Amgen
Amgen Compensation & Benefits
This page was generated by Built In using publicly available information and AI-based analysis of common questions about the company. It has not been reviewed or approved by the company.
How are the compensation & benefits at Amgen?
Strengths in retirement support, leave breadth, and incentive offerings are accompanied by challenges in base pay competitiveness, raise velocity, and equity accessibility. Together, these dynamics suggest a total rewards package that is bolstered by benefits yet uneven in cash and equity outcomes across functions and locations.
Positive Themes About Amgen
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Retirement Support: The 401(k) design, company contributions, and retiree medical savings features stand out as strong wealth-building supports. Despite recent adjustments, retirement programs remain a notable value component of total rewards.
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Leave & Time Off Breadth: An award-winning PTO program and paid bi-annual U.S. shutdown weeks add meaningful, predictable time away without drawing down PTO. Broad leave options further reinforce work-life balance.
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Strong & Reliable Incentives: Annual bonuses and long-term incentives, including stock grants and an ESPP, are positioned as core parts of compensation. These programs provide structured performance-based rewards alongside base pay.
Considerations About Amgen
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Stagnant Pay & Limited Progression: Annual raises are described as modest and not keeping pace in higher cost-of-living areas. This slows cash progression over time and dampens satisfaction for some roles.
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Unfair & Opaque Compensation: Pay is characterized as inconsistent across the same levels and as trailing competitors in certain functions and locations. Misalignment with local living costs contributes to perceived inequities.
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Low or Inaccessible Equity: Lengthy vesting schedules limit near-term equity realization. This timing reduces the immediate value employees derive from stock awards each year.
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