57 2021 ESG Report Appendices Transparency Responsible supply chain Product impact Climate change Introduction Healthy workforce and communities Compensation, benefits and well-being We are committed to rewarding, supporting and developing the associates who make it possible to deliver on our strategy. To that end, we offer a comprehensive Total Rewards program aimed at supporting the varying needs of our diverse and global associates. The components of our Total Rewards program are designed to work together to provide competitive compensation grounded in pay for performance, protecting overall associate well-being and helping BD to attract and retain high-quality talent. Our Total Rewards (which varies by country) can include market-competitive pay, broad-based stock grants and bonuses, healthcare benefits, pension and retirement savings plans, paid time off and family leave, employee assistance programs, flexible work schedules, and well-being education and resources focused on physical, emotional, financial and social well-being. Each year, we review and implement program enhancements and investments that are intended to ensure that our benefits are inclusive and representative of the needs of BD associates and their families. Additionally, over the last few years, in the U.S., we have increased efforts to mitigate the impact of rising healthcare costs and to offer more affordable benefit options, with a specific focus on affordability for BD associates earning $50,000 per year or less. The post-pandemic world demands a new approach to how and where we work. There is a demand for greater flexibility and a need to reimagine the purpose of the office—from being the location of the workplace to serving a purpose of collaboration, connection with team members, mentorship and enabling associates to solve complex problems together. How we work is an important enabler of our culture, and it is a competitive advantage that allows us to attract and retain the best talent while also driving company performance. Our multiyear strategy and ambition is to have a highly collaborative, engaged workforce whose culture is defined by empowerment, trust and flexibility, and where rewards are based on outcomes and value, not on proximity or location. Good Jobs Strategy Our Good Jobs Strategy provides a framework that puts our manufacturing associates at the center of BD’s culture to drive performance and deliver on our Purpose of advancing the world of health ™. We are committed to offering attractive careers by: • Cr eating a safe work environment that provides high job attractiveness and a strong culture aligned to THE BD WAY; • Ensuring associat es experience job satisfaction and a sense of belonging; and • Pr oviding competitive healthcare and compensation, as well as training and development opportunities. Our journey started in 2019 with the launch of a Good Jobs Strategy assessment tool. On an annual basis, each site conducts an assessment that evaluates effectiveness in five key areas: workplace safety and harassment free environment; fair wages and benefits; working conditions; managerial effectiveness; and associate engagement and career progression. As a result of the annual assessment, site action plans are put into place to continue to make progress on our Good Jobs Strategy. Since beginning the journey, we have improved working conditions by investing in facility upgrades globally, by improving work patterns, such as reducing mandatory overtime in the U.S.; and by investing in manager-effectiveness training. In addition, we have made significant investments in wage increases globally and introduced a no-cost and low-cost benefit plan for U.S. associates earning less than $50,000. Finally, we have added focus to our talent acquisition process through enhancing the candidate’s experience during the hiring process and changing our talent-acquisition partner in the U.S. These are just a few examples of the progress we have made since we launched the Good Jobs Strategy. Over the coming years, we will continue to advance the foundational pillars to drive associate satisfaction and attract talent in an evolving talent market. To facilitate sustainability and ongoing sustainability, we have integrated our Good Jobs Strategy assessment tool into the BD Production System .