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Exceeding

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CVS announced sometime last year that they were lowering pay for incoming new grads this year. Any new grads want to share their CVS salary/hourly offer? In CA, wages were cut by at least 10% according to some of my grad interns (66 to 58-60)
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Exceeding said:
CVS announced sometime last year that they were lowering pay for incoming new grads this year. Any new grads want to share their CVS salary/hourly offer? In CA, wages were cut by at least 10% according to some of my grad interns (66 to 58-60)
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55/hr in Az this year. Were paying 61 to last year's grads.
 
meanwhile all other sectors are facing strong wage growth in this historic tight labor market lol
 
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pencilandpen said:
meanwhile all other sectors are facing strong wage growth in this historic tight labor market lol
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Personally I’m concerned about the incremental impact of the next recession on the pharmacist job market. Historically healthcare has been resistant to recessions but I don’t think that will be the case next time. It will aggravate already unstable market conditions.
 
The last recession is what ended the surplus and put us into more of an equilibrium. My job search in 2008 vs 2010 were like two different universes. It went from free lunch at the local restaurant in which the "interview" is more "sales pitch" to just a job interview.
 
WVUPharm2007 said:
The last recession is what ended the surplus and put us into more of an equilibrium. My job search in 2008 vs 2010 were like two different universes. It went from free lunch at the local restaurant in which the "interview" is more "sales pitch" to just a job interview.
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Exactly. This doesn't get talked about often enough. Prior to 2008, sign on bonuses, wages increasing at approximately 7% a year, annual bonuses, better staffing. Then 2008, a profound turn. Since then things have only gotten worse, even recently, despite the economy being great, the healthcare sector leading growth for jobs, low unemployment, and wage growth. Retail pharmacy is following the retail trend with closures like Shopko. The big chains are hurting and the next recession will push pharmacist unemployment in the double digits.
 
Jbrl said:
Personally I’m concerned about the incremental impact of the next recession on the pharmacist job market. Historically healthcare has been resistant to recessions but I don’t think that will be the case next time. It will aggravate already unstable market conditions.
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That and irrespective of which party is in control in 2024, what is done to CMS as that has far reaching consequences for hospitals and industry. Finance sector is already unloading, tech is in a similar position to pharmacy. I do expect either productivity increases (doing more with less people) or flat out wage cuts through attrition/rehire.
 
Why was this the case and how did pharmacy get affected by it? I always under the assumption healthcare was relatively untouched by the recession, though when everything goes down it affects healthcare too.

When did the big growth of schools happen?

WVUPharm2007 said:
The last recession is what ended the surplus and put us into more of an equilibrium. My job search in 2008 vs 2010 were like two different universes. It went from free lunch at the local restaurant in which the "interview" is more "sales pitch" to just a job interview.
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My recession plan is to buy a tiny shack with cash and transition out of healthcare entirely.
 
GypsyHummus said:
Why was this the case and how did pharmacy get affected by it? I always under the assumption healthcare was relatively untouched by the recession, though when everything goes down it affects healthcare too.

When did the big growth of schools happen?
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Companies go into overdrive to cut costs. If you walked into a CVS a decade ago using today's norms, you'd wonder why such a slow store needs overlap. And who messed up the schedule with all these tech hours. Cut enough overlaps, do away with 60% of the 24 hours stores, fire all of the pharmacy supervisors...it all adds up.

Growth in schools started in the mid 00s. There were only 75 or so schools for the longest time. Then they used the surplus as cover to start new for profit schools.
 
My store is probably offering $68 for staff. Anyone willing to move to central California?
 
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Those Central Valley rates will drop. It's just a numbers game.
 
Sine Cura said:
Those Central Valley rates will drop. It's just a numbers game.
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Has California Health Sciences University COP put out any graduates yet? Still pending accreditation from ACPE?
 
It’s only a matter of time before all the unemployed new grads from LA/OC saturate the Central Valley completely and cause wages to drop. Some of them have already settled there due to the lack of jobs in SoCal and lower cost of living.
 
stoichiometrist said:
It’s only a matter of time before all the unemployed new grads from LA/OC saturate the Central Valley completely and cause wages to drop. Some of them have already settled there due to the lack of jobs in SoCal and lower cost of living.
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They have been saying this for years and I'm still here making $200k.

I wish someone can take my job so I can step down to take a per diem job!
 
aznkukuboi said:
They have been saying this for years and I'm still here making $200k.

I wish someone can take my job so I can step down to take a per diem job!
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How many hours per week to get to $200K? Thank you.
 

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