Thread regarding Medtronic Inc. layoffs

Performance reviews being this week

Maybe we find out what our piece of the fund and raise will be, this is only hear say I have not gotten a invite from me Manager.
Anyone else hear any thing about this topic?

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| 2161 views | | 13 replies (last June 28, 2023) | Reply
Post ID: @OP+1njO7xrM

13 replies (most recent on top)

45% MIP in CRDN

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Post ID: @2hzx+1njO7xrM

Exceeds do happen. As a manager I gave them frequently and have received them. The thing to keep in mind is “Achieve” is what is expected of all. To receive an “exceed” it needs to be demonstrated that you have exceeded not only your goals, but exceeded compared to others in your VPs group. Not just the highest performer on your direct manager’s team.

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Post ID: @2epe+1njO7xrM

To answer the previous question: Exceed is ~10%.

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Post ID: @2zja+1njO7xrM

57,6% corporate functions

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Post ID: @2esf+1njO7xrM

Anyone hear what the corp plan MIP will be?

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Post ID: @2gjq+1njO7xrM

CST MIP = 45%. Most get 2% raise.

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Post ID: @2hag+1njO7xrM

How rare is an exceeds overall rating? Part of me wonders if it's even possible.

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Post ID: @2kns+1njO7xrM

MIP = 0%
SIP = 50-60% of what your MIP would have been
Likelihood of MDT facing lawsuits = 100%

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Post ID: @2zwj+1njO7xrM

55% bonus in PVH.
Merit will vary between 2-7% depending on rating. Achieve/Achieve is an automatic 2%. An Exceed/Achieve is 3-5% and Exceed/Exceed is 5-7%

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Post ID: @1ind+1njO7xrM

Nothing yet but SH&A got a last minute update meeting for tomorrow morning. So we will see

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Post ID: @1ptr+1njO7xrM

2-3 % merit increase translates to adios Medtronic.

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Post ID: @1wmr+1njO7xrM

Pretty sure the good ol 2% merit holds true...

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Post ID: @jyf+1njO7xrM

Hearing 60-70% MIP across the board. Might be more for some OUs like Diabetes

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Post ID: @nqc+1njO7xrM

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