Top Reasons Why Pharmacist reject Cosway Pharmacy Plan

1.No EPF

Cosway Pharmacist is Cosway company business partner instead of their employee, thus EPF is not provided. However, Cosway  will pay 12% direct contribution (if Basic < RM 5000) or 13% direct contribution (if Basic > RM 5000) into monthly wage.

2. No Annual Leave

This is one of the top reason why lot of pharmacists not joining.  Actually, Cosway Company is partnering with us and we are not employees, thus no annual leave is given. Only an employee has the rights to get annual leave in accordance to Employment Act 1955. However, we can inform Cosway Company earlier to apply for few days leave and company may send back-up pharmacists to your pharmacy store or to employ a locum pharmacist.

3. Long Working Hour

For pharmacist under employment, working hour is generally 9 hours per day, however in Cosway Pharmacy where pharmacist is business owner, working time is more than 10 hours. Working for more than 10 hours is rather long , but the time is flexible where we can arrange our time according to peak hours. Working long hour for own business with commission up to 50% is worthwhile, income from the power of network is also tremendous. (Click Here)  Besides, if we are opening a new own independent pharmacy, we also tend to work extra hour to earn more.   One more point is that, starting from this year, Cosway Pharmacy will assign 1 - 2 PRP (Provisional Register Pharmacist) into outlet, the salary will be paid by company, thus pharmacist in charge will have free trainees as assistant.

4. Cosway Pharmacy is still new and may keep changing Terms & Condition

Currently Cosway Pharmacy Outlets just over 100, this number already surpasses Caring Pharmacy total outlets which is still less than 100 ( just for comparison). Anywhere, room to grow is still there as Cosway Company is targeting to open 1000 outlets by 2016.  Being a pioneer will be an advantage for us as market is rather new and demand is higher, thus it is easier to build our network. Besides, with guarantee income from RM5k- RM8K, nothing to lose as we still can learn ways of operating community pharmacy. It is same as we work in Independent Pharmacy and get same salary, however, as business owner, we able to earn more income through networking and commission up to 50%.  For sharing, let said we work in private Independent Pharmacy for 3 years, can we expect our salary to increase by 100%, i think it is very hard to achieve.  Even your salary increase to double, we still need to work again and again ( work for money). If we become Cosway Pharmacy owner, in 3 years time, our network may increase and we got potential to earn 5 figures income. Interesting part is we can earn passive income where money will still flow even if we stop working, this is the power of networking business.

5. Waiting for better opportunity

If we look into current statistic, Malaysia is producing more than 1000 new pharmacists each year, and this number is keep increasing,  in which causing pharmacist 's hospital compulsory service reduce from 4 years to 2 years. Besides, under liberalisation of pharmacist training programme (click here), the new pharmacist can choose to undergo their training in community pharmacy instead of hospital. From this scenario, we can foresee that the market is getting saturated, salary for current community pharmacist has also started to shrink. The number of Community Pharmacy outlets have also increase nationwide and competition is become stronger. However, with the unique concept of win & win strategy offered by Cosway Pharmacy, we can work together in group  and become our own boss with  minimal risk.  We will not only able to try out and learn about business, we also able to earn guarantee income from Rm5k-Rm8k.  



 


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