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Company Narrative
Medtronic, a medical device company, has been ranked as a TRAILBLAZER on the Women’s Power and Influence Index.
As a trailblazer, Medtronic has a clear pay equity policy with an annual review process that ensures its continued pay parity among its employees. Another achievement is Medtronic’s program Society of Women Engineers which mentors and encourages up-and-coming women engineers. In addition, Medtronic has paid parental leave for all new parents.
As of 2022, women make up approximately 46% of Medtronic’s workforce and hold approximately 36% of Medtronic’s leadership positions.
Sufficient information on Medtronic’s subsidized childcare could not be found.
Workforce Profile
Equitable Pay
✓ Does the company demonstrate a clear and transparent commitment to equal pay?
“At Medtronic, we have achieved 100% gender and ethnically diverse pay equity in the U.S. and 99% gender pay equity globally.”
Ref: Medtronic Diversity & Equity Leader
✓ Does the company perform an annual analysis of gender pay equity and pay disparities?
“We conduct an annual pay equity analysis in the United States and adjust to close gaps not based on jobrelated factors. Since FY19, we have also completed country-level gender pay equality analyses in Mexico, the Dominican Republic, China, Ireland, Germany, Italy, and the Netherlands. Essential elements of our analyses include job responsibilities and competitive labor market benchmarks. We also complete pay gap analyses where required by law, including in the U.K. and France.”
Ref: Pg. 54, Medtronic 2021 Integrated Performance Report
✓ Do female employees earn at least 95% of what their male counterparts earn?
[1] “In the United States, we achieved 100% pay equity for gender and 100% pay equity for ethnically diverse employees. Globally, we achieved 99% pay equity for gender.”
[2] “In 2020, we reached 100% gender pay equity in the United States and several other countries — and 99% gender pay equity globally. We won’t stop until we’re at 100% everywhere.”
[1] Ref: Pg. 54, Medtronic 2021 Integrated Performance Report
Career Growth
✓ Does the company demonstrate a commitment to actively attracting, retaining, and/or promoting women within the organization?
[1] “Medtronic is committed to a powerfully inclusive and diverse culture – especially in male-dominated fields. In 2018, women represented 54 percent of the company’s new hires around the world. Among its global leaders, 37 percent are women. Medtronic supports Employee Resource Groups, which strengthen ties between employees and many of the different backgrounds and interests within the company.”
[2] “Our efforts include ensuring that women are equally represented within our heavily science-based organization and working to level the playing field for women in science beyond our walls.”
[1] Ref: Medtronic WOMEN IN I.T. PROVIDING DIVERSITY, LOOKING TO THE FUTURE Web Page
[2] Ref: Medtronic Advancing Women in STEM Web Page 2023
✓ Does the company provide professional development programs designed specifically for female employees?
“Medtronic Women’s Network (MWN) is our largest Diversity Network, with 19,000-plus members and 120-plus hubs around the world. MWN offers employees a full suite of professional development, networking, and mentoring programs. Since 2015, the network has seen a 585% increase in membership, including the addition of many male allies…Born out of MWN, our Women in Science and Engineering (WISE) initiative focuses on advancing women in engineering and science roles. From building career development toolkits to getting involved with local STEM communities, WISE works to foster an inclusive work environment for women in a field that continues to be predominantly male.
Through outreach programs, WISE helps young women overcome career hurdles such as a lack of role models or biased gatekeepers. Events at middle schools and high schools also give rise to new, creative opportunities to show young women of color what a STEM career could look like.”
Ref: Medtronic Advancing Women in STEM Web Page 2023
✓ Does the company provide professional development programs designed specifically for diverse employees?
“To help create zero barriers to advancement, Medtronic supports underrepresented employees through differentiated development — an approach that brings together opportunities for professional development, mentorship, and sponsorship. Through this integrated approach, we do not offer a cookiecutter approach to development, but rather provide support based on the individual needs to enable equitable opportunity.”
Ref: Pg. 25, Medtronic Zero Barriers- Shaping Outcomes Global Inclusion, Diversity & Equity 2022 Annual Report
✓ Does the company offer a formal mentoring program to support the career advancement of all female employees?
“Medtronic Women’s Network (MWN) is our largest Diversity Network, with 19,000-plus members and 120-plus hubs around the world. MWN offers employees a full suite of professional development, networking, and mentoring programs.”
Ref: Medtronic Advancing Women in STEM Web Page 2023
✓ Does the company offer a formal mentoring program to support the career advancement of diverse employees?
“Leadership Inclusion from Mentorship Toward Sponsorship (LIFT). During this nine-month experience, employees partner with senior-level sponsors for coaching, take skill-building courses, and collaborate on a project that solved a real business challenge.”
Ref: Pg. 53, Medtronic-Integrated_Performance_Report-2021
✓ Does the company have policies and programs in place to actively recruit female candidates?
“Within Medtronic, we’re intentional about recruiting top women and ethnically diverse talent who are early in their careers and ensuring they have equitable access to opportunities for growth and advancement.
Our pipeline for early-career talent is multifaceted and includes:
• Diversity career fairs
• Thurgood Marshall College Fund (TMCF) internships
• Society of Hispanic Professional Engineers (SHPE) internships
• Women in Science and Engineering (WISE) internships
• Diversity Network and Employee Resource Group (ERG) recruitment and networking
• Local opportunities for students to learn about careers in science, technology, engineering, and mathematics (STEM) and receive mentorship”
“To bring more women into engineering and scientific roles, we offer competitive college and high-school internships. In 2020, we hired our most diverse group of interns in the company’s history — globally, 61% were women. Many participants go on to become full-time employees, where new-hire programs help them grow and connect to opportunities.”
Ref: Pg. 30, Medtronic Zero Barriers- Shaping Outcomes Global Inclusion, Diversity & Equity 2022 Annual Report
✓ Does the company have policies and programs in place to actively recruit diverse candidates?
“Within Medtronic, we’re intentional about recruiting top women and ethnically diverse talent who are early in their careers and ensuring they have equitable access to opportunities for growth and advancement.
Our pipeline for early-career talent is multifaceted and includes:
• Diversity career fairs
• Thurgood Marshall College Fund (TMCF) internships
• Society of Hispanic Professional Engineers (SHPE) internships
• Women in Science and Engineering (WISE) internships
• Diversity Network and Employee Resource Group (ERG) recruitment and networking
• Local opportunities for students to learn about careers in science, technology, engineering, and mathematics (STEM) and receive mentorship”
Ref: Pg. 30, Medtronic Zero Barriers- Shaping Outcomes Global Inclusion, Diversity & Equity 2022 Annual Report
Work-Life Balance
✓ Does the company demonstrate a commitment to providing support and/or time off for women with children?
“What makes a company great? At Medtronic, we believe is starts with our people. That’s why we offer benefits that help employees — and those who matter most to them.Benefits vary based on where in the world employees live, but here’s a sampling of those we offer U.S. employees to take care of their whole selves, both in and outside of work:”
Ref: Medtronic 9 benefits Medtronic offers to support you and your loved ones Website
✓ Does the company provide child care support for employees?
“8. Backup care for loved ones
For as much as we spend scheduling our days, sometimes things just don’t go to plan. Bright Horizons Back-Up CareTM provides care for loved ones when there’s a lapse in normal care arrangements such as a school closing. This benefit gives employees access to a nationwide network of licensed childcare centers and in-home caregivers for infants, elderly family members, and everyone in between.”
Ref: Medtronic 9 benefits Medtronic offers to support you and your loved ones Website
✘ Does the company offer subsidized child care?
Information regarding this criterion was unavailable or incomplete.
✓Does the company offer paid maternity leave for birthing parents?
“1. Paid time off to focus on those who matter most
Families are important and, sometimes, they need our full attention. To support work/life flexibility and provide peace of mind, our global Family Care Leave makes it possible to step away from work without worrying about your income. Birthing mothers in the U.S. can take up to 24 weeks of paid time off and eligible employees can take up to six weeks away from work at 100% pay for a variety of family situations, including adoption, and family illness.”
Ref: Medtronic 9 benefits Medtronic offers to support you and your loved ones Website
✓ Does the company provide paid parental leave that extends beyond birthing parents to include surrogacy, adoption, and paternity leave?
“Last year, Medtronic enhanced its parental leave benefits for U.S. employees, including offering up to 24 weeks paid leave for birthing mothers. Non-birthing parents, like Gillenwater, who adopt or add a child through surrogacy can get up to 12 total weeks of paid leave.”
Ref: Medtronic Recipe for bonding paid leave gives new dad needed time Website
✓ Does the company demonstrate a commitment to supporting the health benefits of its female employees?
“Everyone should have access to family-building care. That’s why Medtronic partners with Kindbody, a fertility and wellness clinic with locations across the United States. Employees can receive three fertility cycles, including medication, in addition to nutrition and mental health support, 24/7 virtual care, and a dedicated Care Navigation Team.”
Ref: Medtronic Recipe for bonding paid leave gives new dad needed time Website
✓ Does the company offer women-specific health benefits for female employees?
“Everyone should have access to family-building care. That’s why Medtronic partners with Kindbody, a fertility and wellness clinic with locations across the United States. Employees can receive three fertility cycles, including medication, in addition to nutrition and mental health support, 24/7 virtual care, and a dedicated Care Navigation Team.”
Ref: Medtronic Recipe for bonding paid leave gives new dad needed time Website
Workplace Standards
✓ Does the company have a policy listing prohibited behaviors, such as harassment and retaliation?
“Medtronic does not tolerate forced labor within our organization or across our supply chain and is committed to a work environment that is free from human trafficking, slavery, unlawful child labor, and forced labor of any kind. Medtronic does not use or engage in any form of coerced, bonded, indentured, or forced prison labor.
All work is voluntary, and employees will be free to leave or terminate their employment without fear of physical, psychological, sexual, or verbal abuse. Medtronic prohibits the use of slavery and human trafficking in Medtronic facilities and by suppliers in our supply chain.”
Ref: Medtronic Commitment to Human Rights Website
✓ Does the company mandate all employees to undergo harassment and discrimination training?
“Employees are required to complete yearly training on Medtronic’s Code of Conduct, which references this policy.”
Ref: Pg. 2, Medtronic Global_Human_Rights_Labor_Standards_Policy 2016
✓ Does the company have a defined harassment policy that includes promptly addressing reported incidents?
“Medtronic will not use or engage in any form of coerced, bonded, indentured, or forced prison labor. All employees will be free to leave or terminate their employment without fear of physical, psychological, sexual, or verbal abuse… Any Medtronic employee that knowingly engages in any of these prohibited activities, or any management employee who is aware of these activities occurring and fails to report it, is subject to disciplinary action, up to and including termination of employment. Suspected violations of this policy may be reported to Medtronic Legal or, anonymously, to the Voice Your Concern line. Medtronic prohibits retaliation for reporting suspected violations of this policy.”
Ref: Pg. 2, Medtronic Global_Human_Rights_Labor_Standards_Policy 2016
Stakeholder Engagement
✓ Does the company demonstrate a commitment to helping external stakeholders address gender equality issues?
“A Medtronic engineer doing his part for equity
The SWE [, Society of Women Engineers,] organization also honored Borowick’s work to establish a partnership between Medtronic and the University of Minnesota’s College of Science and Engineering (CSE) that includes mentoring, events, and internships aimed at removing barriers and helping women thrive along the way. More than 350 students and employees have participated since it began seven years ago, and it continues to grow. This year an additional 150 will participate, including another 60 women from Medtronic with science and engineering backgrounds volunteering to be mentors for first-year women students.”
Ref: Medtronic Honored for Supporting Women Engineers 2021
✓ Does the company offer and support initiatives that promote gender equality in the community?
“Advancing equity in STEM
In addition to disaster response programming, the Medtronic Foundation is working to advance equity in science, technology, engineering, and math. To date, the Foundation has launched partnerships with leading equity-based STEM organizations serving students in California, Colorado, Ireland, Minnesota, and Puerto Rico.
Over the next two years, the Medtronic Foundation will invest over $7.5 million to expand access to 90,000 underserved and underrepresented students. Each partnership underscores the commitment to sustainable outcomes to address inequities and inspire change for the better.”
✓ Does the company demonstrate a commitment to helping internal stakeholders/employees address gender equality issues?
“Medtronic Women’s Network (MWN)
In 2022, the MWN set a goal to boost the representation, advocacy, and empowerment of women in new locations across the globe. As an advocate for companywide inclusion, MWN was instrumental in advocating for expanded health benefits, including a new global family care leave policy. It also launched MWN Influencers Group, which gives the opportunity for early- to mid-career women at Medtronic to bring their voices, experiences, and ideas to the Network’s leadership team.”
Ref: Pg. 18, Medtronic Zero Barriers- Shaping Outcomes Global Inclusion, Diversity & Equity 2022 Annual Report
✓ Does the company offer equity-focused trainings, speaker programs, or events for employees?
“Training managers to lead inclusively
Leaders play a significant role in creating an inclusive environment. Understanding that diversity without inclusion will fail to create the innovation required to fulfill our Mission, “fostering belonging” is one of the five core components of the Medtronic Mindset — the expectations of our culture. That’s why in April 2021, Medtronic delivered a customized training for our entire population of people leaders in the U.S. This intensive training gave insights on how to effectively mitigate biases and facilitate both performance and career development-based conversations with members of their teams.”
Ref: Pg. 20, Medtronic Zero Barriers- Shaping Outcomes Global Inclusion, Diversity & Equity 2022 Annual Report