Director, Global Compensation

Director, Global Compensation

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

The Director, Global Compensation is responsible for developing, implementing, and managing comprehensive compensation strategies and programs that support the organization's business objectives and talent needs worldwide. This role will lead the design and execution of global compensation frameworks, including base pay, short-term incentives (STI), sales compensation, and executive compensation. The Director will partner closely with the Head of Total Rewards, HRBP, business leaders, and external advisors to ensure competitive, equitable, and compliant practices across all regions. This position is an exciting opportunity to work with Medtronic's Diabetes business.

Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.

Key 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.

Minimum Qualifications

Preferred Qualifications

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

For Office Roles : While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive salary and flexible benefits package.

A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD) : $178,400.00 - $267,600.00 This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). This position is eligible for an annual long-term incentive plan. The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification / education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others). The following benefits and additional compensation are available to those regular employees who work 20+ hours per week : Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance / reimbursement, and Simple Steps (global well-being program). The following benefits and additional compensation are available to all regular employees : Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums). Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below : Medtronic benefits and compensation plans.

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission to alleviate pain, restore health, and extend life unites a global team of 95,000+ passionate people. We are engineers at heart putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

We change lives. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That's who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.

We build extraordinary solutions as one team. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.

This life-changing career is yours to engineer. By bringing your ambitious ideas, unique perspective and contributions, you will

These commitments set our team apart from the rest :