accommodate most situations. One has access to some of the most knowledgeable individuals in this industry, people that really show up to the right thing.

    Cons

    Pfizer has been trying to turn its financial woes around for at least 5 years. It has lost patent protection, and thus significant sources of revenue, in at least 10 products. The mother of them all, Lipitor, is just up ahead. The sever restructuring this has triggered, i.e., head count reductions, have gutted this company of talented personnel. If people are a company's most value assets, I am having a hard time seeing how that is being factor in decisions involving massive layoffs. We have gone from 94 manufacturing plants globally just 5 years ago to less than 40 by year's end. Manufacturing sites have become sourcing sites that compete with each other to remain part of the manufacturing network. How can US sites compete, cost-wise, with sites in India or China???? I see US sites "running scared" and that fear paralyzes decision-making and discourages innovation. Pfizer is shrinking and with it the necessary incentives for its employees to be engaged.

    Advice to ManagementAdvice

    My confidence in your turnaround plans is faltering. Provide clear guidance regarding the fortunes of the company, not just to Wall Street , but to your employees!!! Show up at the manufacturing sites!!! Have Q&As with folks at the manufacturing sites. Frankly, with no blockbusters on the table, is Pfizer really a stable place of employment??? Is Pfizer really intent on remaining in the business of developing and manufacturing pharmaceuticals? How can that be when R&D has been at the forefront of layoffs?

    Doesn't Recommend
    Disapproves of CEO
There are newer employer reviews for Pfizer

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