Anyone else surprised that Omnicom is reducing benefits for existing employees?

likefunny
Posting as :
works at
You are currently posting as works at

What are you gonna do? Quit and go to IPG?

funnylike

sheesh

like

Here’s a list of benefits they took away:

- 401K match is now not guaranteed and is “up to 5%” but can be lower or nothing at all
- Unlimited PTO is now cut to only 10 PTO days and 5 sick days
- Parental leave slashed in half from 20 weeks to 10 weeks
- Significantly more expensive health plan options
- Holiday days off are cut in half
- Remote working policy is now 3 days in office and will eventually move to 5 days
- Severance cut in half from 2 weeks for every year to 1 week

like

Like what?

like

It was one of the first things I reached out to old coworkers (at Omnicom) about when the benefits were announced.

Their response? “Yeah, it’s not great.”

I guess it’s somewhat comforting knowing they went through the same shock. Discomforting knowing there’s probably little anyone can do to counteract.

like

What was reduced?

like

401K as well

Nope.

like

It was one of the first things I reached out to old coworkers (at Omnicom) about when the benefits were announced.

Their response? “Yeah, it’s not great.”

I guess it’s somewhat comforting knowing they went through the same shock. Discomforting knowing there’s probably little anyone can do to counteract.

I'm curious why you'd think they wouldn't?

Seems bad for morale at an important moment

Related Posts

JPMorgan Chase

I see that Fixed Salary in JPMC is composed of Basic, HRA, LTA, other Allowance and Employer Contribution to PF.

What other Pay Benefits other than Bonus does JPMC provide seperately on top of CTC ?

like

I got Medical Reimbursement of around in current month salary, but I don't think I had applied any bill or submitted any such amount. Can someone tell what exactly is this amount for?

like

Anyone have Chairman's club status with Avis or Platinum with Hertz? How are the benefits compared to Presidents with both Hertz and Avis

like

Have you ever taken a career slow down? I am feeling burnt out from COVID and the incremental responsibilities thrown my way over the last 5+ years. I feel like my health has deteriorated. I like my company, but I want to do less. I don’t need to be a HR Director, CHRO, etc. With a career slowdown, I am prepared for a lower compensation and would want decent benefits. Any lessons learned or success stories about career slowdowns?

likehelpful

Looking to pivot out of a top pharma marketing/ad agency and into consulting. Ultimately want to leverage both experiences to move client side or to a healthcare start up.

What are the best firms for this type of transition and why?

like

PwC parental leave benefits?

like

What is the maternity leave policy of PWC and for how many children it is available?

like

Not sure this is the right bowl for this really but anyway - does anybody have an idea of what Cerner does? I have an offer to join as Healthcare IT consultant but I BSed my way through every stage. I still actually have no idea what it is they do…

like
like

The majority of my career has been in healthcare tech with some retail experience. Looking to break into event management/coordinating (I believe this is the correct job title) space in either the entertainment, fashion & retail or cosmetic industry. Any insights or advice is appreciated!

like

Made a career pivot to another agency. During the interview we talked about how it may start as initially a "step backwards" (pay/benefits) but has potential for more long term growth. First day was yesterday. Had no communication about when or where to show up, sat in an empty office for about half an hour before a couple people finally showed. No phone call or email. Sent an email to the founder, no response. I could easily get my old job back if wanted.

What would you do in this situation?

like

Looking for remote healthcare roles that I can operate from Southeast Asia during a gap year (I am a dual-national). Flexible with anything that allows me to build on skills like project management, analytics, PI/QI, and anything else among the delivery of care. I will be a recent grad with internship/project experience in healthcare strategy roles. Looking for ideas, referrals, or just a chance to connect 😊

like

I’m looking for constructive chats around generating high quality Health Insurance leads at scale. Open to share some of our findings

like

I’ve recently become a solo general counsel win CA. My company has facilities split between AZ and CA. Does anyone have thoughts on benefits of gaining bar membership in AZ as well?

like
like

What are the benefits working at Wells Fargo. Are Sodexo, Transportion and internet reimbursement available similar to JP Morgan?

like

I’ve been verbally offered a position at a new company, but the recruiter insists on getting a verbal acceptance before sending the offer in writing. This person insists on negotiating salary before sending the paperwork. Generic benefits, RSUs, bonus info have been provided; it’s all unofficial.

This is absurd. Am I missing some “new way” of doing things? Your take?

likehelpful

Is anyone concerned the push for sexual equality in pay without accordant leveling of parental leave is gonna backfire?

Here’s a hypothetical:

A company has 2 candidates, aged 25-30, equal in every respect save one’s a man the other’s a woman. Maybe the woman is a slightly better candidate overall. They’d have equal comp.

Company considers the woman a riskier bet due to possibility she’ll take maternity leave — and considers the man less risky for his ineligibility to take as much leave. 🤷

likefunny

Looking for a position for IAM information Security within Healthcare. Provision, set up access, templates.
SaaS , Sailpoint, Azure . Any ideas ?
Thank you

like

More Posts

Lately I’ve been seriously considering making the transition to product marketing. Current PMMs please weigh in — on average, how many hours do you actively work in a day?

like

How many meetings a week do you find necessary when there aren't any special launches and/or campaigns?

like

Hi fishes I am fresher from Computer Science. I am allotted salesforce developer profile in my organization. I want to know how good is salesforce developer for career. And how will be it's demand with respect to future. Please guide me I am in a lot of confusions.

like

Anyone in the Chicago area looking for an admin role? If so, send me a message & I’ll send you the link to a req that is open on my team.

like

What is tcs performance cycle ?

like

Hi fishies! Considering an internal big 4 move from Western Europe to Dubai. Not sure about WLB and whether there’ll be enough growth and learning opportunities after reading some of the threads here. Anyone up for sharing their experience? Especially concerned about sexism / racism as a WOC…and whether moving back to Europe in a few years will be difficult because the ME experience won’t be considered valuable.

like

USI Insurance brokerage and consulting - thoughts? A recruiter reached out to me via linked in and I was wondering if anyone had any opinions on this company. They seem to have decent reviews on Glassdoor but I was hoping to get more insight into workload and comp. Thanks in advance! USI

like

How do you make small talk with people you don’t really have much in common with? Working with a few people in the team and feel like there’s a wall between us I can’t break 😞

like

Is there any information on return to office?

What is the max package we can ask for band 8, informatica background? Have 1 yr exp on snowflake cloud as well. Total exp 12.

Hi All,

I have 4 yrs of exp as full stack developer and my current CTC is 15 lpa and notice period is of 3 months. I got an offer from another firm for 24lpa but they have shared the offer letter of DOJ after 2 months and asked me to negotiate my notice period or look for buyout. What should I do in this case? Should I connect with my current hr to negotiate? Cause I tried convincing the new hr to share the offer letter of DOJ after 3 months but she is not in the favour of that.

like

Does Lebanese diaspora really command more power in the MBB and T2 in the region? How can others navigate a career here?

like

Any insider knowledge of EY modifying the frequent traveler program policy now that most travel will be reduced?

like

Which companies & roles pay very well, hybrid work approach, and allowed unlimited pto?

like

How is it to be a part of Siemens Digital Ind

like

Did anyone who recently attended UST interview for Java tech stack can share interview experience??

like

Accepted an offer with BCG! Looking forward to the transition next month. Will be in BCG Federal. Anyone in this bowl also in federal?

like

What are M7 MBB recruiting timelines ? Considering applying right now to MBB, but if I get rejected I’m going to do an MBA, will I be blacklisted from applying for summer internships if I get rejected this fall ?

Sometimes a client is so horrible I selfishly wish they would just fire us and end the misery.

like

When your team finds out they were wrong about who overrides the shared excel sheet

Post Photo
likefunny

Additional Posts in Pharma and Health Advertising

What’s the inside scoop on Saatchi’s PMO?

like

Any pharma shops in Washington DC or metro area?

Who did the schizophrenia ads? They’re pretty cool tbh

like

Feeling like I’ve been “bait-and-switched”…

I’ve been interviewing at an agency with the intention of filling a Director role. Recruitment reached out soon after my last meet-and-greet interview (about 6 to 7 people total) to tell me the team thinks I would be best suited for an Associate Director role with a fast follow of a Director promotion.

Recruitment can’t tell me what feedback is creating this gap but also won’t stop mentioning the positive praise and feedback the team had for me.

like

Thoughts on Fingerpaint? Or any insight into their work/life balance?

like

Gut check. On HCP projects, do you find the client or CW suggests what part of ISI per page?

like

How do we get them to shorten the consumer ISI? It serves no ethical purpose and physicians hate it. Here’s my version:

What’s the main difference between working on healthcare at a traditional shop like SSW vs. a PR place like Edelman or Marina Maher?

like

If you started a new full time job a month and a half ago and are finding that you dislike it, how long should you give it till you jump ship, or decide to freelance?

like

Word to all of you out there, if you trash talk other people within your industry (and clients), they will find out and they soon may be in a position to decide if they want to hire you. Happened to several people I know. When will people learn that egos and talking shit is so outdated. 🙄

like

What’s the best place to work in pharma these days?

like

Thoughts on TBWA\WorldHealth?

A recruiter there reached out to me about a Copy Sup job. What should I be looking out for?

like

What’s considered a good copy supervisor salary?

Would you take a freelance gig that would be a promotion (with potential to join full time) with a smaller company whose values you really agree with, OR a full-time offer for a lateral move with a larger company with teammates you know and trust? Of course factoring in all the nuances of covid. TIA!

like

Is it possible to move from a copywriter job to medical writing?

like

Maybe this is the socialist in me but shouldn’t Moderna and Pfizer waive their patent exclusivity for their Covid vaccines? Don’t we have a moral obligation for the world to vaccinate as many people as quickly as possible?

It blows my mind that many countries won’t be able to vaccinate most of their people until 2023. There should be access to vaccine generics

likefunny

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

Friendly tip: Don't burn bridges even with those who are leaving - our industry is small (even in Manhattan) and you will almost certainly see that person again if you stay in pharma

likehelpfulfunny
like

Do you think people working in the pharma industry will gain more trust, respect, or positive vibes in 2021 after vaccines are widely distributed? Right now it’s the industry with one of the lowest perception scores

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal