Benefits

Employees have the opportunity to choose the healthcare benefits that best meet their needs. Baxter pays a majority of the costs for this coverage. If elected, medical and dental coverage begin immediately upon hire.

Medical Coverage is available for employees and eligible family members. Employees can choose from a variety of medical plan options, balancing cost and features that best meet their needs.

Dental Coverage is offered separately from medical coverage, so employees may elect one without electing the other. Employees have a choice of dental plan options and coverage is also available for eligible family members.

Additional Employee Health and Well-Being Benefits are offered to employees and their families. Through the company’s global health and wellness program called BeWell@Baxter, employees have access to resources to help them focus on staying well through education and prevention, taking action to make healthy changes and dealing with chronic or acute conditions.

Baxter provides Basic Life Insurance, Short-Term Disability and Business Travel Accident insurance at no cost to employees immediately upon hire.

In addition, employees can also purchase the following protection at group rates:

• Supplemental Life Insurance
• Personal Accident Insurance
• Long-Term Disability

Through an employee stock purchase plan (ESPP), Baxter employees have the opportunity to share in the growth the company generates for shareholders. The ESPP allows Baxter employees to purchase Baxter common stock each month through convenient payroll deductions with no brokerage fees.

Baxter offers a flexible pension plan that gives you a variety of choice in how you build financial security for your future. The pension program consists of two components: Compulsory Basic Defined Contribution Plan provides Baxter contribution of 3% of your Pensionable Earnings to an account in your name. The Optional Defined Contribution Plan gives you the opportunity to make a pre-tax contributions from 1-8% of your Pensionable Earnings and Baxter will make a 50% matching contribution to a maximum of 4% of your Pensionable Earnings (subject to tax deductible contribution room limits).

Employees can choose from a variety of investment funds and immediately vest (gain 100 percent ownership rights) in Baxter’s matching contributions.

Baxter’s educational assistance program invests in employee growth and professional development by providing tuition reimbursement for undergraduate courses at accredited institutions.

Paid holidays and vacation schedules vary by location, but generally include both standard holidays and company-designated days. In addition, Baxter offers paid vacation based on length of service.

Other time-away programs include civic duty (jury and witness) leave, bereavement/funeral leave.

Unless otherwise noted, the benefits described above are available to regular Baxter employees in Canada who are scheduled to work 20 hours or more per week.

This information briefly describes Baxter’s employee benefits and is based on official plan documents that may include policies, contracts, and plan and trust agreements. If there are any discrepancies between this information and the official documents, the official documents will govern.

Baxter provides various options and resources to employees and managers to support a healthy work and personal life.
Baxter collaborates with various external organizations to develop and facilitate our program offerings. While some of the work/life programs and resources listed below are available globally, all are available in Canada:

• Job protected unpaid leave of absence – e.g. Family Care Giver Leave, Personal Emergency Leave, Compassionate Care Family Medical Leave, Critically Ill Child Care Leave, etc.
• Adoption and Parental Leave of Absence.
• Five continuous days, with pay, at the time of adopting a child.
• Flex benefits with Health Care Spending Account for all options.
• Educational assistance.
• Employee assistance and counseling programs.
• Lactation room – Quiet Room.
• Resources for referrals to local service providers for family, financial, and work issues.
• Webinars on topics such as stress management and parenting (in English but offered worldwide).
• Workplace Flexibility.

Workplace Flexibility
At Baxter we aspire to have a culture of workplace flexibility. We appreciate the increasing demands on employees to manage their work and personal lives and respect the need for different approaches to where and when work gets done.
While the options for flexibility at Baxter could vary by location or due to job responsibilities, our overriding philosophy remains the same everywhere: to support flexibility and our employees’ needs to successfully manage their work and personal lives.