Benefits

Total Rewards

Total Rewards at MSD is comprised of various programs, designed to recognise and reward different aspects of your performance. Our Total Rewards philosophy is to provide employees with a competitive, comprehensive and integrated package of compensation and benefits that supports our combined businesses, as well as a range of employee needs.

Total Remuneration - determined by labour market relativities, an employee’s sustained performance over time, as well as the development of skills, knowledge and abilities.

Variable Pay– where applicable, an incentive payment that rewards performance through the achievement of specific goals and objectives, which may include company, division, and individual results

Long-Term Incentives - equity-based incentives, such as stock options, that recognise employees' future potential for significant contribution to the company.

Live. Work. Play.

Our benefits are designed to make life healthier and happier because we recognise the importance of work-life balance. At MSD, we support our employees in getting the most out of their lives, both personal and professional.

Reward Yourself Program – employees receive three "Reward Yourself Days" per calendar year once they reach six months service. Reward yourself days are additional discretionary leave days granted above and beyond other leave entitlements and provisions. Reward Yourself days are an opportunity for colleagues to reward themselves and take the extra time to relax, recharge and re-energise.

Volunteering Policy – employees are eligible – and actively encouraged - to give back to the community. Employees can volunteer up to 40 hours of their time during regular working hours (over the course of a year) toward Company-approved activities at external, non-profit organisations.

Flexible Work Arrangements – with manager approval, flexible work schedules and arrangements to help employee's balance life's responsibilities.

Education Assistance – financial support for higher education is available for eligible employees to cover costs such as of tuition, registration and other fees.

Medicines Subsidy Policy– employees are eligible for reimbursement of the cost of purchasing company products for themselves and their immediate family, to a capped amount per annum.

Purchased Annual Leave – employees may access the Purchased Annual Leave program once they reach twelve months service.

Additional Company Leave Day – a discretionary company leave day granted for the purposes of a company wide holiday.

Paid Parental Leave – competitive paid parental leave for (maternity,paternity and adoption leave) is available for eligible employees, including the ability to access additional paid leave, such as approved accrued leave.

Employee Assistance Program – provides confidential professional assessment, referral, counseling and education services.

Employee Recognition Program – employee reward and recognition program promotes employee engagement and achievement supporting Company access

Employee Referral Program – be rewarded for encouraging others in your network to join MSD.