a project on hrm by: lopamudra panigrahi himasweta pattnaik bishnu priya prusty sunil kumar panda...

A

PROJECT ON HRM BY:

LOPAMUDRA PANIGRAHI HIMASWETA PATTNAIK

B ISHNU PRIYA PRUSTY SUNIL KUMAR PANDA GHOUSE TAJ KHAN

GLAXOSMITHKLINE(GSK)

INTRODUCTION:

GlaxoSmithKline (GSK) is a British multinational pharmaceutical, biologics, vaccines and consumer healthcare company headquartered in London, United Kingdom.

It is the world's fourth-largest pharmaceutical company measured by 2009 prescription drug sales .

It was established in 2000 . It also has a large consumer healthcare division .It is the fifth-largest company listed on the

London Stock Exchange.

OBJECTIVE

GSK currently offers employees of particular grades eligibility to participate in the following Long Term Incentive Plans (LTIP’s):

Share Options, with a 10 year lifespan. Performance Share Plan (PSP), with a three

(3) year lifespan. Share Value Plan (SVP), with a three (3) year

lifespan.

PRODUCTS

Our productsPrescription medicines

Analgesic Anti-Infective Anti-Inflammatory Anti-Parasitic Cardiovascular Dermatology Diabetes Endocrine Gastrointestinal Gynaecology Immuno supressants Nutritional Respiratory

BENEFITS & REWARDS

Total Reward at GSK consists of:Pay - Salary, bonus/incentive compensation, and

recognition awards.Shares & Savings - stock ownership account, cash

balance pension plan, financial planning and education, and long-term incentives for eligible employees.

Health & Life - Healthcare and other insurance coverages, an employee assistance program, dependent care resources, time off with pay, reimbursement programs, and corporate discounts.

Development - Performance and development planning.

BENEFITS & REWARDS

Employee benefits SalariesWe offer competitive base salaries that are reviewed

annually.BonusesBonuses are the main reward for performance, and

are based on business achievement and individual performance.

Recognition awardsWe also believe that it is important to recognize and

reward special achievements and contributions by employees and teams.

BENEFITS & REWARDS

Shares & SavingsTaking a partnership approach, GSK share the responsibility for

saving for the future by offering a range of programs that enable you to plan around your individual needs.

After one year, a stock ownership account that automatically puts 2% of your eligible pay in the form of GSK stock into that account, which you may diversify at any time.

After one year, enrolment in the company-paid cash balance pension plan, which invests 5% of your eligible pay.

Eligible employees are granted GSK shares, as an incentive for them to contribute to and have a personal stake in our success.

A financial education program.

RECRUITMENT IN GSK

GSK in IndiaGSK in India employs more than 3500 people. GSK is

the dominant player in the Indian pharma space having this position for several decades.

GSK Culture and values is summed up in the GSK spirit that defines the qualities they expect all their employees to embrace:

performance with integrityentrepreneurial spiritfocus on innovationa sense of urgencypassion for achievement

ANNUAL REPORT

The decade ahead will see more and more people aspiring to do more, feel better and live longer.

In human resources domain company continued to focus on three strategic pillars i.e.

Capability BuildingTalent ManagementEmployee Engagement

THANK YOU