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The medical technology company’s sales took a hit when hospitals postponed elective procedures, which make up roughly half of Stryker’s business, during the pandemic. To help bear the burden, the company implemented temporary salary reductions among leadership—including the board of directors—in lieu of frontline workers, and created a process for temporary assignments to help those whose work had been reduced or eliminated find other opportunities within the company during the pandemic. Those hardships prompted Stryker to furlough some employees early on and fall 80 spots on Fortune’s list this year. But some employees also appreciated how the company didn’t micromanage during the crisis. Notes one, “That trust was critical and invaluable, and I realize that many, many employees did not have the same ‘luxury.’”
Courtesy of Stryker
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