A critical component of our company's vision is to be a best place to work. As part of this commitment, we provide our employees with comprehensive compensation and benefits.
Our global total compensation philosophy is to provide market-competitive pay while rewarding employees for individual and business performance. Our total compensation package includes base pay and may include variable pay, such as cash bonuses and stock-based compensation. It also includes market-competitive benefits that vary by country, region and/or role, to help employees meet their healthcare, income-protection, financial, retirement and time-off needs.
Baxter appreciates the increasing demands on our employees to manage their personal and work lives, and respects the need for different approaches to where and when work gets done. Workplace flexibility at Baxter refers to the modification of time and/or location of work, such as telework, flextime (adjusted start/stop times, compressed schedule, shift swapping, summer hours) or less than full-time.
Critical success factors that enable a flexible workforce include manager effectiveness and employee accountability. We provide training for our people managers to reinforce their role in enabling workplace flexibility and provide tools and resources for employees and managers to navigate flexible arrangements.
While the approaches to flexibility could vary based on job responsibilities, the overriding philosophy remains the same everywhere – to support flexibility and our employees’ needs to successfully manage their work and personal lives.
Baxter Employee Disaster Relief Program
The Baxter Employee Disaster Relief Fund was created to help employees who are facing financial hardship from property damage following a natural disaster. The fund relies primarily on individual donations from Baxter colleagues. Baxter International Foundation provided seed funding and covers all administrative costs to allow 100% of employee donations to reach fellow colleagues.
Baxter and its employees support communities worldwide through financial contributions, product donations, healthcare access initiatives, and employee volunteerism.
Matching Gift Program
Baxter employees are involved in their communities in many meaningful ways. In addition to giving their time through volunteering, many employees also choose to donate to causes that are important to them. The Foundation’s Matching Gift Program recognizes employee contributions to charitable organizations by matching an employee’s donation of $25 or more, up to $5,000, to nonprofit, tax-exempt U.S. organizations.
In support of the company’s commitment to education, the Baxter International Foundation Scholarship Program provides scholarships for post–high school education for children of Baxter employees around the globe. Awards are in support of undergraduate study and are presented on a merit basis. A neutral, third-party agency evaluates applications on the basis of the students’ academic, extracurricular, and employment accomplishments.
Dollars for Doers Program
Baxter International Foundation values every hour employees volunteer. Through the Dollars for Doers (DFD) Program, employees can convert time volunteered into grants for their favorite U.S charitable organizations. Ten hours of volunteering can equal $100 for an eligible charity.