Hr4U Merck (2024)

FAQs

Do people like working for Merck? ›

Do people recommend working at Merck? Overall, 86% of employees would recommend working at Merck to a friend. This is based on 6,008 anonymously submitted reviews on Glassdoor.

Global flexible work arrangements

Flextime, summer hours, remote work, telework, job sharing, and part-time work are only a few of our company's options, available consistent with business needs, to help you thrive while managing your personal life.

Employment at Merck is at-will, which means that employees are not hired for a specific duration of time and that either Merck or the employee may sever the employment relationship at any time, for any reason, with or without notice.

Merck is a multinational company based in Darmstadt, Germany and active in 66 countries. Merck, a leading science and technology company, is represented in Germany by all three business sectors: Healthcare, Life Science and Electronics. We have more than 12,000 employees in Germany.

People who say the company's products injured them have filed thousands of lawsuits against Merck. The Big Pharma company has also faced patent lawsuits and criminal charges for illegal marketing and price gouging. Merck is probably most well-known for its Vioxx scandal.

You will be eligible for consideration for a salary increase on an annual basis. Executive Incentive Plan (EIP): You will be eligible to participate in the Executive Incentive Plan (EIP) as it applies to similarly situated Company employees, subject to the terms of the plan.

Sign-On Cash: You will receive a cash sign-on bonus in the aggregate amount of $530,000, less applicable payroll deductions and withholdings, payable within thirty days of your start date. Your right to retain the sign-on bonus is conditioned upon your continued employment with a Merck Entity for two years.

Vacation and Paid Holiday Policy: Your vacation benefit will be 5 weeks annually (or 25 days), in accordance with Merck policy. In addition to your vacation benefit, Merck policy currently provides 13 paid holidays; 10 of these holidays are predetermined holidays and 3 are personal floating holidays.

If Merck has a traditional pension plan, the retirement benefits you receive from the plan are based on your age, years of service, and annual salary. You typically must work until your company's normal retirement age (usually 65) to receive the maximum benefits.

Follow along as we keep you up to date on which companies are tightening their belts and cutting staff. Merck let go some 75 to 80 people this week, STAT reported Wednesday. The layoffs, which came across multiple groups, affected the company's early research division, according to the publication.

What is the warn period for Merck? ›

If your job loss is part of a mass layoff, the company is required by federal law to provide at least 60 days notice under the Worker Adjustment and Retraining Notification (WARN) Act.

The Merck Pension Plan is a great retirement benefit for Merck employees. Your exact pension depends on your hire date, original hire company, and if you are management or not.

The Merck Group includes around 250 companies in 180 countries; the current main parent company of the group, since 1995, is named Merck KGaA, and is itself mainly owned by the former main parent company, E. Merck oHG, which now operates as a holding company. The American pharmaceutical company Merck & Co.

Keytruda is not only Merck & Co.'s top product but also one of the best-selling drugs worldwide, generating some 25 billion U.S. dollars in revenue during 2023. The cancer drug with the generic name pembrolizumab increased its revenues for around four billion U.S. dollars compared to 2022.

Big Pharma Through the Centuries

J&J, Eli Lilly, Pfizer, Merck and Roche can be thought of as the old big guns. These five companies and a handful of other undeniably big pharmaceutical companies were founded in the 1800s.

86% of employees at Merck say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place To Work® 2021 Global Employee Engagement Study. I'm proud to tell others I work here. I am able to take time off from work when I think it's necessary.

Merck has an employee rating of 4.2 out of 5 stars, based on 5,500 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Merck employee rating is 22% above average for employers within the Pharmaceutical and biotechnology industry (3.4 stars).

The company's rich history of innovation and its dedication to research and development make it an attractive career destination. Plus, Merck offers comprehensive benefits, competitive compensation, and a culture that values diversity and inclusion.