Medtronic Among America's Best Companies for Workplace Fairness

Rhea-AI Summary

Medtronic has secured the No. 2 spot on Fair360's 2024 Top 50 Companies for Workplace Fairness for the second consecutive year, marking its third year in the top 10. This recognition highlights Medtronic's commitment to inclusion, diversity, and equity (ID&E) in the workplace.

Key initiatives like the Medtronic Advancement Pathways & Skill-building (MAPS) program, which offers 100% tuition coverage for eligible employees, underscore this commitment. Notably, Candi Sneed, a beneficiary of MAPS, has successfully graduated with a degree in Electrical Engineering and now serves as a senior analyst.

Medtronic's leadership emphasizes that diverse perspectives are important for innovation and competitiveness. The Fair360 survey evaluates companies on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.

The announcement was made during the annual Fair360 Top 50 event held on May 13, 2024.

Positive

• Medtronic ranked No. 2 on Fair360's 2024 Top 50 Companies for Workplace Fairness.
• Recognition highlights Medtronic's commitment to inclusion, diversity, and equity (ID&E).
• Third consecutive year in the Top 10 on Fair360’s list.
• Medtronic’s MAPS program offers 100% tuition coverage for eligible employees.
• Employee success stories, like Candi Sneed’s graduation, demonstrate program impact.
• Leadership emphasizes that diverse perspectives boost innovation and competitiveness.
• Fair360 evaluates companies on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.
• 160 companies and over 7 million employees participated in the Fair360 survey.

Negative

• Potentially high costs associated with providing 100% tuition coverage via the MAPS program.
• The company's continued emphasis on ID&E might not directly correlate with immediate financial gains.
• Recognition in Fair360's ranking does not guarantee improved financial performance or market position.

No.2 on Fair360 Top 50 Companies list for second consecutive year

NORTHAMPTON, MA / ACCESSWIRE / May 14, 2024 / For the second consecutive year, Medtronic is ranked No. 2 on Fair 360's (formerly DiversityInc) 2024 Top 50 Companies for Workplace Fairness-maintaining our highest-ever ranking on the list. It's our third straight year in the top 10.

"We're deeply honored to be recognized by Fair360 in this way," said Dr. Sally Saba, Medtronic Chief Inclusion & Diversity Officer and President of the Medtronic Foundation. "We are committed to a culture at Medtronic where all employees belong, are respected, and feel valued for who they are and the life experiences they contribute. This kind of recognition indicates we're making progress towards our goal of zero barriers."

Candi Sneed knows that commitment firsthand.

She took advantage of our Medtronic Advancement Pathways & Skill-building (MAPS) program, which offers eligible employees the opportunity to pursue a debt-free college degree. The program pays 100% of tuition directly to the academic institution, with no need for reimbursement and no strings attached.

"It was a game-changer for me," Candi said. "The program became especially important after my husband lost his job. I would have had to quit taking classes if it wasn't for MAPS fully covering my tuition. I have no words for how much that meant to me and my family."

Today, Candi is among our first group of MAPS graduates. She earned her bachelor's degree in Electrical Engineering and is a senior analyst on an engineering team in Arizona.

Medtronic's continuing position at the top of the Fair360 rankings demonstrates our ongoing commitment to inclusion, diversity and equity (ID&E) in the workplace, according to Matt Walter, Chief Human Resources Officer at Medtronic. "The business case for ID&E is clear - we know that diverse perspectives and an equitable and inclusive environment accelerates innovation, improves the wellbeing of our employees, and creates more opportunities to bring our life-saving technologies to more patients around the world," Walter said.

"Conversations about ID&E need to be about competitiveness. We can't win in our markets without the best talent. That's why ID&E matters," added Torod Neptune, Senior Vice President and Chief Communications Officer at Medtronic.

Since 2001, the Fair360 survey has recognized large U.S. employers that model fairness in their talent strategies, workplace and supplier diversity practices and philanthropic engagement. Fair360 benchmarks companies' programs, practices, policies, and outcomes to hire, retain, develop, and promote women, people of color, people with disabilities, LGBTQ+, and veteran employees. This year, 160 companies with more than 7 million employees submitted data and metrics on:

• Leadership accountability
• Human capital diversity
• Talent programs
• Workplace practices
• Supplier diversity
• Philanthropy

"I'm delighted to recognize the companies on the Top 50 list for their ongoing commitment to workplace fairness," said Luke Visconti, Founder and Chairman of Fair360. "The data shows that over the long-term, companies that consistently put their employees first and have strong track records of respecting and embracing diversity, equity and inclusion, are stronger performers and better equipped to adapt to market conditions."

This year's rankings and specialty lists were unveiled during the annual Fair360 Top 50 event, which was held on May 13.

Learn more about inclusion, diversity, and equity (ID&E) at Medtronic in their latest Global ID&E Annual Report.

Dr. Sally Saba, Matt Walter and Torod Neptune during Q&A with Fair360 attendees.

View additional multimedia and more ESG storytelling from Medtronic on 3blmedia.com.

Contact Info:
Spokesperson: Medtronic
Website: https://www.3blmedia.com/profiles/medtronic
Email: info@3blmedia.com

SOURCE: Medtronic

View the original press release on accesswire.com

FAQ

What ranking did Medtronic achieve on Fair360's 2024 Top 50 Companies for Workplace Fairness?

Medtronic ranked No. 2 on Fair360's 2024 Top 50 Companies for Workplace Fairness.

How many consecutive years has Medtronic been in the top 10 of Fair360's list?

Medtronic has been in the top 10 of Fair360's list for three consecutive years.

What is the Medtronic Advancement Pathways & Skill-building (MAPS) program?

The MAPS program offers Medtronic employees 100% tuition coverage for pursuing a college degree.

When was the Fair360 Top 50 event held?

The Fair360 Top 50 event was held on May 13, 2024.

What aspects does the Fair360 survey evaluate?

The Fair360 survey evaluates leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.