This excerpt taken from the ELN 6-K filed Mar 30, 2009.
We believe that our past and future successes are dependent on the commitment and hard work of our employees, and we recognise the importance of remaining an employer of choice within our business areas. We believe an inclusive environment and diverse workforce is essential and supports the creativity and innovation that is vital to our success, and all employees receive and partake in Respect in The Workforce and Code of Conduct training.
Our compensation is competitive and based on a philosophy that emphasises pay-for-performance and differentiation, with the highest rewards reserved for the highest performers. All employees are eligible for an annual cash bonus, based on the performance of the Company, business areas, teams and individuals. Through our health insurance and retirement benefits, we encourage our employees to safeguard their own health and futures and those of their families irrespective of the jurisdiction in which they live. We offer an independent confidential psychological support line for all our employees, which allows free access to a network of qualified professional counsellors.
We offer employees the opportunity to participate in the ownership of Elan. Employees can take part in equity-based incentive schemes such as our Employee Equity Purchase Plan in the United States or our Approved Profit Sharing Scheme in Ireland. Since their inception, these schemes have had a high level of participation, which we feel creates a sense of ownership and helps to align our employees interests with the rest of our shareholder base.
We commit significant resources to the training and development of our employees. While we focus mainly on professional and scientific development, we also cover areas such as health and safety, the environment, and leadership training. Training needs are assessed on an individual basis, and all employees are encouraged to maintain an individual development profile that makes development part of their routine. Outside of formal training programmes, we encourage development through on-the-job direction, a performance management programme, coaching and mentoring, and a tuition-reimbursement programme for qualified, relevant coursework.