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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Employees
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.
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