Genentech Benefits

4.3 out of 5 (25 comments)
Most talked about benefits
  • 401K Plan

    "Automatic 6% company contribution plus match up to 4%." (8 comments)

  • Vacation & Paid Time Off

    "10 days per year vacation plus year end closing from Christmas eve through January 2nd." (4 comments)

  • Health Insurance

    "The cost is coming back to employees big time, very expensive now, which doesn't align since we are a health/science company. They are pushing…" (3 comments)

Genentech is recognized for providing our employees with some of the most competitive and comprehensive benefits in the country. In 2014, we were ranked on FORTUNE Magazine's "100 Best Companies to Work For" for the 16th consecutive year.

Far more important than public recognition, though, is the motivation behind making Genentech a truly great place to work. We believe that you, as an employee, matter above everything else. We back that statement up continuously with a unique approach to providing you with great benefits and valuable resources. Our benefits packages and resources are designed to support you in creating the life and work style that brings your best to your community, your family and Genentech's mission of addressing significant unmet medical needs.

Provided by employer [?]

Benefits Summary

  • High % reporting
  • Medium % reporting
  • Low % / No reports
  • * Employer Verified

Insurance, Health & Wellness

  • Health Insurance *
  • Dental Insurance *
  • Flexible Spending Account (FSA) *
  • Vision Insurance *
  • Health Savings Account (HSA) *
  • Life Insurance *
  • Supplemental Life Insurance *
  • Disability Insurance *
  • Occupation Accident Insurance *
  • Health Care On-Site *
  • Mental Health Care *
  • Retiree Health & Medical
  • Accidental Death & Dismemberment Insurance *

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

  • Employee Discount *
  • Free Lunch or Snacks
  • Employee Assistance Program *
  • Gym Membership *
  • Commuter Checks & Assistance *
  • Pet Friendly Workplace
  • Mobile Phone Discount *
  • Company Car
  • Company Social Events *
  • Travel Concierge *
  • Legal Assistance *

Professional Support

Employee Comments

  • Dec 13, 2014
    Current Project Manager in South San Francisco, California

    Medical coverage cost for employees quadrupled since 2009.

  • Dec 12, 2014
    Current Employee in South San Francisco, California

    Good benefits overall (excellent 401k match, flexible work structure, etc.) but health insurance used to be much better.

  • Dec 10, 2014
    Current Employee in South San Francisco, California

    Great 401k plan compared to others!

  • Dec 9, 2014
    Current Employee in San Francisco, California

    Good core benefits + amenities (free gym, on site daycare, etc...)

  • Nov 22, 2014
    Current Operation & Insights Manager in South San Francisco, California

    Very generous company with comprehensive benefit package, including decent bonus, long-term incentive program (RSU, option etc.), up to 10% 401k match with 6 yr vesting, diversified choice of health insurance, supportive time-off, generous severance package

    Possible downside: Most compensation has a vesting schedule which reward longevity with the company;
    Health care insurance through United Health Care is getting slide worse over time

  • Nov 10, 2014
    Current Associate Director in South San Francisco, California

    Excellent healthcare and a fantastic 401k match (10% total). I also love the company bus to work that makes an otherwise awful commute more manageable. Oh, and don't forget the sabbatical every six years (6 weeks after 6 years)!

  • Nov 10, 2014
    Current Business Operations Manager in South San Francisco, California

    Best: 401k plan Worst: Cost of day care

  • Nov 2, 2014
    Current Associate Director in South San Francisco, California

    Nice to have a mix of stock and cash bonus, but could do more including an EPP. Stock bonus is small as well. Good 401K matching, which is the best part of the benefits. Tries to convince employees that a cafeteria, childcare etc. are part of the benefits...they are also ways to keep you working longer! Maternity leave should also be more than 6 weeks paid, GNE has the opportunity to set the bar on this but does not.

  • Oct 25, 2014
    Current Employee in New York, New York State

    Very generous company match to 401K plus generous yearly long term incentives of stock and stock options (Roche)

  • Nov 23, 2014
    Former Research Assistant in South San Francisco, California

    No benefits from Genentech if contracted.

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