Genentech is recognized for providing our employees with some of the most competitive and comprehensive benefits in the country. In 2015, we were ranked on FORTUNE Magazine's "100 Best Companies to Work For" for the 17th 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.
Pros: Free subscriptions to any scientific journals and literature that you want. Complimentary gym available on campus with free group classes. Flexibility to work schedule. Multiple ways of reimbursed eco-friendly transportation for commute to work. Several career development tools and programs available. Offer 401K matching of 4% and 7% is given for free regardless of your contribution. Matching donations to non profit organizations up to $2000 a year and offering $10 per hour for your volunteer time paid to your choice of non profit organization. Green Genes club which focuses on spreading awareness to sustainability and healthy life styles. Annual Genentech give back week to offer opportunity for employees to go volunteer during work hours (still being paid) and give back to community. Annual Genentech concert at the AT&T ball Park. First friday of the month Hoho's (happy hour social) provided on campus to encourage colleagues engagement. Free safe ride home five times a year regardless of where you live. Cons: Repetitive work that is highly important in delivering the pipeline does not get recognized by management. Promotion criteria is unclear. Department engagement is below 50%. Employees are afraid to speak their mind and hope someone brave enough to step up and voice for everyone. Benefits of employees are slowly diminishing, such as no more breakfast at morning meetings, lunch meetings are limited to in house sandwiches only, and increasing demands for higher work efficiency given that the amount of work each employee is handling already doubled. Research associate (RA) positions does not get replaced when someone leaves the company. The salary compensation for RA are unfair compared to compensations received from other functions of the company of equal employee status ranking level. Double standards across the company for conserving and leaning processes where later stage functions of the company has luxurious annual conferences at Las Vegas (including lodging accommodations and team building activities) where as R&D technical functions of the company get budgeted for expense to reduce what already was relatively minimal to become even less. First friday Hoho event had slowly become mostly a way for employees to hoard food to bring back home. Most employees who attend rarely networks but only stay within own comfortable group. Complimentary food and drinks are being limited where shortly after an hour of event start time, it will run out. Given the multiple available career development opportunities but with the expectation of more work efficiency due to 10x higher volume of projects funneling in, employee does not have the time to take advantage of most of these benefits of the company.
Great 401K benefits. The company contributes 6% of your salary annually whether you contribute anything yourself or not. Then they additionally match dollar for dollar up to 4% of your contributions.
Covers all of the basic health and welfare basics for the entire family, pets included! They also have contact information that was very helpful for obtaining in home care for my Grandmother.
401K matching is generous.6 week sabbatical every 6 years give employees a chance to reenergize! Could use a better vacation structure. You get 3 weeks/year regardless of seniority.
Best is the fantastic overall coverage and low out of pocket expense. They also do immediate 401k match.
The personal time off is very strict, and coming from academia this is difficult to adjust to. There is a week shutdown for Christmas though, and a 6 week sabbatical at the end of 6 years’ service. Other departments (e.g. legal) have the opportunity to work from home, remotely, or flexibly, this is not available to those in gRED.
good childcare service and good retirement benifits
There are many options available.
The best thing is you have options for PPO and HMO for health benefits.
competitive 401k, extended parental leave and subsidized HSA/FSA options for heath care coverage
List based on reports from current and former employees. It may not be complete.