Verizon – “Global team, flexible hours, but no growth and constant budget pressures”

Pros

- Company continues to re-invent itself using cutting-edge tech and look for new revenue streams (cisco telepresence, home automation, smart grid, M2M communication)
- Global team makes it a bit more interesting to work
- Most managers allow flexible hours and remote work arrangements

Cons

- Constant downsizing and left too few to work on too much
- Budget pressure continues to get ridiculous -- no travel, no new PCs, need VP approval to even order printer paper (so Managers never approve anything!!)
- No growth, all the hiring is either offshore (Verizon India has over 6,000 now) or temp foreign contractors at low-low rates (so you get what you pay for!)
- Morale is completely shot, incentives are basically non-existent especially for management employees

Advice to Senior Management

- Offer strong employee discounts on VZ products, very few employees use more than one VZ product (this will create a whole new salesforce that KNOWS the products)
- Start putting more funds into the incentive pool
- Re-introduce ESOP