Employee Retention of Amgen : Amgen Inc. (NASDAQ: AMGN, SEHK: 4332) is an international biotechnology company headquartered in Thousand Oaks, California. Located in the Conejo Valley, Amgen is the world's largest independent biotech firm. The company employs approximately 17,000 staff members. Its products include Epogen, Aranesp, Enbrel, Kineret, Neulasta, Neupogen, Sensipar / Mimpara, Nplate, and Prolia. Epogen and Neupogen (the company's first products on the market) were the two most successful biopharmaceutical products at the time of their respective releases.
BusinessWeek ranked Amgen first on the S&P 500 for being one of the most "future-oriented" of those five hundred corporations.[3] BusinessWeek ostensibly calculated the ratio of research and development spending, combined with capital spending, to total outlays; Amgen had the fourth highest ratio, at 506:1000.
Amgen is the largest employer in Thousand Oaks and second only to the United States Navy in terms of number of people employed in Ventura County.
With plans to expand into a new campus under construction in South San Francisco, Amgen abruptly halted construction on the plans and instead put the 365,000 square feet (33,900 m2) of new space on the sublease market.[4]
It is a leading member of the U.S. Global Leadership Coalition, a coalition of over 400 companies and NGOs that promotes increased funding for US diplomatic and international development programs.[5]
In 2006, Amgen began sponsoring the Tour of California, one of only three major Union Cycliste Internationale events in the United States.
Benefits
Amgen offers staff members a Total Rewards package, which includes competitive base pay and bonus opportunities, excellent benefits, an outstanding work environment and opportunities for career development. Through these comprehensive offerings, every individual has the chance to achieve significant growth, both financially and professionally.
Our Total Rewards program is benchmarked against leading biotechnology and pharmaceutical companies to ensure our programs are competitive with the very best employers. Through our performance-based bonus plan and our Long Term Incentive (LTI) program, we continue to provide our staff with the possibility of additional rewards with the potential to far exceed the median of our competitor group.
Health and Wellness
Comprehensive, affordable health care coverage is one of the cornerstones of Amgen’s benefits program. We offer the choice of a PPO and HMOs in many locations, as well as a number of programs that help make it easier to stay healthy and to balance work and life demands. Health coverage includes medical, prescription drug, and vision coverage; dental benefits; and access to our Personal Effectiveness Program (PEP), which provides counseling referrals and crises counseling.
Amgen also offers a wide variety of wellness programs including:
Access to health resources such as an online health risk assessment tool; personal health coaches and many more tools
A health care flexible spending account
On-site fitness facilities in most locations and reimbursement for local gym membership for other locations
Nutritional counseling
Recreation, healthy living and fitness classes
Tobacco-free environments at all Amgen campuses
Disability Coverage & Life Insurance
Amgen provides staff members and their families with protection from the unexpected. We offer company paid disability benefits and basic life insurance equal to twice your base pay. Individuals can also supplement these benefits with additional disability and life and accidental death and dismemberment insurance coverage.
Other Benefits
Amgen knows it can be challenging to balance different commitments and priorities. For that reason, we offer the following benefits and resources:
Generous vacation time and at least 17 paid holidays annually which includes two paid week-long shutdowns each year, as well as adoption and leave-of-absence benefits
Amgen also supports the educational priorities of our staff through a tuition reimbursement plan
Flexible work arrangements including flextime, telecommuting, remote work, part-time and job-sharing
A variety of family resources are available which includes a dependent care flexible spending account, work/life resources and referrals, and child care services and support
Voluntary benefits including a group legal plan, long-term care insurance, and group auto and homeowners insurance
Preparing for Retirement
Amgen offers a competitive retirement benefits program that gives staff the opportunity to build retirement assets throughout their careers at Amgen and to help them prepare for a financially secure future. Programs include:
A 401(k) retirement and savings plan that provides a core contribution of 5% as well as a company matching contribution of 100% of staff contributions up to 5 % of eligible pay. Additionally, Amgen provides a professional, customized financial-advice service to help staff make informed investing decisions specific to their retirement planning strategy--at no cost to staff members.
A retiree medical saving account with a company matching contribution that provides staff an opportunity to save for eligible health care expenses after retirement
Access to a retiree health care plan after retiring from Amgen
An Employee Stock Purchase Plan (ESPP) which gives staff an opportunity to buy Amgen stock at a discount
For eligible staff, a supplemental retirement plan and a deferred compensation plan
Work Environment
Amgen believes that having fun and enjoying life are as important as working hard. We have sponsored and participated in numerous extracurricular teams and hold annual activities including chili cook-offs.
NOTE: The foregoing is a general description of Amgen benefits, which benefits are subject to change or termination at any time and may vary according to location. To the extent any statements above are inconsistent with the controlling plan or program documents, the terms of the applicable plan or program document control.
Life at Amgen
A career at Amgen involves more than just a job. Read more about the communities in which we work and live, the career paths available at Amgen and the company’s dedication to training and development.
Our Mission and Values
Amgen strives to serve patients by transforming the promise of science and biotechnology into therapies that have the power to restore health or even save lives. In everything we do, we aim to fulfill our mission to serve patients. And every step of the way, we are guided by the values that define us.
Our Mission: To Serve Patients
Our Values:
Be Science-Based
Compete Intensely and Win
Create Value for Patients, Staff and Stockholders
Be Ethical
Trust and Respect Each Other
Ensure Quality
Work in Teams
Collaborate, Communicate and Be Accountable
Be Science-Based
Our success depends on superior scientific innovation, integrity and continuous improvement in all aspects of our business through the application of the scientific method. We see the scientific method as a multi-step process that includes designing the right experiment, collecting and analyzing data and rational decision making. It is not subjective or emotional, but rather a logical, open and rational process. Applying the scientific method in all parts of the organization is expected and highly valued.
Top
Compete Intensely and Win
We compete against time, past performance and industry rivals to rapidly achieve high quality results. Winning requires taking risks. We cannot be lulled into complacency by previous achievements. Though we compete intensely, we maintain high ethical standards and demand integrity in our dealings with competitors, customers, partners and each other.
Top
Create Value for Patients, Staff and Stockholders
We provide value by focusing on the needs of patients. Amgen creates a work environment that provides opportunities for staff members to reach their full potential. We strive to provide stockholders with superior long-term returns while balancing the needs of patients, staff and stockholders.
Top
Be Ethical
We are relentless in applying the highest ethical standards to our products, services and communications.
Top
Trust and Respect Each Other
Every job at Amgen is important and every Amgen staff member is important. We attract diverse, capable and committed people and provide an environment that fosters inclusion, respect, individual responsibility and values diversity. Trust is strengthened through personal initiative and by obtaining quality results rapidly.
Top
Ensure Quality
Quality is a cornerstone of all of our activities. We seek the highest quality information, decisions and people. We produce high quality products and services. Quality is woven into the fabric of everything we do.
Top
Work in Teams
Our teams work quickly to move scientific breakthroughs from the lab through the clinic to the marketplace and to support other aspects of our business. Diverse teams working together generate the best decisions for patients, staff and stockholders. Our team structure provides opportunities for Amgen staff to impact the direction of the organization, to gain broader perspective about other functions within Amgen and to reach their full potential.
Top
Collaborate, Communicate and Be Accountable
Leaders at Amgen seek input and involve key stakeholders in important decisions. In gathering input, strong leaders will welcome diverse opinions, conflicting views and open dialogue for serious consideration. They will clearly communicate decisions and rationale openly and in a timely manner. Once a decision is made, the leader and members of the team will all be accountable for the results and for implementing the decision rapidly.
Diversity
Amgen is committed to promoting and maintaining an inclusive, high-performing culture where all team members embrace and leverage each others’ talents and backgrounds, nourish innovative thinking, achieve their full potential and contribute to Amgen’s success. Our commitment to diversity is articulated in our core values and reflected in every part of our organization.
Diversity & Inclusion Mission
Enhance business performance by attracting, developing and retaining an engaged, diverse workforce.
The Business Case for Diversity & Inclusion
Organizations that are able to provide effective leadership, engage staff and create an environment of inclusion are the ones that research indicates have better long term business results. At Amgen, we understand that strategically creating an inclusive work environment for our talented and diverse workforce builds motivation, enhances problem solving and fosters innovation. This will result in creating a competitive advantage for us today, tomorrow and into the future.
Diversity & Inclusion Strategy
Amgen’s ongoing commitment to Diversity & Inclusion efforts include:
Executive sponsorship of our numerous Affinity Groups, Diversity Councils and Women’s Leadership Council.
Integration of diversity into our sourcing, engagement and talent development practices.
Tailored leadership development programs, business essential skills workshops and mentoring opportunities for our Affinity Group Leaders and members.
Equipping our leaders with the skills to develop and engage diverse teams across all of Amgen.
Participation in Affinity Groups and their sponsored activities helps create an inclusive environment for our talented and diverse workforce. Affinity Group leaders are provided tailored leadership development programs, business essential skills workshops and mentoring opportunities. Our goals include cultivating an inclusive culture in order to engage each staff member to maximize their skills, capacities and talents throughout Amgen.
Amgen Asian Association (AAA)
Amgen Black Employees Network (ABEN)
Amgen Ability Bettered through Leadership and Education (ABLE)
Amgen Diversity Councils (ADC)
Amgen International Network (AIN)
Amgen Indian Subcontinent Network (AISN)
Amgen Latin Employees Network (ALEN)
Amgen Middle Eastern Employees Network (AMEEN)
Amgen Network for Gay and Lesbian Employees (ANGLE)
Amgen Veterans Employees Network (AVEN)
Amgen Women’s Interactive Network (AWIN)
Diversity Councils (Colorado & Rhode Island)
Amgen offers numerous programs that support professional development goals, while our team-based environment nurtures leadership skills. As part of leadership development, supplier diversity programs and hands-on diversity training are provided to all staff members. To advance our most important objectives, we place individuals with diverse skills and talents together in multi-disciplinary teams. This teamwork can make a crucial difference as we advance scientific breakthroughs from the laboratory through clinical trials to the marketplace.
BusinessWeek ranked Amgen first on the S&P 500 for being one of the most "future-oriented" of those five hundred corporations.[3] BusinessWeek ostensibly calculated the ratio of research and development spending, combined with capital spending, to total outlays; Amgen had the fourth highest ratio, at 506:1000.
Amgen is the largest employer in Thousand Oaks and second only to the United States Navy in terms of number of people employed in Ventura County.
With plans to expand into a new campus under construction in South San Francisco, Amgen abruptly halted construction on the plans and instead put the 365,000 square feet (33,900 m2) of new space on the sublease market.[4]
It is a leading member of the U.S. Global Leadership Coalition, a coalition of over 400 companies and NGOs that promotes increased funding for US diplomatic and international development programs.[5]
In 2006, Amgen began sponsoring the Tour of California, one of only three major Union Cycliste Internationale events in the United States.
Benefits
Amgen offers staff members a Total Rewards package, which includes competitive base pay and bonus opportunities, excellent benefits, an outstanding work environment and opportunities for career development. Through these comprehensive offerings, every individual has the chance to achieve significant growth, both financially and professionally.
Our Total Rewards program is benchmarked against leading biotechnology and pharmaceutical companies to ensure our programs are competitive with the very best employers. Through our performance-based bonus plan and our Long Term Incentive (LTI) program, we continue to provide our staff with the possibility of additional rewards with the potential to far exceed the median of our competitor group.
Health and Wellness
Comprehensive, affordable health care coverage is one of the cornerstones of Amgen’s benefits program. We offer the choice of a PPO and HMOs in many locations, as well as a number of programs that help make it easier to stay healthy and to balance work and life demands. Health coverage includes medical, prescription drug, and vision coverage; dental benefits; and access to our Personal Effectiveness Program (PEP), which provides counseling referrals and crises counseling.
Amgen also offers a wide variety of wellness programs including:
Access to health resources such as an online health risk assessment tool; personal health coaches and many more tools
A health care flexible spending account
On-site fitness facilities in most locations and reimbursement for local gym membership for other locations
Nutritional counseling
Recreation, healthy living and fitness classes
Tobacco-free environments at all Amgen campuses
Disability Coverage & Life Insurance
Amgen provides staff members and their families with protection from the unexpected. We offer company paid disability benefits and basic life insurance equal to twice your base pay. Individuals can also supplement these benefits with additional disability and life and accidental death and dismemberment insurance coverage.
Other Benefits
Amgen knows it can be challenging to balance different commitments and priorities. For that reason, we offer the following benefits and resources:
Generous vacation time and at least 17 paid holidays annually which includes two paid week-long shutdowns each year, as well as adoption and leave-of-absence benefits
Amgen also supports the educational priorities of our staff through a tuition reimbursement plan
Flexible work arrangements including flextime, telecommuting, remote work, part-time and job-sharing
A variety of family resources are available which includes a dependent care flexible spending account, work/life resources and referrals, and child care services and support
Voluntary benefits including a group legal plan, long-term care insurance, and group auto and homeowners insurance
Preparing for Retirement
Amgen offers a competitive retirement benefits program that gives staff the opportunity to build retirement assets throughout their careers at Amgen and to help them prepare for a financially secure future. Programs include:
A 401(k) retirement and savings plan that provides a core contribution of 5% as well as a company matching contribution of 100% of staff contributions up to 5 % of eligible pay. Additionally, Amgen provides a professional, customized financial-advice service to help staff make informed investing decisions specific to their retirement planning strategy--at no cost to staff members.
A retiree medical saving account with a company matching contribution that provides staff an opportunity to save for eligible health care expenses after retirement
Access to a retiree health care plan after retiring from Amgen
An Employee Stock Purchase Plan (ESPP) which gives staff an opportunity to buy Amgen stock at a discount
For eligible staff, a supplemental retirement plan and a deferred compensation plan
Work Environment
Amgen believes that having fun and enjoying life are as important as working hard. We have sponsored and participated in numerous extracurricular teams and hold annual activities including chili cook-offs.
NOTE: The foregoing is a general description of Amgen benefits, which benefits are subject to change or termination at any time and may vary according to location. To the extent any statements above are inconsistent with the controlling plan or program documents, the terms of the applicable plan or program document control.
Life at Amgen
A career at Amgen involves more than just a job. Read more about the communities in which we work and live, the career paths available at Amgen and the company’s dedication to training and development.
Our Mission and Values
Amgen strives to serve patients by transforming the promise of science and biotechnology into therapies that have the power to restore health or even save lives. In everything we do, we aim to fulfill our mission to serve patients. And every step of the way, we are guided by the values that define us.
Our Mission: To Serve Patients
Our Values:
Be Science-Based
Compete Intensely and Win
Create Value for Patients, Staff and Stockholders
Be Ethical
Trust and Respect Each Other
Ensure Quality
Work in Teams
Collaborate, Communicate and Be Accountable
Be Science-Based
Our success depends on superior scientific innovation, integrity and continuous improvement in all aspects of our business through the application of the scientific method. We see the scientific method as a multi-step process that includes designing the right experiment, collecting and analyzing data and rational decision making. It is not subjective or emotional, but rather a logical, open and rational process. Applying the scientific method in all parts of the organization is expected and highly valued.
Top
Compete Intensely and Win
We compete against time, past performance and industry rivals to rapidly achieve high quality results. Winning requires taking risks. We cannot be lulled into complacency by previous achievements. Though we compete intensely, we maintain high ethical standards and demand integrity in our dealings with competitors, customers, partners and each other.
Top
Create Value for Patients, Staff and Stockholders
We provide value by focusing on the needs of patients. Amgen creates a work environment that provides opportunities for staff members to reach their full potential. We strive to provide stockholders with superior long-term returns while balancing the needs of patients, staff and stockholders.
Top
Be Ethical
We are relentless in applying the highest ethical standards to our products, services and communications.
Top
Trust and Respect Each Other
Every job at Amgen is important and every Amgen staff member is important. We attract diverse, capable and committed people and provide an environment that fosters inclusion, respect, individual responsibility and values diversity. Trust is strengthened through personal initiative and by obtaining quality results rapidly.
Top
Ensure Quality
Quality is a cornerstone of all of our activities. We seek the highest quality information, decisions and people. We produce high quality products and services. Quality is woven into the fabric of everything we do.
Top
Work in Teams
Our teams work quickly to move scientific breakthroughs from the lab through the clinic to the marketplace and to support other aspects of our business. Diverse teams working together generate the best decisions for patients, staff and stockholders. Our team structure provides opportunities for Amgen staff to impact the direction of the organization, to gain broader perspective about other functions within Amgen and to reach their full potential.
Top
Collaborate, Communicate and Be Accountable
Leaders at Amgen seek input and involve key stakeholders in important decisions. In gathering input, strong leaders will welcome diverse opinions, conflicting views and open dialogue for serious consideration. They will clearly communicate decisions and rationale openly and in a timely manner. Once a decision is made, the leader and members of the team will all be accountable for the results and for implementing the decision rapidly.
Diversity
Amgen is committed to promoting and maintaining an inclusive, high-performing culture where all team members embrace and leverage each others’ talents and backgrounds, nourish innovative thinking, achieve their full potential and contribute to Amgen’s success. Our commitment to diversity is articulated in our core values and reflected in every part of our organization.
Diversity & Inclusion Mission
Enhance business performance by attracting, developing and retaining an engaged, diverse workforce.
The Business Case for Diversity & Inclusion
Organizations that are able to provide effective leadership, engage staff and create an environment of inclusion are the ones that research indicates have better long term business results. At Amgen, we understand that strategically creating an inclusive work environment for our talented and diverse workforce builds motivation, enhances problem solving and fosters innovation. This will result in creating a competitive advantage for us today, tomorrow and into the future.
Diversity & Inclusion Strategy
Amgen’s ongoing commitment to Diversity & Inclusion efforts include:
Executive sponsorship of our numerous Affinity Groups, Diversity Councils and Women’s Leadership Council.
Integration of diversity into our sourcing, engagement and talent development practices.
Tailored leadership development programs, business essential skills workshops and mentoring opportunities for our Affinity Group Leaders and members.
Equipping our leaders with the skills to develop and engage diverse teams across all of Amgen.
Participation in Affinity Groups and their sponsored activities helps create an inclusive environment for our talented and diverse workforce. Affinity Group leaders are provided tailored leadership development programs, business essential skills workshops and mentoring opportunities. Our goals include cultivating an inclusive culture in order to engage each staff member to maximize their skills, capacities and talents throughout Amgen.
Amgen Asian Association (AAA)
Amgen Black Employees Network (ABEN)
Amgen Ability Bettered through Leadership and Education (ABLE)
Amgen Diversity Councils (ADC)
Amgen International Network (AIN)
Amgen Indian Subcontinent Network (AISN)
Amgen Latin Employees Network (ALEN)
Amgen Middle Eastern Employees Network (AMEEN)
Amgen Network for Gay and Lesbian Employees (ANGLE)
Amgen Veterans Employees Network (AVEN)
Amgen Women’s Interactive Network (AWIN)
Diversity Councils (Colorado & Rhode Island)
Amgen offers numerous programs that support professional development goals, while our team-based environment nurtures leadership skills. As part of leadership development, supplier diversity programs and hands-on diversity training are provided to all staff members. To advance our most important objectives, we place individuals with diverse skills and talents together in multi-disciplinary teams. This teamwork can make a crucial difference as we advance scientific breakthroughs from the laboratory through clinical trials to the marketplace.
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