Thread regarding Medtronic Inc. layoffs

Salary Bands US Positions

Take a gander at us jobs posted on our external website.... Looks like salary Bands are posted for essentially all of them

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| 2631 views | | 11 replies (last June 16, 2023) | Reply
Post ID: @OP+1n7vOpfA

11 replies (most recent on top)

Bands run 80-120% of market value (MV). The low end of the salary range is considered 80% and top end is 120%. Typically new hires are brought in around the 85-90% of MV. Those with 110% of MV are generally looking at promotions and thus move to a new band. Those under 80% typically receive a special adjustment to bring above 80%. HR also does equity audits.

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Post ID: @2ppy+1n7vOpfA

Better not knowing your pay band percentage. You’ll be looking for another job afterwards.

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Post ID: @2pzi+1n7vOpfA

Ask your manager, they have access through workday to tell you exactly where you fall compared to the median of your role.

If you don’t feel comfortable talking with your manager and would rather get worked up looking at inaccurate 3rd party websites…have fun.

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Post ID: @2ocm+1n7vOpfA

I noticed this recently too! I also noticed that GlassDoor got updated recently, and it looks like the average base salaries for all jobs appears to be lower than it was previously on GlassDoor.

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Post ID: @yoe+1n7vOpfA

It won’t be normally distributed. Right skew.

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Post ID: @khw+1n7vOpfA

Really 80%? You would think it is a normal distribution centered on the mean of the band.

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Post ID: @ooq+1n7vOpfA

I was told they hire at around 80% of the salary band in early 2022.

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Post ID: @qze+1n7vOpfA

Nobody said they hire at the top. It is informational only.

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Post ID: @kgp+1n7vOpfA

And?… Doesn’t mean they hire at the top end of the band.

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Post ID: @npl+1n7vOpfA

Google medtronic careers and click through.... Literally the external job postings listed.

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Post ID: @lcy+1n7vOpfA

Where?

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Post ID: @tlh+1n7vOpfA

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