Current Experience After 5 Years with the Company
Pros
1. If salaried, Flexible Time Off (FTO) is standard and can be used at any time as long as the work is completed. 2. Since I have worked with the company (Covance turned into LabCorp, which then turned into Fortrea) for the past 5 years, I do have an adequate list of connections within the company and these resources are quite helpful when needing to meet tight deadlines that are expected from the client.
Cons
1. Job security - fear of layoffs 2. No bonuses - merit increases are standard and raises are unheard of outside of promotions, which have not been occurring under LabCorp when the company was LabCorp and the same goes for the current spinoff company, Fortrea. 3. Lack of upward mobility and semi hiring freeze - for example, there are job postings but I am not qualified to apply for a senior scientist or corporate counsel role in India so the posts are not relevant. 4. Health insurance increased this past year and affected all employees but salaries were not adjusted to compensate for this difference. 5. Data-driven and a top-down approach keeps senior management hands-off with making changes for non-executive employees. 6. The company has outsourced our Informed Consent Form Reviewers (and other departments) to India and turnaround time back to the site is slow. I love our teams in Bangalore, but the time difference is affecting deadlines being met.