Johnson & Johnson (NYSE:JNJ) tops the charts as the best medical device company to work for according to Glassdoor.com, a database of anonymously posted information about salaries, interviews and jobs from current and former medical device industry employees.
The New Brunswick, N.J.-based medical products conglomerate received an average score of 3.5 (out of a best score of 5) in terms of employee satisfaction, based on 860 reviews on the website.
Glassdoor, which launched in 2008, has data on more than 250,000 companies from more than 15 million registered users, according to spokesman Scott Dobroski. The average company rating is 3.2 for employee satisfaction, Dobroski told MassDevice.com.
"Medtronic stays true to its mission no matter what the costs to growth and profits. History and proven this to be a great plan which is why Medtronic is the world leader in medical devices. I have stayed at Medtronic for 13 years, dodging 5 layoffs, partly due to the commitment to the mission. There is a sense of pride knowing that what you do is impacting lives," wrote a current clinical research employee based in Mounds View, Minn.
On the other end of the spectrum, another MDT employee in Tempe, Ariz., wrote that uncertainty and the sheer size of Medtronic was a drawback.
"Annual layoffs. Leadership located in Minnesota, often too remote to know or care about individual contributors. Promotions tied to visibility, instead of work performance. Compensation is no longer tied to performance," the worker wrote.
Sarah Huoh, a spokesperson for Edwards Lifesciences (NYSE:EW), which also ranked highly on the list of companies we vetted with a score of 3.4 (based on 49 responses) told MassDevice.com that Edwards puts a premium on employees’ satisfaction.
"Our talented employees are our most important asset as we work each day to bring life-saving devices to patients around the world," Huoh told us in an email. "Edwards is committed to providing not only the traditional benefits offered by many employers, such as a competitive and comprehensive total compensation program, but we also offer a number of other employee benefits in areas such as professional development, total wellness and work-life integration. We value employee feedback, and, in fact, we regularly conduct an employee engagement survey with all of our employees worldwide. Our most recent survey had a 97% global response rate, and demonstrated overall employee engagement of 78%, putting Edwards in the top 25% of global companies (based on the Kenexa World Norms database)."
For our list, we weeded out companies that had fewer than 200 reviews.
The top 5 companies, according to employees (based on more than 200 reviews with Glassdoor):
- 1. Johnson & Johnson (NYSE:JNJ): 3.5
- 2. Abbott (NYSE:ABT): 3.4
- 3. Medtronic (NYSE:MDT): 3.4
- 4. GE (NYSE:GE): 3.3
- 5. Stryker (NYSE:SYK): 3.2
Top 5 medical device companies to work for (based on 50 reviews or more):