Health & well-being
Group medical insurance
Medtronic Group Medical insurance provides comprehensive medical coverage for employees. Employees can also voluntary enrolled their dependents with the same benefit coverage.
Group life insurance
Medtronic Group Term Life (GTL) provides a lump sum payment to employee’s beneficiaries in the event of Death and Total Permanent Disability. The lump sum amount is 36 times basic monthly salary.
Group personal accident insurance
Medtronic Group Personal Accident provides financial coverage against unforeseen events of Accidental Death, Total Permanent Disablement & Dismemberment, Burns and Fractured Bones.
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
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 and leaves
Medtronic recognizes the importance of work/life balance and has a program to support working and living well. Tke time to relax, recover, care for family and more. Below are the leaves available per calendar year for all full time regular employees:
| Leave Benefit | Years of Service | Years of Service |
| Annual Leave All Job Levels except 55 and above | 1st year (till anniversary date) 2nd to 3rd year 4th year 5th year onwards | 17 days 18 days 19 days 20 days |
| Annual Leave Job Level 55 and above | 1st year onwards | 20 days |
| Outpatient Leave | 14 days | |
| Hospitalization Leave | 60 days | |
| Maternity leave | 16 weeks for Singaporean child 12 weeks non Singaporean child | |
| Paternity Leave | 4 weeks | |
| Birthday Leave | 1 day on the day of the employee’s birthday | |
| Childcare Leave | 6 days for Singaporean children below 7 years old 3 days for non-Singaporean children below 7 years old | |
| Marriage Leave | 5 days | |
| Family Care Leave | 6 weeks | |
| Exam Leave | 5 days |
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. Employess will receive details about eligible incentives from your Talent Acquisition Partner.
