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Benefits and pay (TotalReward)
TotalReward is how GSK rewards its employees for their contribution to its success. But it's more than just a salary - it rewards high performance, invests in development, partners with employees to save for the future, and supports employees’ health and wellbeing:
- Pay - salary, bonus/sales incentives and recognition awards
- Shares & Savings - share plans, savings plans, pension plan
- Health & Life - Healthcare Plan, Health MOT, Holidays, Employee Assistance Programme, Tax-free: Plans, Discounts
- Development - Performance and Development Plan
The composition of the pay and benefits package and details of individual
benefits schemes are subject to change at the discretion of GSK.
Pay
Offering competitive pay that rewards performance is critical to our long-term success. Our pay programmes are designed to give you the opportunity to earn good rewards for good performance and superior rewards for superior performance.
Key features:
- A competitive base salary
- An annual bonus which is the main reward for performance, both Company performance and individual performance
- A Recognition Program to recognise and reward special achievements and contributions by employees and teams
The composition of the pay and benefits package and details of individual
benefits schemes are subject to change at the discretion of GSK.
Shares & Savings
The GSK share plans give you a stake in GSK's success and the ability to gain in line with the shareholder value you help create. GSK also helps you save for the future by contributing to your pension, and offering a range of tax-efficient savings plans and financial education programmes to help you make the most of your TotalReward.
Key features:
- A money purchase Pension Plan in which GSK contributes a minimum of 5% of your pensionable pay and matches your contributions up to another 5%
- A ShareReward plan in which you receive a free GSK share for every share you buy
- Financial Education Programme, providing you with a wide range of financial planning options
- Long-term incentives, if eligible, to give you a personal stake in GSK's future
The composition of the pay and benefits package and details of individual
benefits schemes are subject to change at the discretion of GSK.
Health & Life
GSK's mission is to help people 'do more, feel better and live longer', and this approach is extended to GSK employees. Health & Life plans are designed to make it easier for you to balance your work and personal life and to care for yourself and your family – whatever your circumstances.
Key features:
- Healthcare: designed to give you and your family access to prompt medical treatment when and where you need it
- Employee Assistance Programme: designed to offer a helping hand when it comes to organising and dealing with the pressures of work and family life
- Tax-free: bikes, childcare, health assessment and holiday: a range of salary sacrifice plans designed to save you money in exchange for benefits
- Car Allowance: if eligible, a monthly car allowance which you can use to purchase a car through the scheme or take as cash – the choice is yours
- Discounts: a range of discounted products and services designed to support your health, wealth and well-being
- Holidays: you are entitled to 26 paid personal holiday days each year (increasing to 27 days after five years service and 28 days after 10 years service) plus eight paid public holidays and the opportunity to sacrifice salary to buy five more additional days. If you join during the year (January to December) your entitlement will be prorated
The composition of the pay and benefits package and details of individual
benefits schemes are subject to change at the discretion of GSK.
Development
Be the best that you can be. At GSK, your Performance and Development Plan helps you understand what you need to do to contribute to GSK's success, how you need to perform and how to develop your career at GSK.
Key features:
- PDP: helps you identify what you need to do and the behaviours you need to demonstrate to achieve success as well as the areas you need to develop to attain greater reward
Find out more about development at GSK.
The composition of the pay and benefits package and details of individual
benefits schemes are subject to change at the discretion of GSK.
GSK IMPACT Awards
