Please note this page is translated in Dutch and English.
Health & well-being
Short term disability
If an employee is prevented from performing their work due to occupational disability, Medtronic pays the full salary during the first year of sickness. In the second year of sickness, the disability benefit is supplemented to 70% of last salary paid.
Long term disability
WIA excess insurance
Medtronic provides a WIA insurance for employees with a base salary higher than the maximum year salary. The premium for this insurance is paid by Medtronic.
Accident insurance
All employees are covered by a group accident insurance. In case of death, the next of kin receives a payment of one time annual salary of the employee and in case of permanent (and complete) disability, the employee will receive a maximum benefit of two times the annual salary. In case of partial disability, the employee receives a proportional payment. The premium for this insurance paid in full by Medtronic.
Life Insurance
In the event of death of an employee, the surviving relatives will receive a lump sum payment.
ANW gap insurance
Medtronic offers married or co-habiting employees the opportunity to voluntarily join ANW gap insurance. The cost of this insurance is employee paid.
Medical insurance
Medtronic employees in the Netherlands can avail of discounted rates on supplemental and dental insurance.
Vacation leave
Employees are entitled to 28 vacation days per year. Employees have the option to buy & sell vacation leave. Employees are also awarded extra vacation days due to seniority/age.
Gym
Medtronic employees can avail of a discount on subscription costs to selected sports clubs
Global well-being program
SimpleSteps
The collective efforts of our employees around the world make it possible to achieve our Mission. It’s those efforts that are reflected in Tenet 5 and rewarded through a complete package of benefits to help you build your financial, physical, and emotional well-being. We are committed to supporting the well-being of our employees by reinventing the concept of well-being and embedding it into the fabric of Medtronic. SimpleSteps offers a broad, enhanced portfolio of resources and support to help improve your well-being, wherever you are in the world.
Pension & savings
Pension
The Medtronic retirement plan is a defined contribution scheme whereby all contributions are paid into the employees personal pension account and accumulate with investment until retirement.
Generation pact
This benefit allows eligible employees to work 80%, receive 90% salary and 100% pension accrual (based on the contract hours prior to joining the benefit). Employees who are no more than four years before their state pension age may be eligible to participate.
Employee Stock Purchase Plan
As a Medtronic employee you can avail of the Employee Stock Purchase Plan (ESPP), where you can purchase Medtronic stock each calendar quarter at a discounted rate. It is an opportunity to share in the success of Medtronic.
Additional benefits
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.
Bike plan
Employees can purchase a bicycle and accessories at a discount and with a possible tax advantage.
Allowances
- Holiday Allowance – 8% of annual salary paid out with May salary.
- Travel Allowance – allowance towards travel between home and work location.
- Car Allowance – Jobs needs basis or perquisite basis.
- Reimbursement for Public Transport.
Private lease
Medtronic partners with a vendor to offer a private lease benefit in which:
- Employees pay a fixed monthly charge to cover private use of the car.
- Employees taxable income is not raised to account for private use of the car.
- Employees do not need to pay the usual costs associated with car ownership, such as road tax, maintenance, repairs and insurance.
Trade union fee
Medtronic offers employees the opportunity to pay the fees for membership of a trade union from the gross salary, within the limits of tax legislation.
Collective insurance
Medtronic employees can avail of discounts with selected insurers on the following
- 10% on car insurance.
- 8% on home insurance.
- 8% on liability insurance.
Operations incentive plan
In addition to your base salary, regular employees are eligible for a short-term incentive plan. Short-time incentives are based on role and targets vary by job level. Payouts vary based on Medtronic, team and individual performance and achievement of specific objectives. You will receive details about eligible incentives from your Talent Acquisition Partner.
