With that in mind, Baxter has true dedication to employee development. The Financial Development Program offers hands-on learning and experience, and Associates are encouraged to develop and customize their own set of business skills and tools to function in the corporation. In addition, Associates are expected to assume significant responsibility early in their career, leading to rapid growth and development of new skills. Associates attend monthly technical training sessions where they gain knowledge in areas such as JD Edwards, Hyperion, Mechanics of Cash Flow Statements, Economics of Hedging, Tax Strategies, Consolidations, etc. Associates are eligible for annual merit increases, as well as in-program promotions and bonuses.
All employees are eligible for annual, performance-based merit increases.
However, there are several other domestic locations such as in Glendale, California, and North Cove, North Carolina. One of the most unique aspects of the Financial Development Program is Baxter's commitment to expose its Associates to international business issues. In general, once the Associates submit the preferencing forms, the Program Manager assigns rotations based on Associate interests, developmental needs, business requirements, and seniority in the program. Baxter is truly a global company with more than half of its sales from markets outside the United States. Clearly, international expansion is a key part of Baxter's strategy and the Financial Development Program works to support and align itself with Baxter's overall strategy.