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GLAXOSMITHKLINE(GSK)

GLAXOSMITHKLINE(GSK). A PROJECT ON HRM BY: Lopamudra P anigrahi Himasweta p attnaik Bishnu P riya Prusty

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GLAXOSMITHKLINE(GSK)

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  1. GLAXOSMITHKLINE(GSK) A PROJECT ON HRM BY: Lopamudra Panigrahi Himasweta pattnaik Bishnu Priya Prusty Sunil Kumar Panda Ghouse Taj Khan

  2. INTRODUCTION: GlaxoSmithKline (GSK) is a British multinationalpharmaceutical, biologics, vaccines and consumer healthcare company headquartered in London, United Kingdom. It is the world's fourth-largest pharmaceutical company measured by 2009 prescription drug sales . It was established in 2000 . It also has a large consumer healthcare division . It is the fifth-largest company listed on the London Stock Exchange.

  3. OBJECTIVE GSK currently offers employees of particular grades eligibility to participate in the following Long Term Incentive Plans (LTIP’s): Share Options, with a 10 year lifespan. Performance Share Plan (PSP), with a three (3) year lifespan. Share Value Plan (SVP), with a three (3) year lifespan.

  4. PRODUCTS • Our products • Prescription medicines • Analgesic • Anti-Infective • Anti-Inflammatory • Anti-Parasitic • Cardiovascular • Dermatology • Diabetes • Endocrine • Gastrointestinal • Gynaecology • Immunosupressants • Nutritional • Respiratory

  5. BENEFITS & REWARDS Total Reward at GSK consists of: Pay - Salary, bonus/incentive compensation, and recognition awards. Shares & Savings - stock ownership account, cash balance pension plan, financial planning and education, and long-term incentives for eligible employees. Health & Life - Healthcare and other insurance coverages, an employee assistance program, dependent care resources, time off with pay, reimbursement programs, and corporate discounts. Development - Performance and development planning.

  6. BENEFITS & REWARDS Employee benefits Salaries We offer competitive base salaries that are reviewed annually. Bonuses Bonuses are the main reward for performance, and are based on business achievement and individual performance. Recognition awards We also believe that it is important to recognize and reward special achievements and contributions by employees and teams.

  7. BENEFITS & REWARDS Shares & Savings Taking a partnership approach, GSK share the responsibility for saving for the future by offering a range of programs that enable you to plan around your individual needs. After one year, a stock ownership account that automatically puts 2% of your eligible pay in the form of GSK stock into that account, which you may diversify at any time. After one year, enrolment in the company-paid cash balance pension plan, which invests 5% of your eligible pay. Eligible employees are granted GSK shares, as an incentive for them to contribute to and have a personal stake in our success. A financial education program.

  8. RECRUITMENT IN GSK GSK in India GSK in India employs more than 3500 people. GSK is the dominant player in the Indian pharma space having this position for several decades. GSK Culture and values is summed up in the GSK spirit that defines the qualities they expect all their employees to embrace: performance with integrity entrepreneurial spirit focus on innovation a sense of urgency passion for achievement

  9. ANNUAL REPORT The decade ahead will see more and more people aspiring to do more, feel better and live longer. In human resources domain company continued to focus on three strategic pillars i.e. Capability Building Talent Management Employee Engagement

  10. THANK YOU

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