Biogen Idec offers a comprehensive and flexible benefits package designed to meet the many needs of our employees and their families. We focus on helping our employees stay healthy, meet their long-term financial goals and balance the demands of work and personal life.
Health and Well-Being
Employees have the ability to choose health, life and disability benefits that best fit their lifestyle and individual/family needs.
- Medical, Dental, Vision, Prescription, Life Insurance and Disability Insurance Coverage are available to all new hires on the first day of employment. At that time, new employees may elect single coverage or family coverage. Family coverage includes spouse/domestic partner and eligible dependent children.
- Flexible Spending Accounts for medical and dependent care expenses
- Wellness and employee activity programs
- Paid sick time
Financial Security
Biogen Idec offers retirement and savings programs to assist in building a secure financial future.
- Long-Term Incentives (LTI) — New employees receive LTI grants (restricted stock units). Annual LTI grants are based on merit.
- 401(k) Savings Plan with immediate vesting in the Company match. Biogen Idec matches 200% on the first 3% you contribute for a total match of 6%.
- College Savings Plan (529 plan)
- Employee Stock Purchase Plan
Work/Life Balance
Biogen Idec is committed to helping employees achieve and maintain a healthy balance between work life and personal time.
- New employees accrue 3 weeks of vacation time in their first year and earn an additional day each year of during their first 5 years of service. Option to buy an extra week of vacation.
- 13 paid holidays in 2008, combination of company assigned days and personal days
- Summer hours from Memorial Day weekend through Labor Day, to ease the commute and help employees get an early start on the weekend
- Variety of other lifestyle benefits including paid maternity/paternity leave, adoption reimbursement, subsidized back-up child care and an employee assistance program
- Tuition Reimbursement — Get reimbursed for the full cost of tuition and related course expenses
Rewards and Recognition
Biogen Idec's recognition and service awards programs celebrate employee successes and commitment to the Company. Biogen Idec also offers an employee referral program, which provides incentives to employees for identifying and attracting top-quality candidates to the company.
Additional Benefits that Make a Difference
- In-house cafeteria and lounge at most locations
- Concierge Services
- Commuter Benefits — Free parking or subsidized commuter pass (where available)
- Credit Union available in the Boston-Metro area
- Discounts on health club memberships and local events
This listing provides a general description of Biogen Idec's benefits and rewards. Its contents are for informational purposes only. Biogen Idec reserves the right to change the plans or programs described at any time.
