Please note this page is translated in Spanish and English.
Health & Wellbeing
Life Assurance
Life insurance will provide you and your family with financial support in the event of your death or total, permanent disability. All regular employees with a permanent work location in Colombia are eligible for this benefit. Interns and employees with a temporary contract are not eligible. The cost of the benefit is covered 100% by company.
Medical Insurance
Medical insurance provides coverage for health care that is cost effective for you and your family. All regular, temporary and expatriate employees with a work location in Colombia are eligible for this benefit. Interns and employees with a temporary contract are not eligible. You may cover your spouse and up to 3 eligible children, up to the age of 25, under your plan. This is divided in 80% covered by the company and 20% covered by the employee.
Dental Insurance
Shared Services Center only
Dental insurance provides a comprehensive plan with a broad network of nationwide affiliated clinics and providers. All regular employees with a permanent work location in Medtronic Colombia Shared Services Americas S.A.S. organization are eligible for this benefit. Interns and employees with a temporary contract are not eligible. A spouse/domestic partner and children under the age of 25 can be covered. The cost of the benefit is covered 100% by the employee.
Commercial only
Dental insurance provides coverage for oral health care that is cost effective for you and your beneficiaries. All regular employees with a permanent work location in the Colombia Commercial organization (Medtronic Colombia S.A.) are eligible for this benefit. Interns and employees with a temporary contract are not eligible. Up to 3 eligible dependants may also be covered regardless of the degree of consanguinity or affinity.
Funeral Insurance
You can select coverage for yourself or other beneficiaries to provide protection from the expenses related to a death. Covered expenses include funeral services, cremation or burial, and repatriation of any remains. Coverage also includes a life insurance benefit. All regular employees with a permanent work location in Colombia are eligible for this benefit. Interns and employees with a temporary contract are not eligible.
You may add coverage for up to nine beneficiaries for the same cost, including:
- Spouse or permanent partner with no age limit.
- Child(ren) from 6 months up to 65 years of age and step-children.
- Parents and in-laws, grandparents and siblings.
- Aunts, uncles, nieces, nephews, grandchildren and others.
An additional tenth beneficiary may be included for an additional cost. To add this additional beneficiary please contact the provider directly.
Gym
The employee will have unlimited entry to Smart Fit locations in Colombia and Latin America supporting your physical activity and good health. Benefit applies for all regular employees with a permanent work location in Colombia are eligible for this benefit. Interns and employees with a temporary contract are not eligible. This benefit is only for the employee and is not extended to dependants. Benefits provided by Smart Fit under the Corporate VIP Black plan and Medtronic pays 80% and employee pay 20% of the cost.
Time-off & Leaves
Medtronic recognizes the importance of work/life balance and has programs to support working and living well. Take time to relax, recover, care for family, and more. There are 15 days available for vacations per worked year and 1 family day per semester. In addition to the local legal requirements, Medtronic offers:
- Birthday: Grant the employee a paid leave day for his birthday.
- Marriage leave: Grant the employee a few days of paid rest in the new stage of family consolidation.
- Extended maternity: Provide the employee with a work-life balance after the birth or adoption of a child.
- Sick leave coverage: Grant the employee a 100% of the payment salary during the sick leave status from 3 days until 180 days
Pension & Savings
Employee Fund
Employee can save from 2%+ of your salary in the employee fund. Employee will also have information available about free investment credits, home buying, portfolio buying, vehicle buying and more. All regular employees with a permanent work location in Colombia are eligible for this benefit. Interns and employees with a temporary contract are not eligible. Employee can select a standard monthly savings from 2% to 10% of your salary and will be able to add an additional voluntary savings percentage. It’s possible to modify the maximum savings percentage twice a year. The employee fund is able to offer credits for free investment, home purchase, education, portfolio purchase, and vehicle purchase, among others.
Employee Stock Purchase Plan
With the Employee Stock Purchase (ESPP), you can purchase Medtronic stock each calendar quarter at a discount. You can contribute 2% to 10% of your eligible earnings. You can purchase Medtronic common stock at a 15% employee-only discount through the ESPP. The ESPP is another way to build your financial well-being and share in the success of the company.
Additional Benefits
Pet Insurance
Shared Services Centre Only
Pet medical insurance provides veterinary care for your dogs and cats. All regular employees with a permanent work location in Medtronic Colombia Shared Services Americas S.A.S. organization are eligible for this benefit. Interns and employees with a temporary contract are not eligible. The cost of the benefit is covered 100% by the employee.
Car Insurance
Commercial Only
Employee have the opportunity to purchase an insurance policy for your vehicle at a special rate. Benefit applies for all regular employees with a permanent work location in the Colombia Commercial and SSC organization (Medtronic Colombia S.A. & Medtronic Colombia Shared Services Americas S.A.S.) are eligible. Interns and employees with a temporary contract are not eligible.