J&J Isn't the "People" Company It Want's Everyone to Think It Is!
Pros
Generally, stable company, with conservative approach to business. This conservatism maintains stock price and most jobs.
Cons
Total breakdown of performance measurement system means little or no objective feedback; ratings are totally based upon force-ranking all professionals on a bell-curve, meaning that some associates are given lower ratings just because management must have them to meet the distribution curve. Upper management at company levels ensure capital expenditures in the millions are utilized on corporate office renovations, workout gymnasiums at corp. offices, mood rooms for some depts.at corp. offices, when the production facilities can't get a restroom or piece of equipment to replace 20+ yr. old equipment. Generally, upper management knows little at all about the actual operations because they either didn't come from within or they never worked in the actual operations, so they are making very uninformed decisions about the direction of the company. Professionals need to be aware that salary growth will not stay up with inflation due to the very poor merit increases given. Incredibly low capital re-investment into the operations.
