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Frequently Asked QuestionsBenefits
| | | Are Sandoz salaries competitive?
Sandoz utilizes a market-based compensation approach. "Market-based" compensation means Sandoz looks outside the organization and sets our pay levels based upon the market in which we compete for business and talent. When determining market pay levels for our positions, we compare our jobs to those found in published salary surveys based upon a number of factors, including job responsibilities, education, and level. The survey sources used let us compare our jobs to ones in other organizations that are similar in size and revenue. Salary ranges are then constructed for each position. Salary ranges are a construct of our compensation program that helps guide pay decisions by serving as a fair and equitable way to recognize individual and job differences.
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| | | | Does Sandoz offer flexible schedules or daycare?
Each Sandoz location has hours of operation unique to the facility. The technical operations facility in Broomfield, Colorado operates three shifts, seven days per week. The research and development facility in Dayton, New Jersey operates two shifts, five days per week. The corporate facility in Princeton, New Jersey operates one shift, five days per week. Employees are offered flexibility in scheduling their work hours based upon the needs and demands of the business. Sandoz does not have an onsite daycare facility
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| | | | Does Sandoz offer a relocation package?
A move to a new location provides a wide range of opportunities for different experiences and personal growth. It is the intention of Sandoz to provide financial assistance and professional services to assist our new hires with relocation. The program is designed to offset the impact of the relocation on new hires and their families. When a new hire enters the program, they are assigned a Sandoz Site Coordinator who will assist and advise them during their entire relocation. In order to be eligible for Sandoz's New Hire Relocation Policy, the new hire must meet the IRS guidelines for a qualified relocation to the new work location: The one-way commuting distance from present residence to new work location must be 50 miles greater than the distance traveled from present residence to old work location, and The new hire must be a full-time employee at the new location for at least thirty-nine (39) weeks in the 12-month period immediately following the start of work.
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| | | | I have a friend who is interested in a new job; does Sandoz offer an Employee Referral Program?
Sandoz has an Employee Referral Program designed to reward employees for qualified, successful referrals. Current Sandoz employees submit the referrals to their Human Resources representative. If the referral is hired, the employee receives a monetary reward a few days following the referral's 90-day anniversary date.
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| | | | Does Sandoz offer Domestic Partner benefits?
Under the Sandoz benefit plan, domestic partners may be covered for medical and dental benefits. A qualified domestic partner can be same or opposite sex.
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| | | | How many holidays and vacation days are available through the Sandoz benefit package?
Sandoz offers twelve company holidays (typically eleven calendar holidays and one personal holiday). Sandoz vacation year runs from January 1st through December 31st of the same calendar year. New employees accrue vacation based upon their month of hire. Subsequent vacation hours are based upon the following schedule:
| Length of Service: | Earned Vacation Hours: | | 1 year, but less than 5 years | 80 hours | | 5 years, but less than 10 years | 120 hours | | 10 years, but less than 15 years | 160 hours | | 15 years, but less than 20 years | 200 hours | | 20 years and above | 240 hours |
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