Company Profile
Company Overview
St. Jude Medical develops innovative products that reduce health care costs and improve outcomes for cardiac, neurological and chronic pain patients who suffer from epidemic diseases.
Headquartered in St. Paul, Minnesota, St. Jude Medical employs approximately 16,000 people worldwide.
Technology drives St. Jude Medical’s marketplace success, but it is the people of St. Jude Medical who move our company forward. Our employees act on their strong desire to make a difference, partner with others and put ideas into action. Employees are engaged by a work culture that is team oriented, fast paced and progressive.
Company History
St. Jude Medical was founded in 1976 in St. Paul, Minnesota, as a pioneering manufacturer of bi-leaflet implantable mechanical heart valves. The company’s innovative heart valve design soon became the “gold standard” for mechanical heart valves.
Since the company’s first major acquisition of Pacesetter in 1994, St. Jude Medical has continued to grow into a global leader in cardiac and neurological device technology, broadening our product portfolio through internal development and strategic acquisitions.
Today, St. Jude Medical is dedicated to advancing the practice of medicine by reducing risk wherever possible and contributing to successful outcomes for every patient. The company now has four main technology platforms including atrial fibrillation, cardiac rhythm management, cardiovascular and neuromodulation. St. Jude Medical has been recognized by FORTUNE magazine as one of America’s Most Admired Companies for six consecutive years and in 2010 was named to the FORTUNE 500.
Benefits
Benefits and Compensation
St. Jude Medical’s benefits are designed to help you make the most of your life at work and at home. No matter how your life changes, we offer resources that protect you and your family, help you easily transition to new chapters in your life and help you grow personally and professionally. Benefits vary by location and depend on the number of hours worked. Plans may vary outside the United States. Check with an HR representative for complete details regarding your preferred work location.
Wellness
Dental Care
This plan offers comprehensive coverage through a network of preferred dental care providers. St. Jude Medical plans pay the majority of the premium costs.
Employee Assistance Program (EAP)
We care about our employees and recognize that life’s changes can trigger stress. St. Jude Medical sponsors a free, professional and confidential service for employees and their dependents. Services include telephone information, problem assessment, short-term confidential counseling, referral if necessary and a 24-hour crisis line.
Flexible Spending Accounts
Lower your taxable income by reimbursing eligible, out-of pocket medical, dental and vision expenses on a pre-tax basis up to $2,500 a year. Also available is an account for dependent day care expenses.
LiveWell Program
As part of our effort to build a culture of health where each of our employees can contribute to their full potential, we offer free on-site health screenings and a free health assessment. We also provide free health coaching through a lifestyle improvement program.
Medical Care
Medical plans are available that provide coverage through a network of preferred physicians or you can select your own health care provider using out-of-network coverage. St. Jude Medical pays the majority of the premium costs.
Physical Fitness Program
Varies by location and division. St. Jude Medical pays a portion of your health club membership. Some locations have on-site fitness facilities.
Vision Care
This plan offers comprehensive coverage through a network of participating vision care providers. St. Jude Medical pays the majority of the premium costs.
Work/Life Balance
Disability Insurance
St. Jude Medical provides disability insurance to employees at no cost. Disability insurance pays a percentage of your base earnings if you are unable to work due to a non-work related illness or injury.
Discount Coupons
Varies by location and division. May include discounts to theme parks, movie theaters, performances, and local events.
Employee Referral Bonus
Varies by location and division. Receive a bonus when you refer a qualified individual hired by St. Jude Medical for a posted position.
Holidays
We offer paid holidays to our employees each year. The number of days varies by division.
Leave of Absence
We offer leaves of absence for the following reasons: military, personal and educational, bereavement and jury duty.
We proudly support our military personnel and pay a portion of the employees’ salary if they are on approved leave for qualified military purposes. We also provide other leaves under approved circumstances.
Life Insurance
We provide basic life insurance to employees at no cost. Employees can purchase additional insurance.
Matching Gift Program
St. Jude Medical matches an employee donation toward an eligible education institution or hospital.
Paid Time Off - Vacation and Sick Leave
Employees earn time off with pay based on length of service at St. Jude Medical. A percentage of hours can be carried over from year to year. This time off can be used for vacation or sick leave.
Scholarship Program
Scholarships are awarded to children of St. Jude Medical employees for full-time study at an accredited education institution. The awards are based on a number of factors such as academic record, honors, etc.
“The scholarship allows me to focus more time on my studies and research.” - Recipient James D., son of a Neuromodulation employee
Financial
Credit Union Services
Varies by location and division. Some locations offer financial services handled by a local credit union, including on-site automated teller machines, checking accounts, bankcards, and competitive interest rates.
Employee Stock Purchase Plan (ESPP)
ESPP enables employees to purchase our stock at a 15% discount of the fair market value by enrolling in a payroll deduction program. Fair market value refers to the value of the shares on the date the plan commences or the termination date of the plan, whichever is lower.
Retirement Savings - 401(k)
Take advantage of pre-tax or post-tax Roth contributions and gain additional contributions from St. Jude Medical. We match 100% of the first 3% of compensation that each employee elects to contribute on a pre-tax basis. Employees are eligible after one year of service and are 100% vested in company contributions after 5 years.
Note: The highlights on this Web site do not represent complete St. Jude Medical policy statements. Consult the official policies, procedures or plan documents for complete information. If there is a conflict between the information on this Web site and the policies, procedures or plan documents, the text of those documents is considered valid and in force