Our employees are the cornerstone of our success as a company. We strive to offer highly competitive benefits and rewards packages to attract the best people and encourage their hard work.
Biogen Idec Total Rewards: A Comprehensive Approach to a Lifetime of Benefits
Every company offers benefits, but we take a more innovative approach by structuring our benefits package to encompass all areas of our employees’ lives. Our Total Rewards package focuses on what matters most to them—their health, money, career and life.
Protecting Employees’ Health
Employees have the ability to choose health, life and disability benefits that best fit their lifestyle and individual/family needs. We provide a full spectrum of offerings that go above and beyond the traditional medical plan. For instance, we offer a health advocacy service that assists employees in obtaining the right care from the right provider, as well as a “best doctors” program, a free and confidential service that provides employees and their family members with assistance and expert advice in managing complex medical conditions. Our program also features subsidized gym memberships, onsite fitness centers, and preventive and wellness programs, which help our employees to stay healthy.
Providing Competitive Compensation
Biogen Idec’s compensation packages are highly competitive with those offered by other biotechnology firms. Moreover, our programs are reviewed annually to ensure competitive pay and include short-term and long-term incentives at every job level. We also recognize employees’ performance through merit-based bonuses and pay raises.
Planning for the Future
Biogen Idec offers retirement and savings programs to assist in building a secure financial future, from long-term incentive plans and a 401(k) savings plan to college savings (529 plans) and employee stock purchase programs.
Balancing Work and Personal Life
Biogen Idec is committed to helping employees maintain a balance between work and personal time by providing paid time off, summer hours and a variety of other individual and family support benefits, including paid maternity/paternity/adoption leave, adoption reimbursement, subsidized backup child and elder care, tuition reimbursement, college planning services, personal concierge services, an employee assistance program and an Academic Matching Gifts program.
Rewarding & Recognizing our Employees
Our recognition and service awards programs celebrate employee successes and commitment to the company. These awards include both corporate and peer-to-peer recognition programs. We also offer an employee referral program, which provides incentives to employees for discovering talent outside the company.