Benefits and wellbeing
We provide a competitive and highly valued total rewards package to attract and retain exceptional, Mission-driven colleagues. To offer both meaningful and fair benefits, we follow a global framework and set of design principles to implement programming at the country level that promotes talent mobility and well being.
As a global company, the benefits and total rewards we offer vary by country. More information is available on our Total Rewards website.
In the US, colleagues have a choice of comprehensive medical, dental and vision plans, including tax-advantaged savings and spending accounts, as well as commuter benefits, an enhanced mental health benefit inclusive of employee assistance programs (EAP) and company-paid disability, accident and life insurance. We also provide eight weeks of paid leave for primary caregivers and three additional weeks of bonding leave for new parents.
Part-time colleagues in North America who work at least 20 hours per week also have access to benefits, including medical and retirement plans.
One of our many company-sponsored proprietary programs is IMPACT, which gives colleagues and their families access to personalized support and direct lines of communication to experts after a cancer diagnosis. Through IMPACT, we recently enrolled our 1,000th participant and, in 2025, will celebrate 10 years of making a difference in the lives of our colleagues and their loved ones.
Financial wellbeing
We invest in our colleagues’ financial health, helping them to grow and protect their savings, plan for the future and share in the success of the company they are helping to build. For example, our programs in the United States and United Kingdom offer financial education on topics including savings, debt, purchasing a home, planning for retirement and planning for a child’s education.
In addition, we provide tuition reimbursement in the United States, Canada and Puerto Rico and our Employee Stock Purchase Plan (ESPP), available in more than 20 countries, offers colleagues the opportunity to purchase company stock at a discount.
Mental health and wellbeing
As the need for mental health care continues to rise worldwide, we remain steadfast in providing programs that help our colleagues be the best versions of themselves. Our mental health benefit provides global colleagues with services in their local language at no cost.
In 2024, we launched an extended mental health benefit in key countries to ensure access and coverage is available to those that need it most. Globally we also focused on removing mental health stigmas and encouraging colleague use of available resources.
For our leaders, our program also focuses on how to support the mental health of team members. We provide quarterly webinars, one-on-one manager consultations and trainings. Specific focus areas in 2024 included nutrition, end of life planning and election and geopolitical stress.
Meeting colleagues’ evolving needs
Continually evaluating our total rewards package is key. We measure it against established benchmarks and relevant market practices to deliver flexible and efficient programs and resources that best meet the needs of our global colleagues and their families.Staying aligned to the changing needs of our colleagues is key to supporting them in ways that will truly add value to and most positively impact their lives.
In 2024, we launched exciting new offerings at no additional costs for colleagues:
Virtual physical therapy program.
For US colleagues and their families, this program allows them to receive personalized exercise programming that addresses knee, back and other joint and muscle pain.
Inflection, a global program for menopause, fertility and family building.
This program provides inclusive, research-based, curated resources with content developed and delivered by leading experts on topics such as family planning costs and options. Inflection supports our colleagues in making informed decisions with confidence. In partnership with the Women’s Empowerment BRG, this offering led Thermo Fisher to become a certified menopause friendly employer in the UK in 2025.