Company Profile
Merck
Company Overview
Today's Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. For more information, visit www.merck.com.
Company History
Merck and Schering-Plough recently merged to create a new company. Today, we are the second-largest pharmaceutical company in the world. We also are a global leader in consumer products and animal care.
Both Merck and Schering-Plough have a long and rich history of working to improve people's health and well-being. Through the years, our researchers have helped to find new ways to treat and prevent illness - from the discovery of vitamin B1, to the first measles vaccine, to cold remedies and antacids, to the first statins to treat high cholesterol. Our scientists also have helped develop many products to improve animal health, including vaccines and antibiotics.
While we are proud of our past, we are enthusiastic about the future of this new company and we are excited to help create a healthier, brighter future for people around the world.
Benefits
Our employees are the key to our company's success. We demonstrate our commitment to our employees by offering a competitive and valuable rewards program.
Merck's benefits are designed to support the wide range of goals, needs and lifestyles of our employees, and many of the people who matter the most in their lives.
Total Compensation
Total compensation at Merck is comprised of various programs, designed to recognize and reward different aspects of your performance.
Base Pay - Determined by an employee's actual position in the marketplace and sustained performance over time, as well as development of skills and abilities
Incentive Pay - Cash bonus that rewards performance through the achievement of specified objectives, which may include company, division, and individual results.
Long-Term Incentives - Equity-based incentives, such as stock options, that recognize employees' future potential for significant contribution to the company.
Health & Wellness
We recognize the importance of our benefits offerings to our employees and their families and we are proud to offer a competitive and comprehensive package that includes coverage options in the following areas:
Medical - Depending on your geographic area, you may choose from a variety of medical plans that feature in-network only or both in and out-of-network benefits. Merck and its employees share the cost of healthcare benefits, with the company offering significant financial support.
Prescription Drug - All medical options (except the no coverage option) offer prescription drug coverage with retail and mail service options. And, when you take advantage of the program's mail-order pharmacy service, you save money.
Vision - Optional coverage that offers significant benefits.
Dental - Features in-network or out-of-network benefits.
Health and Dependent Care Accounts - Optional pretax accounts that provide opportunities to set aside money to pay for certain healthcare and dependent day care expenses.
Live. Work. Play.
Our benefits are designed to make life healthier, happier and more convenient because we recognize the importance of work-life balance. At Merck, we support our employees in getting the most out of their lives, both personal and professional.
Paid Vacation - Three to six weeks paid vacation, based on length of service.
Holiday Schedule - All employees are eligible for up to 13 paid company holidays.
Flexible Work Arrangements - With manager approval, option for flexible work schedules and arrangements to help you balance life's responsibilities.
Education Assistance and Scholarship Programs - For eligible employees,financial support for higher education, including all or a portion of the cost of tuition, registration and other fees.
Employee Assistance Program - Provides help by offering confidential professional assessment, referral, counseling and education services.
Fitness and Wellness Centers - Available at many locations to support health and well-being.
Day Care Centers - Conveniently available on-site at many major locations.
Employee and Matching Gift Programs - Support selected non-profit, charitable and educational community-based programs and services – some available through payroll deduction.
Corporate Discounts - Employees are eligible for discounts at local shops and vendors, as well as on automobiles, travel and entertainment, electronics and more.
Referral Services - Available resource and referral services to provide assistance in matters of elder and well/sick child care, parenting, self-health, adoption, college consultations, and other topics at no cost to the employee.
Financial Well Being
At Merck, we offer a comprehensive and competitive benefits package, including plans and resources designed to help you achieve short- and long-term financial goals.
Savings/401(k) - Provides for savings through payroll deduction along with company-matching contributions.
Pension - For eligible employees, automatic enrollment in a defined benefit retirement plan to provide retirement income based on years of credited service with the company and final average pay.
Financial Planning - Access to various resources and services, including Web site access on critical and timely financial topics and retirement planning tools.
Insurance - Various insurance coverage plans, including short and long-term disability, employee and dependent life, long-term care and business travel accident insurance.
Banking Services - Access to a range of on-site banking and other financial