Careers at Medtronic

Benefits & Total Rewards

Medtronic employees work together with a passion toward fulfilling the Medtronic Mission of alleviating pain, restoring health, and extending life. Our Mission also directs us to “recognize the personal worth of employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and a means to share in the company’s success.” As a reflection of this commitment, Medtronic has developed a concept of Total Well-Being.

Total Well-Being is a framework of resources impacting employees’ mind, body, heart, and spirit. These resources are designed to support the growth of each employee, which allows them to focus on the customer and be more fully present both at work and in their personal lives.

Financial Rewards & Security

Performance Based Pay
Medtronic uses a market-based pay approach to establish competitive base pay levels. This approach links Medtronic directly to the external labor market, which allows us to respond to changing labor market conditions. The market value of jobs in relevant labor markets determines the overall pay parameters; an individual's actual base pay is determined by their responsibilities, performance, and ongoing development.

Medtronic Incentive Program
The Medtronic Incentive Program is designed to motivate employees to achieve the Company's operating goals by providing the opportunity for incentive compensation in addition to base pay. Participants have the opportunity to earn above market compensation when actual corporate, sector, geographic and/or business specific financial performance exceeds objectives.

Recognition Programs
Medtronic uses a broad array of recognition programs to acknowledge and reward exemplary individual or team performance. These programs are designed to encourage continued creativity and superior performance and to retain high performing employees. Rewards may include cash, stock options, gift certificates, and other forms of recognition. All employees are eligible.

Employees Stock Purchase Plan
Employees can contribute up to 10% of their eligible after tax income through payroll deductions to purchase Medtronic stock at 85% of the lower market value at either the beginning or end of the plan year.

Retirement Plans

Medtronic provides retirement benefits for eligible employees, in addition to stock ownership opportunities.  These include a retirement plan, a 401(k) plan with a company match, and financial education and planning tools.

Additional Employee Resources

In addition to the competitive benefits package that includes vacation, holidays, medical and dental insurance coverage, life insurance, and short- and long-term disability coverage, we offer a number of programs to meet the evolving needs of our employees:

Health and Wellness

Medtronic values the enhanced health and wellness of our employees and their families. Resources are available to help each individual maximize their overall well-being. There is an emphasis on consumer-driven health care and prevention of illness and injury.

• Medical and dental coverage for family members, including domestic partners
• Disability protection
• On-site fitness centers
• Customized wellness programs
• Massage therapy programs
• On-site wellness screening and health risk assessments
• Action teams (fitness, sports and other interests)

Individual and Family Well-Being

Personal growth and community involvement are emphasized at Medtronic. In addition, Medtronic provides resources for employees' personal and family concerns to meet needs such as developing healthy relationships at work, achieving work and home balance or locating community resources.

• Medtronic Employee Assistance Program
• Childcare referral
• Elder care assistance
• Flexible work schedules
• Long Term Care Insurance
• Scholarships for children of Medtronic employees
• Tuition reimbursement
• Adoption assistance benefits
• Rooms designated for nursing mothers
• Sick childcare options
• On-site childcare center at World Headquarters