Pros: The medical device industry benefits are quite good here; I'd say the healthcare options are solid. For an Associate Product Manager, the PTO accrual is definitely decent, better than some corporate environments. Plus, they offer a respectable 401k match, which is a nice perk.
Cons: However, compensation for product roles, especially for a junior level, just doesn't keep up with market rates in the Andover, MA area. Salary growth year over year was pretty minimal, even with good performance reviews. It's tough when you feel like you're underpaid compared to your peers elsewhere.
Advice to Management: Seriously review the compensation bands for all positions, especially for junior and mid-level roles. Market rate adjustments are needed to retain talent, particularly in competitive areas like product management. Regular salary reviews beyond just annual performance increases are crucial.
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