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      Formulatrix

      Engaged Employer

      Formulatrix reviews

      3.8

      81% would recommend to a friend

      (147 total reviews)

      Jeremy Stevenson

      87% approve of CEO

      72% positive business outlook

      Ratings by demographic groups

      Formulatrix has an employee rating of 3.8 out of 5 stars, based on 147 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Formulatrix employee rating is in line with the average (within 1 standard deviation) for employers within the Pharmaceutical & Biotechnology industry (3.5 stars).

      Reviews by job title

      147 reviews
      2.0
      Sep 25, 2018

      Not competitive for 50hrs/wk

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      -No bad co-workers, most everyone is competent. -Easy to move around in the company.

      Cons

      -Low pay for 50 hour (minimum) weeks. -Mediocre benefits. -Can't hire people to replace those that leave, much less continue growing. -Profit sharing is a joke.

      avatar
      Formulatrix Response
      7y
      Thank you for your feedback. We recently sold a product line for $260M and will pay it out as profit sharing to our employees. Current (and many former) employees have been very well compensated for their extra effort. At FORMULATRIX, we’re all working hard towards similar transactions/employee payouts in the future.
      5.0
      Aug 29, 2018

      North America Sales Manager

      North american sales manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Innovative Company. Great Products. Exciting Culture. If you are a go getter, this is exactly the company for you.

      Cons

      None, the company is on the verge of becoming a major player.

      1.0
      Aug 28, 2018

      Work Life Imbalance

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      - Opportunity for growth is above average.

      Cons

      -50 hours a week. -Very sub-par 401k policy. Vesting policy punishes employees who do not stay for many years. -No sick days. You are expected to work 50 hours a week regardless. "Just use PTO" or "Come in on Saturday" -It is clear that management values money over all else. No shortcut is too small to save a penny. See previous 3 bullets regarding employees. Extends to engineering designs as well. -Large portion of the company is in Indonesia. Alone this is not a con, however this translates to regular meetings outside of typical work hours. -Everything is micromanaged. Absolutely no decisions are made without first being approved by the CEO. -Very high rate of employee turnover. -While yes you can grow, you are expected to do so without any guidance. Sink or swim mentality.

      avatar
      Formulatrix Response
      7y
      Thank you for your feedback. The 50 hour work week is part of our company culture as we value hard work and dedication from all our employees. This drive as a company has led to the sale of one of our product lines for $260M. All of the funds from that sale will be paid out in profit sharing to our employees. With continued success (fueled by the dedication of our employees), we could see similar employee payouts in the future.
      Viewing 130 - 132 of 147 Reviews
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      ReviewsFormulatrix reviews

      Glassdoor has 193 Formulatrix reviews submitted anonymously by Formulatrix employees. Read employee reviews and ratings on Glassdoor to decide if Formulatrix is right for you.