Lilly Employee Benefits & Perks
The famous Pharmaceutical Company Elli Lilly and Company is an American pharmaceutical company, which was founded in the year 1876. The current headquarter of the company is located at Indianapolis, Indiana. The company has its foothold in many countries having a total of around 33,000 employees worldwide. The company has a solid century long reputation with annual multibillion dollar net income. To maintain and grow its business the organisation heavily relies on its employees. The company provides various performance based rewards, benefits and amenities to the employees to boost their morale and motivation in their jobs.
If you want to know the benefits and perks of working in this leading pharmaceutical company then this page can provide you detailed and correct information. The employees working at Lilly can check the list of all the Lilly Employee Benefits & Perks in this article.
Eligibility for Lilly Employee Benefits
There are a few requirements to be considered for the Lilly employee benefits. They are detailed below,
- An individual should have a valid employee ID to access the employee benefits.
- A person should be a regular employee of the pharmaceutical company. Any part-time employee or intern is not eligible for the employee benefits.
- A person must have citizenship or should be a permanent resident of the country in which he/she is working for Lilly.
Lilly Employee Benefits Complete Details
The company provides many basic benefits to its employees like pension benefits, leaves that are fully paid, insurance, and medical check-up benefits. These benefits protect the employee and his/her family, giving the employee more motivation to contribute efficiently to the organization. Apart from these benefits, the company also provides profit sharing, severance pay, and performance-based rewards to the employees to encourage the employees to work harder for increasing the organization’s profitability. The benefits and perks are discussed in detail in the next paragraph.
Benefits and Perks
- Health Insurance: The Pharma Company provides one of the best available corporate health insurance to protect the employees and their families from any kind of medical emergencies.
- Life Insurance: In case of any unfortunate event that leads to the death of the employee, the company maintains a life insurance policy for its employees with no additional cost on the employees. The beneficiary of the policy being the wife/husband or any other close family member of the employee.
- Disability Insurance: The employees of the company are provided with long term disability insurance in case of any mishap resulting in disabling the employee.
- Medical Check up: The employees are provided regular medical checkups for any kind of Dental and Vision related issues. The employees can also approach the management to be checked if any problem arises due to dental or vision issues.
- 401(K) Savings Plan: Elli Lilly provides a decent contribution towards the pension funds of their employees. The employees can also make their contribution in the pension fund by paying in the 401(K) savings scheme.
- Profit Sharing: The Company shares its annual net profits as incentive with the employees in order to boost their morale to work hard and efficiently for the company. Regular bonuses on stock s are also paid to the employees who hold shares of the company.
- Severance Pay: In case of conclusion of employment, be it retirement or resignation, the company pays severance pay to the outgoing employee.
- Leaves and Paid Time Off: All the full-time employees of the organization are provided with PTO s annually. These PTOs can be availed according to the need of the employee. Also, the employees are provided parental leave and child care leave if any employee becomes a new parent.
Careers at Lilly
If you have specialization in pharmaceutical applications or in medicine research then you are eligible to become a part of Lilly. Being in one of the most trusted pharmaceutical organisations will not only boost your career but also will provide you with good pay and other benefits as mentioned here. You can check the career portion from the official webpage of Lilly at the website www.lilly.com.
Important Links
- Lilly Official Website Link:
- Lilly Endowment Website Link:
You may also like to check:
- United Health Group Employee Benefits
- FMC Employee Benefits
- Burger King Employee Benefits
- McDonald’s Employee Benefits and Perks
- Amazon Employee Benefits
- Uber Employee Benefits
About Lilly
The company is listed as 123rd in the Fortune 500 list with a net income of around $ 8 Billion in the last year. The company was founded by Elli Lilly, who was a veteran of the American Civil War and fought with the Union Army during the war. The company is listed on the New York Stock Exchange and it is currently the largest manufacturer of psychiatric drugs.
Final Words
Thank you for reading the entire article about the employee benefits of Elli Lilly and Company. If you have any questions regarding the article then please comment below and we will reach to you soon.
Leave a Reply