Pros
CVS Caremark will definitely help you grow career wise. They do invest in their internal talent and am grateful for the opportunities I've had to grow and try new positions I would most likely never have done had I not worked here. The people I've worked with are great as well
Cons
I think the biggest con is CVS Caremark has completely lost sight of it's number one asset, the people working for them. I feel like this company is an open relationship with consultants and it's complicated. Many of our projects, programs, etc end up being half baked because we outsource a majority of the work to consultants that don't understand our business. Secondly, this is not the company to work for if you are looking for good work life balance. I am all about being accountable where possible for that balance, but this company doesn't allow for that. I'm a workaholic and I even feel overworked. I worked about 80 hours last week just to keep up and meet objectives with my project. Sadly, managers don't see this as an issue. The company's attitude has shifted away from allocating resources appropriately and seemed to have learned it saves on operational costs to overwork their staff. The company is then baffled why there is a huge turnover rate (especially on the PBM side of their business). There is also a ton of red tape in this company. If you are trying to drive change, institute a new process, or just have a great idea you want to implement, good luck fighting that battle. The new healthcare plan is also terrible. It's insulting to work for a Fortune 15 company that generates billions of dollars in free cash flow to turn around and say they simply can't afford to keep our current health care plan. The company tries to position it as its saving you money, but that's only true if you don't have any health problems. They barely contribute to the new HSA plan and your front end deductible costs are huge. The company is all about adherence and health to its clients, but they sure make you not want to even go to the doctor with our current health plan Since Tom Ryan left, the company has definitely taken a turn for the worse. Yes it's more profitable than it's ever been and the company is growing exponentially, but it's been at the cost of the company being a great place to work. I know my cons are long, but don't take them as some disgruntled employee. I have worked at this company for a long time and used to love it here. Everyone I talk to feels pretty similar around the company.