Novo Nordisk Joins Fortune 100 Best Companies To Work For® 2014 For 6th Consecutive Year

By Estel Grace Masangkay

Biotech and pharma company Novo Nordisk joins the list of 2014 Fortune 100 Best Companies to Work For^® for the sixth consecutive year. The U.S. arm of the Danish company was ranked 72^nd in this year’s list for its outstanding workplace culture. Novo Nordisk joins the list along with another top pharma company Genentech (ranked 6^th).

GreatRated found Novo Nordisk’s employees highly satisfied with their workplace thanks to European-style benefits and work policies, alongside a sense of pride in helping patients with diabetes. Ninety-seven percent of employees said their contributions to the company’s community involvement and drug research made them feel good. Ninety-three percent felt they make a difference through their work at Novo Nordisk. In the company review, an employee was quoted as saying, "There is a singular focus around diabetes here and more of a focus on the patient as the benefactor of what we do than I've seen at other pharma companies."

A total of 1,094 Novo Nordisk employees were surveyed for the review with a 95% confidence level and ±2.60 margin of error. Employee ratings for Novo Nordisk are as follows:

The company provides its employees with development opportunities, benefits, and notable compensation through its Total Rewards strategy. These include programs such as rotational programs, mentoring, and pay-for-performance work plans. Perks like retirement and 401k employee plans as well as well-paid time off also contributed to high employee satisfaction. Novo Nordisk has almost 5,000 employees and annual revenues of over $5,600 million.

Novo Nordisk Human Resource and Public Affairs corporate Vice President Jeff Frazier said, “Receiving this recognition for the sixth year in a row is a true testament to the dedication and passion we see across our employee base… To attract and retain the best talent requires a unique company culture that inspires and engages people. As our employees continue to innovate and lead in the diabetes marketplace, we will continue to match their enthusiasm and dedication with the best opportunities available.”

Source:

http://press.novonordisk-us.com/index.php?s=20295&item=122760

http://www.greatplacetowork.com/best-companies/100-best-companies-to-work-for