Corporate Social Responsibility

Benefits & wellbeing

At Thermo Fisher, we believe in the importance of empowering colleagues to take control of all aspects of their wellbeing – emotional, physical, social and financial. Wellbeing impacts the lives of our colleagues in countless ways every day – from how we take care of ourselves and our families physically, to emotional health and personal financial matters, to how we balance our personal and professional lives. Our Total Rewards package includes a holistic approach to wellbeing, with a wide variety of programs and resources available to our colleagues, with some variation by location.

As one of our key Human Resources platforms, our global Total Rewards team is led by a Vice President who reports directly into the Chief Human Resources Officer. The team's goal is to deliver a competitive total rewards package that all colleagues understand and value. We leverage our Colleague Service Center to inform and engage with our colleagues on the various programs and tools available to them. We regularly evaluate and measure our program against established benchmarks to ensure we are delivering the right mix of services and resources, and that our colleagues are receiving a consistently great experience. 

Health and wellbeing

Our global mindset combined with local focus helps us deliver high-quality medical, wellness and insurance programs to approximately 90,000 colleagues across the world. In addition to our comprehensive benefits and resources, we are proud to offer unique and innovative services that provide our colleagues with access to the cutting-edge science they enable every day.

 

While specific benefits and programs vary by location, as an example, for U.S. colleagues we offer:

  • A choice of national medical and dental plans, and a national vision plan.

  • A wellness program, and valuable health incentive opportunities.

  • Tax-advantaged savings and spending accounts, commuter benefits, optional group legal coverage and opportunities for company Health Savings Account (HSA) contributions.

  • Company-paid disability, accident, life insurance and employee assistance programs, with options to purchase additional coverage at group coverage rates to further support and protect their families.

  • A choice of national medical and dental plans, and a national vision plan.

  • A wellness program, and valuable health incentive opportunities.

  • Tax-advantaged savings and spending accounts, commuter benefits, optional group legal coverage and opportunities for company Health Savings Account (HSA) contributions.

  • Company-paid disability, accident, life insurance and employee assistance programs, with options to purchase additional coverage at group coverage rates to further support and protect their families.

  • A company-paid second opinion service that connects U.S. colleagues with leading doctors for expert opinions on their health status — all without leaving home.

  • A suite of parenting educational apps provides personalized support along the colleague’s journey — from fertility, to pregnancy, and ongoing parenting.

 

Making an IMPACT on cancer care for our colleagues

Our Individualized Medical Pathways for Advanced Care and Treatment (IMPACT) cancer care program is an innovative, company-paid benefit available to colleagues and close family members in Canada, the U.S., and the U.K. Participants in the program receive personalized support and direct lines of communication to internal experts in cancer genetics and genomics, covering every type, stage and diagnosis. These licensed and board- certified genetic counselors are more than leaders of IMPACT. The team serves as personal navigators for participants and collaborative partners for physicians to help enhance ongoing cancer treatments. Every participant’s IMPACT journey is unique, but services for colleagues or their dependents facing cancer may include genetic counseling, clinical trial matching and access to cutting-edge tests and expert advice not typically available in other companies’ health insurance plans.

Finance and future

Sites across our company form Wellness Teams to promote individual wellness efforts among their colleagues ranging from organizing team participation in runs, walks, and cycling events, to providing cardiopulmonary resuscitation (CPR) training and increasing awareness around mental health and workplace safety. 

  • We offer retirement and savings programs, for example our competitive 401(k) U.S. retirement savings plan that includes generous company-matching contributions of 100% of employee contributions up to 6%, and automatic features that make it easy and convenient to save for retirement.

  • Our Employees’ Stock Purchase Plan (ESPP) offers eligible colleagues (based on location within 20+ participating countries) the opportunity to purchase company stock at a discount.

  • Our employee discount program helps colleagues save on thousands of products and services, including significant discounts on our iconic NalgeneTM reusable water bottles and containers.

  • Our partnership with a national bank allows Thermo Fisher U.S. colleagues to get a special bundle of no-fee, everyday banking services, as well as certain discounts on new mortgages and loans.

  • Our tuition reimbursement policy promotes continued education and learning, encouraging colleagues to enhance skills related to their present and future roles in the organization.

  • Tax-advantaged commuter benefits and optional legal coverage and other supplemental financial and health plans.

Life and time away

Our colleagues invest a lot in their families, communities and work. We are proud to support their whole lives through programs and tools that drive holistic wellbeing. We also provide opportunities for our colleagues to get involved in their community and support causes they care about.

  • We welcome flexible work arrangements, subject to specifics of the role.

  • We offer paid volunteer time and charitable gift matching.

  • Our U.S. paid time off (PTO) donation program empowers colleagues to help one another in times of need.

  • When colleagues start or grow a family, they receive company-paid parental leave benefits. In the U.S., for example, we offer 3 weeks of paid bonding leave and 8 additional weeks of paid leave for primary caregivers.

  • Our back-up care program assists colleagues in finding temporary care for loved ones when regular care arrangements break down to support colleagues with the flexibility to meet life and work demands.

  • Our college advising program offers personalized guidance, live events, and online resources to help colleagues save time and alleviate worry about their child’s education.

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