Director, Global Compensation at Medtronic

Northridge, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree with 10+ years of progressive compensation experience, including global program design and management, or an advanced degree with 8+ years of progressive compensation experience, including global program design and management
7+ years of management experience
Preferred: Master’s degree or relevant certification (e.g., CCP)
Preferred: Demonstrated expertise in short-term incentive, sales compensation, and executive compensation for public companies
Preferred: Strong analytical, project management, and problem-solving skills
Preferred: Excellent communication and stakeholder management abilities, with experience influencing senior leadership

Responsibilities

Lead the development, implementation, and governance of global compensation programs, ensuring alignment with business strategy and market best practices
Oversee the design, administration, and communication of short-term incentive (STI) plans, including eligibility, performance metrics, and payout processes
Develop and manage sales compensation programs in partnership with Finance that drive performance and support business growth, ensuring alignment with sales strategies and market competitiveness
Provide support for executive compensation programs, including base salary, annual and long-term incentives, and equity-based compensation (in partnership with the Equity Manager), ensuring compliance with regulatory requirements and alignment with shareholder interests
Provide expert consultation and guidance to HR business partners and senior leaders on compensation-related matters, including market analysis, job evaluation, and pay equity
Monitor global compensation trends, regulatory changes, and industry best practices to inform program design and ensure ongoing competitiveness and compliance
Lead the annual compensation review process, including salary planning, incentive calculations, and compensation-related communications
Collaborate with Finance, Legal, and external consultants to ensure effective governance, reporting, and compliance for all compensation programs
Analyze compensation data and prepare reports and presentations for senior leadership and the Board of Directors, as needed
Support global M&A activities and integration efforts from a compensation perspective
Manage and develop a high-performing compensation team

Skills

Compensation Strategy

Base Pay Design

Short-Term Incentives

STI Plans

Sales Compensation

Executive Compensation

Total Rewards

Performance Metrics

Global Compensation

HR Governance

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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