Question for PSS vets

#1 08-04-2005, 03:49 PM

On the average, what percentage of contracts would you say end early? Is there a severance pkg?

#2 08-04-2005, 04:00 PM

No severance. I've had 3 out of 5 end early.

#3 08-04-2005, 05:25 PM

Contracts ending early are rare as the manufacturer still needs to pay PSS if that happens. It is something that both companies try to avoid.

#4 08-04-2005, 05:56 PM

not true; common occurance at pdi, ventiv and innovex; starts with major layoffs nationwide then those territories remain open until whole contract is terminated.

#5 08-04-2005, 06:03 PM

The cso signs a contract, it either extends, or cuts short, rarely anything in the middle(i.e the actual length of the original contract). There is a clause that either party may exercise the right to either 30/60/90 day notice. The contract must be paid only to the point of the notice being given-either the 30/60/90 There is no severance. It's their way or the highway.

#6 08-04-2005, 10:10 PM

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On the average, what percentage of contracts would you say end early? Is there a severance pkg?

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I have worked for PSS for 5 years, 3 contracts, none of them ended early. One of them was extended. I hope it wont end early but that will be up to us.

#7 08-04-2005, 10:10 PM

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On the average, what percentage of contracts would you say end early? Is there a severance pkg?

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I have worked for PSS for 5 years, 3 contracts, none of them ended early. One of them was extended. I hope it wont end early but that will be up to us. No severence package. When it ends, so does your pay.

#8 08-05-2005, 10:33 AM

I happen to know that this contract specifically would look to roll over some of the reps, generally the newer to industry reps, hence the 80/20 rule. Ok based on that it COULD end early due to the fact that if the product gets on a good run by the end of year one-they can absorb who they want, maybe 80% of the pss, the rest will be out of work. No severance. I believe there is a 30 day clause on rollover.

#9 08-05-2005, 10:33 AM

I happen to know that this contract specifically would look to roll over some of the reps, generally the newer to industry reps, hence the 80/20 rule. Ok based on that it COULD end early due to the fact that if the product gets on a good run by the end of year one-they can absorb who they want, maybe 80% of the pss, the rest will be out of work. No severance. I believe there is a 30 day clause on rollover.

#10 08-05-2005, 01:12 PM

If you think they would roll over 80% you are living in a dream world. How many reps actually get rolled over. Maybe a few- if even that many. Think how many PSS reps are still here looking to get on a contract. Ask them if they know any of their friends at PSS or any contract company that got rolled over. Give up on that fantasy and just do your job while the contract is on, then wait for the next contract to come along. Be realistic and go into this with open eyes and you will enjoy it more.

#11 08-05-2005, 02:11 PM

Well you don't really know ANYTHING! That is why I stated that this was not exactly your every day run of the mill, garden variety contract, you ignoramous! it is the first time that Takeda has utilized the services of a cso, they set the parameters, and many struggled with the "reality" of what they hope to achieve. They are in collaboration to expand their sales force to a fairly large degree, and thus came the 80-20 rule. The level 2's are being told they will be looked at for mgmnt material for pss on future business. If you know something that has changed since the 8 weeks of negotiations, then certainly you are free to speak up. If you don't know, then you are guessing, as you are probably the 5 yr veteran at pss, and where else do you think you will be going? http://www.cafepharma.com/ubbthreads...s/confused.gif

#12 08-05-2005, 05:23 PM

They'll be looking for management potential regardless if you're a level 1 or level 2. Many of the level ones (that have expressed management interest) in my district have many years of pharma experience.

#13 08-05-2005, 07:14 PM

[ QUOTE ]
If you think they would roll over 80% you are living in a dream world. How many reps actually get rolled over. Maybe a few- if even that many. Think how many PSS reps are still here looking to get on a contract. Ask them if they know any of their friends at PSS or any contract company that got rolled over. Give up on that fantasy and just do your job while the contract is on, then wait for the next contract to come along. Be realistic and go into this with open eyes and you will enjoy it more.

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Finally! An honest post!!

#14 08-05-2005, 07:21 PM

[ QUOTE ]
They'll be looking for management potential regardless if you're a level 1 or level 2. Many of the level ones (that have expressed management interest) in my district have many years of pharma experience.

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Blah, blah, blah....Is this Bob posting? Sounds like Bob.....

Of course we believe that your level one reps are soooo experienced - that's why they can't even locate their DM!! And then they're dumb enough to put out a post whining about it!!! If you succeed in selling them on these FALSE hopes, next you can sell those fools the Brooklyn Bridge!!!!

#15 08-05-2005, 11:53 PM

[ QUOTE ]
[ QUOTE ]
They'll be looking for management potential regardless if you're a level 1 or level 2. Many of the level ones (that have expressed management interest) in my district have many years of pharma experience.

[/ QUOTE ]

Blah, blah, blah....Is this Bob posting? Sounds like Bob.....

Of course we believe that your level one reps are soooo experienced - that's why they can't even locate their DM!! And then they're dumb enough to put out a post whining about it!!! If you succeed in selling them on these FALSE hopes, next you can sell those fools the Brooklyn Bridge!!!!

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I agree...Takeda can pull the contract at any time and you will all be out in the street. Don't let PSS sell you a lie.

#16 08-06-2005, 11:40 AM

Wow, you fucks are bitter. Please find another industry... or do you prefer to whine and bitch and moan while sucking on the pharma tit? Grow the fuck up, life's too short to be as miserable as some of you people are with this job. MONSTER.COM. Click it.

#17 08-06-2005, 02:15 PM

I have always heard that this was the toughest industry to break into and the toughest to lose your job. That has all changed. Its not so hard to get into, but they are always cutting back, realigning, redeloying and re-vamping that you are always sweating if you will land a job, keep the one you have or being turning in another set of car keys-my third. http://www.cafepharma.com/ubbthreads...ns/shocked.gif

#18 08-06-2005, 08:45 PM

[ QUOTE ]
[ QUOTE ]
If you think they would roll over 80% you are living in a dream world. How many reps actually get rolled over. Maybe a few- if even that many. Think how many PSS reps are still here looking to get on a contract. Ask them if they know any of their friends at PSS or any contract company that got rolled over. Give up on that fantasy and just do your job while the contract is on, then wait for the next contract to come along. Be realistic and go into this with open eyes and you will enjoy it more.

[/ QUOTE ]

Finally! An honest post!!

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It really depends on the company doing the contracting. Some will hire alot of reps and some just hire a few. The RB contract most were hired. The Janssen contract I dont think any were rolled over. You cant predict what is in the minds of Takeda Mgmt!!!!

#19 08-07-2005, 03:16 AM

If you think Takeda will roll over any more than a handful of PPS reps you are living in a dream world. Please for the sake of you and your family, don't just openly believe what the hiring managers are portraying to you. From what I hear, they are having a difficult time getting reps to sign on for the takeda contract. There is a reason for this. Don't be stupid and ask questions. If the answers to those questions seem to be too good to be true - well then - why do you think that is? Ya, 80% will be rolled over and hired at takeda. We're lookning to develop PSS reps to management positions... What a crock of shit. I've heard that a million times before and it has NEVER happened. That's why they only get new reps right out of college. They are the only ones that believe the BS.

#20 08-07-2005, 07:57 AM

The previous post is correct. Please don't start drinking the kool aid. In a perfect world, Takeda would take the 2 yrs and hire everyone within the first year and offer pay increases and cars and all the wonderful perks. It rarely happens, some smaller companies use the cso to build their sales team. The parameters set forth as outlined for this deal is to make the customer competitive with SA and their huge sales force, and be able to trim down, as the launch phase ends. They really don't need to add more reps as the docs start responding and writing the product. They need help getting the message out.....thanks for being realistic. http://www.cafepharma.com/ubbthreads...lins/smile.gif

#21 08-07-2005, 07:57 AM

The previous post is correct. Please don't start drinking the kool aid. In a perfect world, Takeda would take the 2 yrs and hire everyone within the first year and offer pay increases and cars and all the wonderful perks. It rarely happens, some smaller companies use the cso to build their sales team. The parameters set forth as outlined for this deal is to make the customer competitive with SA and their huge sales force, and be able to trim down, as the launch phase ends. They really don't need to add more reps as the docs start responding and writing the product. They need help getting the message out.....thanks for being realistic. http://www.cafepharma.com/ubbthreads...lins/smile.gif

#22 08-07-2005, 07:57 AM

The previous post is correct. Please don't start drinking the kool aid. In a perfect world, Takeda would take the 2 yrs and hire everyone within the first year and offer pay increases and cars and all the wonderful perks. It rarely happens, some smaller companies use the cso to build their sales team. The parameters set forth as outlined for this deal is to make the customer competitive with SA and their huge sales force, and be able to trim down, as the launch phase ends. They really don't need to add more reps as the docs start responding and writing the product. They need help getting the message out.....thanks for being realistic. http://www.cafepharma.com/ubbthreads...lins/smile.gif

#23 08-07-2005, 08:58 AM

Oh who really cares? Will Takeda roll over or not, will there be promoted mangers or not, will we be laid off after a while or not, the bottom line is noone knows anything at this point.
Anything anyone says is only a prediction and we should all just do our jobs and hope for the best. BOTTOM LINE!!!!

#24 08-07-2005, 09:43 AM

No, you my friend will be standing in the unemployment sector, it is watching out for # 1 and #1 is not pss, nor Takeda, nor Rozerem it should be YOU! WAKE UP AND SMELL THE COFFEE, oops, I forgot you are the mgr that could not keep his hands off his keyboard today!

#25 08-07-2005, 11:52 AM

[ QUOTE ]
The previous post is correct. Please don't start drinking the kool aid. In a perfect world, Takeda would take the 2 yrs and hire everyone within the first year and offer pay increases and cars and all the wonderful perks. It rarely happens, some smaller companies use the cso to build their sales team. The parameters set forth as outlined for this deal is to make the customer competitive with SA and their huge sales force, and be able to trim down, as the launch phase ends. They really don't need to add more reps as the docs start responding and writing the product. They need help getting the message out.....thanks for being realistic. http://www.cafepharma.com/ubbthreads...lins/smile.gif

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There are alot of things that could happen, another scenario is some of the takeda reps could be promoted to Neuroscience reps and then spots would be opened. Who knows. Just hope that when this contract is over there is another one in your territory waiting in the wings!

#26 08-07-2005, 12:45 PM

Oh dear, you are going to set yourself up for a serious case of wishing you were working for Takeda, and will most likely be very disappointed. The answer to the quesitons for the PSS veterans have stated, you will be out of work, and most likely will NOT BE ASKED TO STAY ON! Read it, weep, but believe it and don't be dreaming about something that may never happen. Takeda may get bought out by Merck or Pfizer and then George Bush may take over when his term is up and oh there are millions of scenarios. IT'S JUST A JOB!

#27 08-07-2005, 02:10 PM

PSS almost never switches people to different contracts unless the contract ends. Don't even entertain that idea. It's part of the contract they sign with the client.

#28 08-07-2005, 03:06 PM

[ QUOTE ]
PSS almost never switches people to different contracts unless the contract ends. Don't even entertain that idea. It's part of the contract they sign with the client.

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They will if your DM OK's it!

#29 08-07-2005, 04:00 PM

when pigs fly!

#30 08-07-2005, 04:10 PM

Why would a DM ok it-that leaves an open territory to fill with someone new. That makes NO sense at all. Just fill the new contract and leave the old ones inplace. By the way-do you already want to get out of Takeda when it hasn't even started yet?

#31 08-07-2005, 05:43 PM

Good question, you are on the ? for pss vets post, so if that is the case, then you just ask DM-"hey, can I get on this new/different contract?" and reply could be "sure" without interview or anything else? Somehow I think this is total bs.

#32 08-07-2005, 07:58 PM

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Why would a DM ok it-that leaves an open territory to fill with someone new. That makes NO sense at all. Just fill the new contract and leave the old ones inplace. By the way-do you already want to get out of Takeda when it hasn't even started yet?

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I have just seen it happen on other contracts. I am looking forward to this contract. I think its going to be fun, alot of work and a good learning experience

#33 08-07-2005, 08:17 PM

I have just seen it happen on other contracts. I am looking forward to this contract. I think its going to be fun, alot of work and a good learning experience

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Hey Bob!!!!! You already got your post removed. Now GET OFF THIS BOARD and stop trying to fool the newbies into thinking you're one of them.....

#34 08-07-2005, 09:28 PM

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I have just seen it happen on other contracts. I am looking forward to this contract. I think its going to be fun, alot of work and a good learning experience

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Hey Bob!!!!! You already got your post removed. Now GET OFF THIS BOARD and stop trying to fool the newbies into thinking you're one of them.....

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YOU ARE A VERY SICK MAN!! I THINK YOU NEED PROZAC, OR ACTUALLY MAYBE SOME HALDOL!

#35 08-07-2005, 11:36 PM

[ QUOTE ]
[ QUOTE ]

I have just seen it happen on other contracts. I am looking forward to this contract. I think its going to be fun, alot of work and a good learning experience

[/ QUOTE ]

Hey Bob!!!!! You already got your post removed. Now GET OFF THIS BOARD and stop trying to fool the newbies into thinking you're one of them.....

[/ QUOTE ]

YOU ARE A VERY SICK MAN!! I THINK YOU NEED PROZAC, OR ACTUALLY MAYBE SOME HALDOL!

[/ QUOTE ]

Yes, Bob is a very sick man indeed!!!!!!!!!

RealWorldDM · #36 03-01-2006, 06:37 PM

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I have just seen it happen on other contracts. I am looking forward to this contract. I think its going to be fun, alot of work and a good learning experience

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Correct on every point. Welcome!