Vantaggi
Great benefits, however, ICON introduced a reduce in compensation for remote worker expenses.
Svantaggi
Legacy ICON (L-ICON) doesn't support Legacy PRA employees. Legacy ICON is ~10yrs behind in tech (i.e. systems like CTMS, finance, PMT) vs the leaps and bounds PRA was ahead in the industry. L-ICON came into the acquisition with a desire to siphon off large pharma portfolios to the dissatisfaction of said clients, and had no clear plan for absorbing the Large Pharma (IPH) role. Many clients have been dissatisfied and this has resulted in hostile and toxic relationships for L-PRA(IBT) employees who work in crossbilled situations. L-ICON employees have received priority in promotion, raises, rewards, and merit increases vs the L-PRA employees who were in line for the same, and no timetable has been identified for L-PRA to receive those merits. The strategy for 'reward and retention' of what they classify as "Key Personnel" and their highest performers is to reward a Restricted Stock award that doesn't make good on postponed promotions or raises by restricting a reward for 3+yrs and contingent on continued employment.