A Great Company for Select MBA's and A Tough Place to Work For Everyone Else
Pros
Overall, job security is fairly good. Experts at manufacturing and optimization of manufacturing space. Danaher is very process driven company. Employees with MBA's from prestigious programs (e.g. Harvard MBA programs) are highly sought after and usually move up in the corporate ladder very rapidly. It is common to see MBA new hires move to a executive positions within 24 months.
Cons
If one is hired by Danaher and does not have a prestigious MBA, the employees rarely go anywhere. Promotions are exceptionally rare, regardless of accomplishment. Only executive staff receives promotions and / or bonuses. This company in Loveland was acquired by Danaher approximately 10 years ago and Danaher has consistently stripped company assets and benefits to meet the most recent numbers short term. The profit/revenue numbers are the bottom line for everything, and the treatment of employees is of trivial importance. Over the past 10 years since the Danaher acquisition, employees have lost vacation time, lost performance bonuses, have had their retirement plans stripped by 75%, pay more in medical premiums and co-pays, have been required to take numerous furloughs, eliminated corporate sponsored education programs and rarely if ever reward for good work. Please refer to a recent Business Week article that rates the Danaher retirement plans as the worst in the industry. When compensation increases are given, they are never to the level of the cost of living. It is truly a team effort to make the numbers, but there is no incentive to stay. Employee moral is very poor and it gets worse every year.