lack of upward promotion for minorities - Finance Department Medtronic Employee Review

2.0
Sep 10, 2012
Recommend
CEO approval
Business Outlook

Pros

Fantastic benefits like 401K company match, tuition assistance, paid holidays and vacations, work from home available in many departments, encourages employees to volunteer in the community, schlorships available for children of employees, excellent health benefits for example I paid around $200 per month for a family of 4 the only out of pocket costs I had were for $20 co-pays no co-insurance and no deductible, plan paid at 100% of medical costs when admitted to the hospital.

Cons

Promotion is based on who you know not what you know. Whenever they posted a new job position they already knew who they were planning to give the job to. It is just a formality that the job had to be posted for a specific number of days. They say that they want to retain talent; however there is a lack of promotion from within; instead they hire their friends from the outside, and promote their friends. For example, there was a woman who only had a bachelor's degree in biology, and no directly related work experience, yet she was hired in as a senior financial analyst. Then about every year or two she would be promoted. Whenever they wanted to promote someone who didn't meet the requirements, they would custom create the job position. For example, to be a Principle Financial Analyst you were to have at minimum 7 years of direct experience and a degree in a directly related field like finance or accounting; however they would change the requirement to 2 years and exclude the requirement for needing a related degree. These types of things occurred all the time! It significant decreased employee morale.

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5.0
Jun 19, 2026
Recommend
CEO approval
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Pros

Great Culture Patient Centered Ethical Inclusive Clinical Research Good Health Coverage and PTO Policy

Cons

Lower End Salary Shareholder Involvement and Pressure

3.0
Jun 24, 2026
Recommend
CEO approval
Business Outlook

Pros

Generous, old-school benefits. Almost twice the PTO as other places I've worked, excellent healthcare, 401K matching, etc. Many high-quality colleagues and a generally mellow, polite business culture.

Cons

Multiple competing bureaucracies, internal consultancies, a computer-illiterate 'stakeholder' class with permission to disrupt anything, and perverse incentives driving waste.

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