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PEBA Jennifer Greer Manager, Benefits Communication September 15, 2005. GSK at a Glance. Industry leader with an estimated 7% of world's pharmaceutical market 100,000 employees worldwide, with: 40,000 in sales and marketing 35,000 employees at 82 manufacturing sites in 37 countries
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PEBA Jennifer GreerManager, Benefits Communication September 15, 2005
GSK at a Glance • Industry leader with an estimated 7% of world's pharmaceutical market • 100,000 employees worldwide, with: • 40,000 in sales and marketing • 35,000 employees at 82 manufacturing sites in 37 countries • 16,000 in R&D • 25,000 in US, with: • 10,000 in sales • 8,000 in R&D • 3,000 in manufacturing
GSK at a Glance • Four major areas • Anti-infectives • Central nervous system • Respiratory • Gastro-intestinal/metabolic • Consumer Healthcare portfolio • OTC medicines (Tums, Nicorette) • Oral care products (Aquafresh, Sensodyne, Polident) • Nutritional healthcare drinks (Lucozade, Ribena)
TotalReward overview • Developed to roll out merger related program changes • Includes visual identity and key principles • Fosters collaboration across TotalReward member departments • Provides cross-program leverage during changes • High recognition across US and UK employees • Opportunities: • “Enroll” business and HR leaders • Evolve identity system • Leverage GSK marketing expertise • Increase employee involvement, research and testing • Expand definition of TotalReward (long-term)
TotalReward at GSK Total Cash Lifestyle Benefits Savings Choices • Medical and Dental • Behavioral Health (includes EAP) • Wellness Programs • Insurance Coverage • Work/life Programs • Vacation/PTO • Cash Balance Pension Plan • Retirement Saving Plan • 401(k) • SOA • Financial Education • Salary • Incentive Compensation (bonus) • Long-term Incentives • Recognition Programs