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VZ - If it wasn't for the money/telecommuting, I'd be out of here

Technical Manager
Current Employee
Has worked at Verizon for less than 1 year
August 11, 2008
Basking Ridge, New Jersey
3.0
Doesn't Approve of CEO
Pros

Salaries are good to better with respect to other companies.

I'm a Technical Project Manager making $115,000 after 15 years.

Depending on the job and manager, vacation scheduling and days off are flexible. They have a good telecommuting policy, but the ability to take advantage depends on location and manager. Typically, you can telecommute 2-3 days per week.

Benefits are good to very good.

  • 6% match in 401K (but stocks have been in the crapper for years, so what’s the benefit?!)
  • Good medical, dental, and insurance
  • 100% tuition reimbursement
  • Reimbursement for about 40% of phone service
  • Some other minor additional "bennies" such as discounts on numerous products/services.
Cons

Speaking from a management perspective, the majority of promotions are based on biased, subjective opinions. It's who you know, not what you know.

Growth is limited if you're strictly management, where technical abilities are not deemed as worthy.

Management potentially has to perform union duties every 3-5 years due to CWA/IBEW contracts.

Inter-office politics occur a lot, with everyone trying to do the same thing just to save their job.

There are no more pensions, which is another blow against management.

Layoffs/Reductions In Force (RIFs) have been occurring about 2-3 times per year for the last 5 years. Your job is not safe.

IT jobs have gone overseas to India, and executive management doesn't realize the headaches and costs it truly incurs.

Overall opinion is that VZ doesn't really care about the employees; you're just another cog in the wheel.

Advice to Management

You talk a good talk, but when it comes down to it, you don't care about the people. Just because jobs overseas are cheaper doesn't mean they can be done better. Like other companies, high-level executive management bonuses need to be trimmed. The stock price is the same as 5 years ago, yet CEO bonuses get bigger.

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