Compensation
AT THERMO FISHER SCIENTIFIC
Compensation plays a critical role in how we attract and retain talent. It’s also a key driver of our organizational growth, with pay-for-performance serving as a cornerstone of our compensation programs.
As a leader in a large, global organization, your commitment to making informed compensation decisions will help to ensure an equitable experience for all colleagues.
How we approach compensation.
How we determine base pay.
Annual total compensation planning.
The Total Compensation Planning process occurs annually to allocate colleagues’ merit increases, and if eligible, AIP (Annual Incentive Plan) or LTI (Long-Term Incentives). This training helps managers and HR partners become familiar with the process and provides essential information you need to do each year to reward colleagues appropriately.
Compensation resources.
Our total rewards package.
Compensation plays an important role in the total rewards package available to colleagues. Here is what’s included.
Base payBase pay is the foundation of a colleague’s total compensation package and refers to the amount of money paid to them, either as an hourly rate or annual salary, depending upon their role.
Short-term incentives
Long-term incentives 
Recognition awards 
Savings plans Savings plans include a 401(k) retirement plan and the Employees’ Stock Purchase Plan (ESPP) to support colleagues’ financial health.
Health & welfare We offer comprehensive benefits and resources including high-quality medical, wellbeing, and insurance programs colleagues can count on.