Rewards & Benefits

Rewards

Our total compensation programme is one of the best. It has been designed to be directly competitive with our peer groups of high performing companies. We link reward with business and individual success both in the short and long term. This structure is typically composed of three elements: fixed base salary, variable short-term and long-term incentives. The performance-oriented variable parts of the compensation package may take the form of cash, stock options or shares. These are linked to the business results of our Divisions and Business Units, as well as individual performance.

Personal and business targets are set in line with global Division and Business Unit objectives. A primary goal of Novartis' total compensation structure is that total compensation should directly reflect both individual and Novartis performance. This pay for performance approach leads to total compensation at superior levels for high performers.

 

Benefits

Recently introduced, Reflexions is the Novartis UK Flexible Benefit package which includes:

• Core benefits: money purchase pension plan, employee share plan (receive one extra share for every two purchased), private health cover (free for employees with reductions for employee's families
• Security and Protection benefits
• Health and Well-being benefits
• Lifestyle benefits
• Voluntary benefits such as discount shopping scheme (employee reductions on a wide range of household goods/services)

Find out more about benefits offered to our associates

Learn more about the benefits offered to associates working at Pharma Frimley