So many leaving

So many people have left and continue to leave this company. What is happening?

 

Writing meet wall...

 

Newsflash for you: turnover is just the way of life for pharma reps these days. incredibly unstable profession given all that has changed with managed care and the ability to get offices the last few years. More than half our job is food ordering, and you know it. So turnover is relatively elevated everywhere, if you open your eyes you'd see that. We just stay a year or two, sometimes even shorter, understand we lack impact in what we are doing but still somehow conclude we are underpaid, leave for what we think are greener pastures only to quickly realize its just the same old with another company name on our measly paychecks.

In other words, don't read into this too much at Collegium.

 

Only people posting here are trolls. Turnover is way down.

 

Yes. It’s VERY low now.

 

Where are you getting that information? They discussed this at the national meeting 2 weeks ago that turnover is very high and since then our director of Trade is gone, our product manager, managed markets and several very successful reps! Collegium needs to start paying their people ! If they don’t the competition will! If you are going to enter a very competitive highly restricted and difficult market you better pay to get people to stay!

 

Most of that was well before the sales meeting and had nothing to do with compensation. Stop spreading misinformation and get to work. Plenty of money to be made.

 

No you are wrong! It doesn’t really matter the reason although if the money was good it wouldn’t be so easy to leave!

 

This is garbage. Turnover was 35% well before Ciaffoni showed up. It’s has slowed tremendously. All of these folks that you claim have left since the NSM is simply not true.

 

Well maybe somebody better tell chiaffoni then because he was one of the ones spouting the turnover rate and it is NOT slowing down! You definitely don’t know what you are talking about. PB left a week before the meeting, CH left last week, KS left not long ago,WT, ES, MB, just to name a few! There are plenty more in the last 3 weeks

 

More dribble. You're way off on timing and clueless on reasons these people left. You think all those people left over money, huh? Think for a minute. Maybe you don't have the inside track on anything. Also, if you really work here, you're a stockholder and you're just hurting yourself and all of us by posting this BS. Lots of people are making plenty of money. Focus your efforts on helping the cause.

 

Those you mentioned were terminated.Wish them luck and hope you're not next.

 

I said the reason people left doesn’t matter. The rate of people leaving is way to high and this was acknowledged at the national meeting but people will leave if they are being offered more benefits and better pay. Period. This is a contributing factor to the turnover. Quit trying to sidestep facts to make something look better than it is in order to save the stock price !

 

False. The reason people leave does matter. If you feel that you are entitled to more pay, go find it and leave, but don't stir up conspiracy theory in doing so.

 

People are leaving here for the same reasons we all voluntarily leave jobs--don't get along with manager, don't like the culture, can't hit quota so not making money. It's all what you are willing to tolerate no matter where you are. The only unique reasons people might be leaving here is that Pain is a very unique and restricted space that not everyone can deal with and also if they are offered a car or a gas card-who wouldn't take that?
Director of Trade left before NSM. Was probably pushed out. Marketing has been a revolving door since launch. Only ONE DNA has left. There are currently 9 Therapeutic Specialist vacancies out of 131 territories. Why? In two regions the manager is to blame. One East, one West. And they can't keep people because they don't know how to manage people. What is the most frustrating is when top performers and original hires leave. It's the nature of our industry for people to job hop. Gone are the days of company loyalty. People hop for more money, better territories, better managers and a position where they are treated like adults--all things lacking here, depending on your region.
Senior management is very aware of the turnover problem, and the only conclusion one can make is that they don't care. If they cared they would make the necessary changes and improvements.

 

Well said!

 

Agreed. It doesn't really matter why people leave, it's the fact that people are leaving and there's constant change in culture, expectations, and approach. It has an effect, even when everyone agrees the change was for the better, and it takes time for the ship to right itself.

What's possible cause for concern, beyond the turnover, is the portfolio and the stock price. We're basically at a third of what we were two years ago and we're playing in a space that is obviously in the cross hairs of a lot of different interests groups. Our pipeline isn't robust and we're still playing around with a product we had to remove from the market and reformulate.

This is not to say the grass is always greener. The truth is that the grass might be greener for each and every one of us, and it may not depending on where we go. Likewise, new people coming here might find this a significant improvement over where they were.

Still, there are things to keep an eye on and stock, portfolio, turnover and general morale are not through the roof. Would anyone disagree with that? Would anyone say that, collectively, it's not cause for a little apprehension?

 

What product did we have to remove from the market and reformulate? I wasn’t aware that Collegium had marketed another product! What are you talking about?

 

The company is known for
micro management and low salaries in comparison to industry. Has this been others experience also?