Transcript glaxosmithkline(gsk)

GLAXOSMITHKLINE(GSK)
A PROJECT ON HRM
BY:
LOPAMUDRA PANIGRAHI
HIMASWETA PATTNAIK
BISHNU PRIYA PRUSTY
SUNIL KUMAR PANDA
GHOUSE TAJ KHAN
INTRODUCTION:
 GlaxoSmithKline (GSK) is a British
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multinational pharmaceutical, 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.
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.
PRODUCTS
 Our products
 Prescription medicines
 Analgesic
 Anti-Infective
 Anti-Inflammatory
 Anti-Parasitic
 Cardiovascular
 Dermatology
 Diabetes
 Endocrine
 Gastrointestinal
 Gynaecology
 Immuno supressants
 Nutritional
 Respiratory
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.
BENEFITS & REWARDS
 Employee benefits
 Salaries
 We offer competitive base salaries that are reviewed
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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.
BENEFITS & REWARDS
 Shares & Savings
 Taking a partnership approach, GSK share the responsibility
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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.
RECRUITMENT IN GSK
 GSK in India
 GSK in India employs more than 3500 people. GSK is the
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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
ANNUAL REPORT
 The decade ahead will see more and more people
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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