There are newer employer reviews for Medtronic

1 person found this helpful

Great Brand, Great People and Could be Even Better With Slight Changes"

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Sales Representative
Current Employee - Sales Representative

I have been working at Medtronic full-time (more than 8 years)

Pros

-Excellent Company Name Recognition
-Products help people live better lives
-Employees are world class
-Wide Spectrum of products
-Great Benefits
-Autonomy to do what you were hired to do

Cons

-Regular Regime Changes among Executives
-Regular downsizing/uncertainty
-Inefficiencies that never get fixed and would be easy to fix
-Product portfolio and marketing as well as strategies do not allow various divisions to be competitive
-Limited loyalty and reward for achieving targets and over performing

Advice to ManagementAdvice

-Hold customers to contracts instead of taking a company loss
-Price more competitively to increase revenue based on customer perceived value and product life cycle vs competition
-Become more strategic vs reactive
-Truly integrate pricing/finance strategy to leverage multiline deals. Customers soon realize that just like in a store that you are spending more money to get something you did not want in the first place and not get a great discount for it. Deals should be a package that is attractive.
-Change customer perception of chaos and instability

Recommends
Neutral Outlook
No opinion of CEO
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  1. 1 person found this helpful

    Overall it is a good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Medtronic

    Pros

    Work life balance is strong

    Cons

    Career advancement is slow moving with few opportunities

  2. Good Company facing downside of globalization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Project Engineer in Brooklyn Park, MN
    Former Employee - Senior Project Engineer in Brooklyn Park, MN

    I worked at Medtronic full-time (more than 5 years)

    Pros

    Good Salary. Mid Level Management team is professional, have good attitudes, and treat employees fairly.

    Cons

    Reductions in Force every year even when profit margins are acceptable. Company is prioritizing growth in emerging markets and not investing in products for US markets. i.e. reverse innovation.

    Advice to ManagementAdvice

    Don't tell employees you are reinvesting in a business then pull all funding for every R&D project within two years while purchasing two companies in China that do the same work.

    Recommends
    Negative Outlook
    Disapproves of CEO
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