This report analyzes and compares BAXTER INTERNATIONAL's employee health insurance and employee benefits with its industry and in Illinois State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
BAXTER INTERNATIONAL has remarkable career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the BAXTER INTERNATIONAL. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BAXTER INTERNATIONAL continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that BAXTER INTERNATIONAL uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: BAXTER INTERNATIONAL believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows BAXTER INTERNATIONAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: BAXTER INTERNATIONAL does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BAXTER INTERNATIONAL is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, BAXTER INTERNATIONAL ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why BAXTER INTERNATIONAL offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: BAXTER INTERNATIONAL knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to BAXTER INTERNATIONAL.
- TUITION REIMBURSEMENT: BAXTER INTERNATIONAL has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | BAXTER INTERNATIONAL | Industry | Illinois |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
BAXTER INTERNATIONAL has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: BAXTER INTERNATIONAL is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why BAXTER INTERNATIONAL implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: BAXTER INTERNATIONAL cares about its team members' dental health so it offers an excellent dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: BAXTER INTERNATIONAL offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, BAXTER INTERNATIONAL offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, BAXTER INTERNATIONAL offers a solid healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: BAXTER INTERNATIONAL has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BAXTER INTERNATIONAL does not offer telehealth.
- VISION PLAN: BAXTER INTERNATIONAL offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | BAXTER INTERNATIONAL | Industry | Illinois |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
Team members enjoy good financial benefits at BAXTER INTERNATIONAL. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. BAXTER INTERNATIONAL offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect BAXTER INTERNATIONAL to partially cover the expenses.
- 401(K) PLAN: BAXTER INTERNATIONAL has a superb 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. BAXTER INTERNATIONAL provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superb BAXTER INTERNATIONAL has Matching program that matches 75% of employees' contributions. Whatever BAXTER INTERNATIONAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave BAXTER INTERNATIONAL. Recognizing that every team member is unique, with specific needs and goals, BAXTER INTERNATIONAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: BAXTER INTERNATIONAL does not offer adoption assistance reimbursement.
- BONUS PAY: BAXTER INTERNATIONAL offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for BAXTER INTERNATIONAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: BAXTER INTERNATIONAL offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: BAXTER INTERNATIONAL has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: BAXTER INTERNATIONAL offers an outstanding daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: BAXTER INTERNATIONAL offers a first-class short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: BAXTER INTERNATIONAL offers a valuable life insurance policy to its team members for an affordable price. BAXTER INTERNATIONAL participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: BAXTER INTERNATIONAL realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BAXTER INTERNATIONAL has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BAXTER INTERNATIONAL does not offer paid volunteer time off.
- PARENTAL LEAVE: BAXTER INTERNATIONAL has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BAXTER INTERNATIONAL | Industry | Illinois |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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