Genentech has a clear-cut mission statement: “Work hard, play hard, and give back.” The biotech giant has earned its place on Fortune’s Best Companies list for 22 years.
The pioneering science at the heart of the firm is, of course, a part of the reason its employees rave about its work culture. But it’s the extra effort that really makes a difference to workers. (One employee states that Genentech covers 100% of transportation costs to and from work.)
Benefits abound. Genentech’s 401(k) program offers a baseline 6% match—and then as much as 4% in additional contributions. The company is also on a deal spree for exciting science in the biopharma space, including genetic treatments for cancer and brain diseases.
Company Info
| Rank last year | 45 |
| Years on list | 22 |
| HQ location | South San Francisco |
| Employees | 13,638 |
| Job openings (as of February 2020) | 3,607 |
| Industry | Biotechnology & Pharmaceuticals |
| Revenue, 2019 or most recent year ($M) | - |
| Year founded | 1976 |
| Type of organization | Private |
| Number of work sites | 8 |
| Website | www.gene.com |
Perks
| 100% health coverage | No |
| Unlimited sick days | Yes |
| Telecommuting | Yes |
| Job sharing | Yes |
| Subsidized childcare | Yes |
| Compressed work weeks | Yes |
| Fully-paid sabbaticals | Yes |
| On-site fitness/subsidized gym | Yes |
| On-site medical care facility | Yes |
| Non-discrimination policy includes sexual orientation | Yes |
| Health insurance for part-timers | Yes |
| Sick days for part-timers | Yes |
| College tuition reimbursement | Yes |
| Student loan debt repayment | Yes |
| Medical facility at all locations | No |
Diversity
| % Women | 53.9% |
| % Minorities | 49.3% |
| % African-American/Black | 3.9% |
| % Asian | 33.4% |
| % Caucasian/White | 50.7% |
| % Hispanic/Latino | 8.6% |
| % Native American/Alaska Native | 0.3% |
| % Native Hawaiian/Pacific Islander | 0.6% |
| % Two or more races | 2.5% |
| % Unknown ethnicity | - |
| Date info provided | Aug. 27, 2019 |
Paid Time Off
| PTO limit (days) | 35 |
| # Sick days | Unlimited |
Compensation
| Most common job (for salaried employee) | Senior Clinical Specialist |
| Avg. base pay (salaried) | $160,293 |
| Avg. extra compensation (salaried) | $63,875 |
| Total pay for most common job (salaried) | $224,168 |
Hiring/Staffing (Past 12 Months)
| Full-time and part-time job growth | -4% |
| # of job applicants | 135,308 |
| Avg. # of applicants per opening | 38 |
| # New graduates hired | 58 |