Has Novo ever had layoffs?

I'm thinking about interviewing. Just curious. Starting salary with 8-10 years no diabetes exp. Guessing 85-100K...True? Or is 100K starting not realistic?? Probably 95K max starting if your really good would be my bet. Management probably doesn't like offering new hires 100K to start - betcha 95K max starting is a rule. Commish will push you over 100K.

No, they PIP and fire you within 3 months. This way it is much cheaper!

Originally Posted by Anonymous

No, they PIP and fire you within 3 months. This way it is much cheaper!

This is the dumbest comment on the board. You have no idea how much it costs to hire, train, fire, and then do it all over again. If this happened to you, it's because you're a fucking moron. Plus, firing someone doesn't make their territory go away, so it's still an opening that has to be filled. Novo's trunover rate is extremely low, and before the expansion openings were posted, we had a 98%+ fill rate for our existing territories. Quit being stupid....but, perhaps you can't. Now I see why you only made it 3 months.

Novo seems like a great company that pays extremely well. How can they do all this with the number 2 long acting insulin on the market and an old short acting and a glp 1 that is second to the market and isnt once a week. Are they over extending themselves with this expansion?

Originally Posted by Anonymous

Novo seems like a great company that pays extremely well. How can they do all this with the number 2 long acting insulin on the market and an old short acting and a glp 1 that is second to the market and isnt once a week. Are they over extending themselves with this expansion?

The amount of insulin they sell worldwide is staggering.

Originally Posted by Anonymous

Novo seems like a great company that pays extremely well. How can they do all this with the number 2 long acting insulin on the market and an old short acting and a glp 1 that is second to the market and isnt once a week. Are they over extending themselves with this expansion?

Of course they are, but the arrogant ET has the green light to do whatever they want. It will come back to bite them in a few years. Novo is just following the path of Pfizer and Big Pharma.................

Originally Posted by Anonymous

This is the dumbest comment on the board. You have no idea how much it costs to hire, train, fire, and then do it all over again. If this happened to you, it's because you're a fucking moron. Plus, firing someone doesn't make their territory go away, so it's still an opening that has to be filled. Novo's trunover rate is extremely low, and before the expansion openings were posted, we had a 98%+ fill rate for our existing territories. Quit being stupid....but, perhaps you can't. Now I see why you only made it 3 months.

YOU are dumb. Managers PIP out those with high salaries.

I heard Puerto Rico had layoffs with severance

Originally Posted by Anonymous

YOU are dumb. Managers PIP out those with high salaries.

I've seen a lot of managers PIP out reps that they inherit. One manager I worked with started putting some of the female reps he didn't hire on PIPs. He said he wanted to recruit "his own football team." What a douchebag!

To answer the question of the OP: Yes, Novo has had several layoffs over the years, but usually people are singled out for execution.

Originally Posted by Anonymous

I heard Puerto Rico had layoffs with severance

This is unfortunately true. Novo has changed the business model for PR and for a few cites/states in the east that resulted in a few reps being displaced. No mass layoffs like what we see with big pharma.

Originally Posted by Anonymous

YOU are dumb. Managers PIP out those with high salaries.

Saving $30k in salary is chump change compared to what it costs to hire and train someone new. An average DCS territory generates $30k in a week and a half. Quit being stupid.

Originally Posted by Anonymous

Saving $30k in salary is chump change compared to what it costs to hire and train someone new. An average DCS territory generates $30k in a week and a half. Quit being stupid.

Awesome. I wish I could buy you a beer.

Originally Posted by Anonymous

YOU are dumb. Managers PIP out those with high salaries.

Has already happened to 6 reps, that I know of, this year, alone! Reps salaries over 90k with more than 30k in bonuses - reps that were in the Circle of Excellence within the past 4 years. Novo is unbelievably shady with it's tenured reps. If you want to remain a rep, then you better be looking at other companies and start bragging about your numbers, because your days at Novo Nordisk will be SHORT! Your only hope of survival is to position yourself for an RFT position - but you must be willing to relocate, and then do a rotation in the Home Office (which also requires relocation) and then finally, be ready to accept a DBM position that becomes available. The days of 25-year veterans who were reps and became managers (Philomena) are gone!

Originally Posted by Anonymous

Saving $30k in salary is chump change compared to what it costs to hire and train someone new. An average DCS territory generates $30k in a week and a half. Quit being stupid.

That DCS territory will still generate $30k a week with a Rep or without. Do you think all rx's for NNI stop being filled? Of course not. In fact there is a surge in business in the first few months in a vacant territory.

Quit being stupid.

Originally Posted by Anonymous

Has already happened to 6 reps, that I know of, this year, alone! Reps salaries over 90k with more than 30k in bonuses - reps that were in the Circle of Excellence within the past 4 years. Novo is unbelievably shady with it's tenured reps. If you want to remain a rep, then you better be looking at other companies and start bragging about your numbers, because your days at Novo Nordisk will be SHORT! Your only hope of survival is to position yourself for an RFT position - but you must be willing to relocate, and then do a rotation in the Home Office (which also requires relocation) and then finally, be ready to accept a DBM position that becomes available. The days of 25-year veterans who were reps and became managers (Philomena) are gone!

SPOT ON!

Originally Posted by Anonymous

That DCS territory will still generate $30k a week with a Rep or without. Do you think all rx's for NNI stop being filled? Of course not. In fact there is a surge in business in the first few months in a vacant territory.

Quit being stupid.

You make no point at all with that statement. My point is that saving $30k for a salary means nothing to the bottom line. Nothing. (For the learning impaired, the above was an example of little time it takes for NNI to make $30k). NNI could drop $30k on the ground and wouldn't bother to pick it up. If you think firing someone who makes $90k to replace them with someone who makes $60k means shit to NNI, then you just don't get it.

In short, quit being stupid.

Originally Posted by Anonymous

You make no point at all with that statement. My point is that saving $30k for a salary means nothing to the bottom line. Nothing. (For the learning impaired, the above was an example of little time it takes for NNI to make $30k). NNI could drop $30k on the ground and wouldn't bother to pick it up. If you think firing someone who makes $90k to replace them with someone who makes $60k means shit to NNI, then you just don't get it.

In short, quit being stupid.

I still have that beer for you

Originally Posted by Anonymous

You make no point at all with that statement. My point is that saving $30k for a salary means nothing to the bottom line. Nothing. (For the learning impaired, the above was an example of little time it takes for NNI to make $30k). NNI could drop $30k on the ground and wouldn't bother to pick it up. If you think firing someone who makes $90k to replace them with someone who makes $60k means shit to NNI, then you just don't get it.

In short, quit being stupid.

I do tend to agree with you - companies don't fire reps because they make higher salaries. But a counter-argument to your claim is the fact they just decided to grease us for a measly $5 a paycheck extra for fleet! Why would they do that unless they're penny pinching a little? Sounds like they're willing to pick that $5 bill of the ground, so why not 30k?!

Originally Posted by Anonymous

I do tend to agree with you - companies don't fire reps because they make higher salaries. But a counter-argument to your claim is the fact they just decided to grease us for a measly $5 a paycheck extra for fleet! Why would they do that unless they're penny pinching a little? Sounds like they're willing to pick that $5 bill of the ground, so why not 30k?!

Straight-UP! And, you can bet your life that some of the bean-counters stopped to do a little analysis of how much money they would make by holding the paychecks of the ENTIRE COMPANY for 2 extra weeks back in March when they decided to re-calibrate the paycheck schedule!

Originally Posted by Anonymous

Straight-UP! And, you can bet your life that some of the bean-counters stopped to do a little analysis of how much money they would make by holding the paychecks of the ENTIRE COMPANY for 2 extra weeks back in March when they decided to re-calibrate the paycheck schedule!

Seriously, you have to be kidding that you think that way! You are a complete moron!

Originally Posted by Anonymous

Straight-UP! And, you can bet your life that some of the bean-counters stopped to do a little analysis of how much money they would make by holding the paychecks of the ENTIRE COMPANY for 2 extra weeks back in March when they decided to re-calibrate the paycheck schedule!

Some companies charge $80 or more for a very basic car. An extra $5 bucks a paycheck is nothing...if it helps the company and we get our same choices, $5 is a bargain.

Originally Posted by Anonymous

Some companies charge $80 or more for a very basic car. An extra $5 bucks a paycheck is nothing...if it helps the company and we get our same choices, $5 is a bargain.

It depends on the company. Some charge less. The work-life balance car though is like a car payment! Almost $200 a month. Still can't complain about the free gas though. My point was that if the company is willing to bump fleet by $5 a check, they would be willing potentially to cut higher-salaried reps also.

Anyway, don't you think its a little coincidental that we changed fleet management services and a few weeks later, they bump the cost? Its probably something to do with offsetting the costs they incurred by changing.

Novo's benefits have always been best in industry, but look at the small changes they've been making over last few years - healthcare is going up. Our 401k's have changed. Now fleet.

Originally Posted by Anonymous

It depends on the company. Some charge less. The work-life balance car though is like a car payment! Almost $200 a month. Still can't complain about the free gas though. My point was that if the company is willing to bump fleet by $5 a check, they would be willing potentially to cut higher-salaried reps also.

Anyway, don't you think its a little coincidental that we changed fleet management services and a few weeks later, they bump the cost? Its probably something to do with offsetting the costs they incurred by changing.

Novo's benefits have always been best in industry, but look at the small changes they've been making over last few years - healthcare is going up. Our 401k's have changed. Now fleet.

Man, $200 a month is a STEAL. I wish I still had a company car.

Originally Posted by Anonymous

This is the dumbest comment on the board. You have no idea how much it costs to hire, train, fire, and then do it all over again. If this happened to you, it's because you're a fucking moron. Plus, firing someone doesn't make their territory go away, so it's still an opening that has to be filled. Novo's trunover rate is extremely low, and before the expansion openings were posted, we had a 98%+ fill rate for our existing territories. Quit being stupid....but, perhaps you can't. Now I see why you only made it 3 months.

You are so brain washed! Novo fires people all the time, our manager fired half of the district to bring in his own people!

Originally Posted by Anonymous

Man, $200 a month is a STEAL. I wish I still had a company car.

I think it's $170 a month, for car, gas, business tolls, no repair costs. My other car payment is $550/month plus insurance, gas, tolls, maintenance. Quit your bitching

Originally Posted by Anonymous

You are so brain washed! Novo fires people all the time, our manager fired half of the district to bring in his own people!

Did you even read any of the other posts? No one said people don't get fired. Of course they do. However, it isn't a cost-savings method, and we don't fire people in order to avoid lay-offs. Read next time.

Stop drinking the berry Koolaid. Of course they target high paid employees for termination. The catch is they must be close to retirement. If you are a long term employee, have been an outstanding performer and are making a high salary the target on your back is so big a blind man could hit it with a defective glue gun from twenty feet away.

And it isn't the salary to the poster who believes they are the economic voice of this thread, it is the TOTAL cost of that employee to the corporation once they hit 55...severence, options medical, pension (if Novo offers that)...those downstream costs ($5M...per person) that make an annual salary look like peanuts--she was right on that point.

That is what the company wants to avoid. So they will debase and humiliate some poor schlump who thought they could continue to produce a fine work product and sail past 55 and into retirement at 60. It happens...to more women than men actually, interesting statistic. Not surprising though right gals?

Originally Posted by Anonymous

Stop drinking the berry Koolaid. Of course they target high paid employees for termination. The catch is they must be close to retirement. If you are a long term employee, have been an outstanding performer and are making a high salary the target on your back is so big a blind man could hit it with a defective glue gun from twenty feet away.

And it isn't the salary to the poster who believes they are the economic voice of this thread, it is the TOTAL cost of that employee to the corporation once they hit 55...severence, options medical, pension (if Novo offers that)...those downstream costs ($5M...per person) that make an annual salary look like peanuts--she was right on that point.

That is what the company wants to avoid. So they will debase and humiliate some poor schlump who thought they could continue to produce a fine work product and sail past 55 and into retirement at 60. It happens...to more women than men actually, interesting statistic. Not surprising though right gals?

What large corporation DOESN'T target highly paid long time older employees that are close to retirement?? The difference is *some* companies offer their employees in that category a package to entice them leave voluntarily. But even then, taking a package might not be the best thing to do.

I was one of those "poor schlumps", and I still was producing a fine work product, but they didnt give a shit. They simply me threw out because I didnt raise my hand when they offered the early retirement pakage. My severance pay wasnt quite as generous had I accepted the buy out that was offered. The difference was I got to collect unemployment insurance for two years, which I was NOT eligible for had I voluntarily taken the package. So while I knew I wore the invisible bullseye on my back, if they thought I was going to make it easy for them, and thereby screw myself out of more than $40,000 of unemployment, they had another thing comming.

Awful to meet under such horrific circumstances. I hear and feel your painful circumstances and I am deeply sorry for what has happened to you.

While your experience is true, I belive we are speaking about two different things. It sounds like, respectfully, you were offered an early retirement that you declined because you still had some great work to offer the company and you did not want to limit your opportunity to claim UI benefits so you 'hung' in and were severed as a result at which point you received UI benefits.

The perspective on the table is the irony of what happens to successful, productive, high performing people simply on the basis of (a theory) their age AND their high performance. In other words, if you are a longstanding employee with the company who is "50ish" and a moderate performer you may be at LESS risk of wearing that TARGET referred to in the last post. Conversely, a widely successful, consistent high performing long term employee of the company who is fift... is at HIGH RISK of termination. Not being offered a package--FIRED. in California companies can fire you at any time and not for cause.

This can be alarming and confusing. And if you hang around long enough to actually get terminated (I can beat that PIP...I know I can!!!) you have to be very creative in what you will tell to a future employer. Securing UI benefits from EDD is the least of your concerns although that aint easy.

Originally Posted by Anonymous

Awful to meet under such horrific circumstances. I hear and feel your painful circumstances and I am deeply sorry for what has happened to you.

While your experience is true, I belive we are speaking about two different things. It sounds like, respectfully, you were offered an early retirement that you declined because you still had some great work to offer the company and you did not want to limit your opportunity to claim UI benefits so you 'hung' in and were severed as a result at which point you received UI benefits.

The perspective on the table is the irony of what happens to successful, productive, high performing people simply on the basis of (a theory) their age AND their high performance. In other words, if you are a longstanding employee with the company who is "50ish" and a moderate performer you may be at LESS risk of wearing that TARGET referred to in the last post. Conversely, a widely successful, consistent high performing long term employee of the company who is fift... is at HIGH RISK of termination. Not being offered a package--FIRED. in California companies can fire you at any time and not for cause.

This can be alarming and confusing. And if you hang around long enough to actually get terminated (I can beat that PIP...I know I can!!!) you have to be very creative in what you will tell to a future employer. Securing UI benefits from EDD is the least of your concerns although that aint easy.

Thanks for the empathy, but truth be known, for me, it wasn't all that bad. I landed on my feet, and I'm happier now than I was while I was working for my former employer. In my particular circumstances, I didnt accept a buyout for reasons other than just being eligible to collect unemployment insurance. I hung in because I had 30+ years of service with them, and as such, I was immediately eligible to collect a pension from them regardless of my age. That, and having two kids in college is why I decided not to voluntarily leave. At the time, cash flow from a regular paycheck was important. I hated working for them, and while the quality of my work product remained high, I didnt go the extra mile like I had years before. When told I was being let go, I actually felt a sense of relief. But you're right, there were younger people than I, the quality of their work was fair to poor, and yet they remained with the company. One friend called me upon hearing the news, and she was furious with our boss, saying to me "Has Mark (our boss) lost his mind? What's the matter with him? You're gone, and that idiot John is still here!"

There was no PIP involved, I was simply fired. If I had been put on "The measured mile" (some people were, and were managed out of the business) there is no "beating" it. You could walk on water doing your job, but they'd just ignore that, and say you didnt do what was required, and fire you.

As for telling future employers the circumstances of my departure, they all pretty much know the story. My former employer is a Fortune 500 international company, they did a ton of outsourcing of IT jobs. You'd recognize their name instantly, and most HR people at other firms know how they decimated their workforce so I didnt have to get creative. I'm working now, I have what I call a retirement job. It doesnt pay very well, but I have my pension as income too. My annual income is about two thirds of my former salary, but I'd rather do what I'm doing now than go back into the pressure cooker. The stress level at my current job is zero. I like the people I work with, we have a lot of laughs, and life aint so bad.