Guidelines for Submission: This milestone should be 3–4 pages in length (in addition to a cover page and references section) and should be submitted as a Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Use at least three sources, which should be cited according to APA style.
Answer preview
The salary earned at Emerging Pharmaceuticals significantly differs from that offered at Medtronic. In all the similar job titles, Medtronic employees make at least $5000 more than employees at Emerging Pharmaceuticals. The difference in pay is significant, which could be why Emerging Pharmaceutical employees are moving to Medtronic. Another area of difference is on the pension plan. At Emerging Pharmaceuticals, the company contributes 3% of the employees’ pay to the pension plan, and employees qualify for the pension after working for the company for more than 1000 hours. At Medtronic, the company pays 50% for the first 6% of employees contribute, and the company gives additional contributions each year. Medtronic also contributes 3% of eligible employees to pay annually irrespective of whether the employee saves or not. Besides, there are no restrictions on the time one should have worked for the company before qualifying for a pension.
