At Abbott, 77 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 998 employee surveys, with a 90% confidence level and a margin of error of ± 2.59. It was published on Aug 21, 2017. 31207 Visitors

What Employees Say

I'm proud to tell others I work here.
88%
 
I feel good about the ways we contribute to the community.
86%
 
I am able to take time off from work when I think it's necessary.
84%
 
Management is honest and ethical in its business practices.
83%
 
People here are willing to give extra to get the job done.
81%
 

What They Do

We asked Abbott to explain what they do. Here is what they had to say.

Abbott helps people live their best lives through good health. We create breakthrough products in diagnostics, medical devices, nutrition and branded generic pharmaceuticals – that help people lead lives full of unlimited possibilities.  Please note all data is as of Dec. 31, 2016, before Abbott's acquisition of St. Jude Medical.

About this Company

Website: www.abbott.com Industry: Health Care
US Headquarters: Abbott Park, Illinois, 60064-3500 US Sites: 42
Major Locations: Columbus, Ohio, 43229; Temecula, California, 92591; Plano, Texas, 75024; Irving, Texas, 75038; Santa Clara, California, 95054 US Employees: 15,884
US Revenues: $6,490 million Worldwide Revenues: $20,850 million
Employees Worldwide: 75,000 Corporate Structure: Public
Stock Symbol: ABT Founded: 1888

“We put tremendous care and attention into everything we do, because we know our healthcare breakthroughs can change people’s lives and open up possibilities they wouldn’t otherwise have.” – Wade Bolton, Abbott Hematology R&D, Divisional Vice President, Diagnostics

Perks and Programs

We asked Abbott to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Award-winning Internship Program: At Abbott, we train and cultivate hundreds of tomorrow’s business leaders and innovators every year through our award-winning internship program. Interns work on meaningful, challenging projects that have a direct impact on our business, have access to senior leaders and receive targeted training. These future leaders are well-positioned to compete for full-time opportunities and to continue to make a positive impact on business and their community. Our accolades? Vault, the careers ranking website, named Abbott’s program the No. 2 Best Internship in Healthcare and No. 5 Best Internship in Science and Engineering. The program was also named to the 50 Best Internships list.
  • Clara Abbott Foundation: The Clara Abbott Foundation, a not-for-profit organization, helps Abbott families through challenging financial situations. It provides short-term financial assistance and university-level scholarships to Abbott employees, retirees and their dependents, including need-based grants to help with basic needs. It also offers need-based college scholarships to help dependent children of Abbott employees obtain their first undergraduate degree. Scholarships can be used to help with expenses such as tuition, fees, books, supplies, transportation, and room and board The Clara Abbott Foundation is named for Clara Augusta Ingraham Abbott, the wife of the company's founder, Wallace Abbott. When Clara died in 1924, she donated 12,000 shares of company stock to be used for the establishment of a “charity” to help Abbott employees -- The Clara Abbott Foundation.
  • Employee Development Programs: Abbott offers development programs for all employees, ranging from self-study to instructor-led to long-term programs, each designed to help employees build skills for their current role or prepare for their next. Our longer-term programs include Professional Development Programs (PDP) in Operations, Finance or IT, designed for entry-level employees recruited from top colleges and universities. PDPs involve two or three one-year assignments that rotate through positions across the globe. These programs build a strong leadership pipeline, with more than 25 percent of alumni eventually moving into senior leadership positions over the years. We have several leadership development programs for employees at the director and above level, including courses targeted to people newly entering their roles to help them succeed.  A new program for early-level career professionals brings employees together from around the world to solve business challenges, participate in training, and network with peers who, together, can become our future leaders.
  • Abbott Employee Networks: Abbott has been consistently recognized as one of the nation’s best companies for a diverse workforce, and that is in large part because of our Employee Networks, employee-driven groups that focus on building and promoting a diverse and inclusive work environment while working toward the professional development of their participants. Every network is open to all employees regardless of ethnicity or gender. Our networks include the Asian Leadership & Cultural Network, Black Business Network, Flex Network, LA Voice Network, Pride Network, Women Leaders of Abbott (which has international chapters), Veterans Network and Advancing Professionals. Our networks sponsor activities, training, community projects and more.
  • 'Speak to the World' Language Study Program: The world we live and work in is connected as never before. As a global company, Abbott sees this everyday as our teams come together from all geographies to help solve the world’s health issues. We recently launched a language study program so that employees, anywhere, can learn a language of their choice. Online self-study classes are augmented with one-on-one coaching sessions and small group virtual classes are offered in 75 languages.
  • Abbott Anniversary Program: Why do employees stay with a company for years and years?  There are many reasons, of course, and one is the people we work with. Abbott's anniversary program encourages peers to contribute to anniversary celebrations by posting notes or videos to our recognition website. Celebrants receive both an award that can be converted to a gift of their choice and the gift of having memories and congratulations shared by their colleagues. It's a powerful way of acknowledging both accomplishments and relationships – both of which are important in any career.
  • Financial Programs: Abbott offers all employees a Stock Retirement Plan, which is a 401(k) plan with company match. Our average 401(k) savings are 2½ times higher than the national average. Eligible employees may be offered cash profit sharing, long-term incentive programs, pension and retiree healthcare. These financial programs help our employees build security for themselves and their families and benefit personally from their contributions to our success.
  • Freedom to Work: Several years ago, Abbott asked groups of retirement-eligible employees about their retirement plans and many told us that they envision working longer than their parents did, trying new roles, spending more time with their families and starting businesses. They wanted a different kind of retirement. In addition, Abbott wanted retirement-eligible employees to stay longer because we value their skills and experience. That’s why we created Freedom to Work. This program allows eligible employees to reduce their work schedule, workload and/or responsibilities, while sharing knowledge with colleagues and continuing to build retirement benefits. Two options are available – a Custom Schedule Program and an Emeritus Program, where a change in responsibility or level is involved.
  • Health and Wellness Programs : Abbott employees can access a full range of healthcare and wellness benefits that include such programs as Care Coordinators that help navigate the complex healthcare system; an Elder Care program that provides assistance with caring for elderly relatives; wellness coaching; a variety of health screenings; a fitness app and a variety of events such as Exercise Across Abbott, which sponsors friendly competition each year between teams globally.

COMPENSATION BY THE NUMBERS

80% Company-paid health coverage for employees 80% Company-paid health coverage for dependents
80% Company-paid health coverage for part-timers 20 hours Weekly hours required for part-timers to receive health insurance
$4,037 Average Tuition Reimbursement $7,000 Maximum Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) or 403b Program
  • Stock options
  • Restricted stock units
Abbott sponsors a high school STEM program to encourage young people to follow thier dreams of working in science, technology, engineering and math.

WORK-LIFE BALANCE BY THE NUMBERS

26 days Paid time off after one year of full-time employment 7 days Paid sick days after one year of full-time employment
26 Days Paid time off as of first day of full-time employment 18 days Paid time off as of first day of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule (97% use it)
  • Telecommute option (70% use it)
  • Job sharing (3% use it)
  • Compressed work weeks (8% use it)
  • Subsidized On- or Off-site Fitness (76% have access)
  • Onsite Amenities (childcare center, lactation rooms, caf, fitness center, fitness classes, sports & activities, massages, hydro massages, recreational fields, walking trails both inside and outside, banking, discounted nutritional products, blood pressure machines, health clinics, free parking)

FAMILY CARE BY THE NUMBERS

60 days Job-protected maternity leave (including FMLA/STD) 30 days Fully-paid maternity leave (does not include personal vacation or paid time off)
72 days Average length of maternity leave new mothers take60 days Job-protected paternity leave (including FMLA)
10 days Fully-paid paternity leave (does not include personal vacation or paid time off)10 days Average length of paternity leave new fathers take
$20,000 Adoption benefit60 days Job-protected parental leave for adoptive parents (including FMLA)
10 days Fully-paid parental leave for adoptive parents (does not include personal vacation or paid time off)
*Employees are not required to use all their personal paid time off before taking parental leave.

FAMILY CARE PROGRAMS

  • On-site or near-site backup childcare center
  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)
  • Fertility treatments

Community and Environmental Impact

$37,000,000 Philanthropic donations in last year $3,500,000 Total company-matched employee donations in last year
Division Vice President of Compliance and Operations Leads environmental impact team Third-Party Conducted Environmental impact audit
14 LEED certified sites Yes Sustainable commuting program
Yes Renewable energy program Yes Recycling program

Diversity

  • Divisional Vice President, Talent Acquisition is responsible for the success of formal recruiting and retention diversity goals
  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Under-represented racial/ethnic minority groups; Women; Lesbian, gay, bisexual or transgender employees; Speakers of English as a second language; Employees reentering the workforce
  • 12 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
  • Non-birth parents in same-sex relationships can take parental leave
  • Medical care covers gender confirmation surgery

Leadership Diversity

 

Workforce Diversity

 
An employee celebrates with her mom at Abbott’s Bring Your Mom to Work event to celebrate Mother’s Day 2017.

DEMOGRAPHICS

 
Participating in local charity events is a big part of our employees’ community involvement. These diabetes care team members are raising money for a charity that helps enhance the quality of life for people with disabilities.

How to Get Hired

We asked Abbott for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

We deeply care about teamwork, collaboration, driving for results and adaptability as “fit factors.” As a global company, driving an inclusive culture and being a role model for ethical standards are also very important. Last but not least, demonstrating our core company values of caring about creating happier and healthier lives around the world is important.

What can prospective employees do to get your attention?

They should demonstrate a track record of success, quality orientation, utmost ethical standards and passion for improving lives around the world. For leadership roles, we would seek to understand how they grew businesses, how they built teams and organizations and how they fostered a diverse work environment.

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

Science and Engineering is key to continued innovation in markets around the world. That said, we also focus on professionals in marketing, sales, research and development, IT, finance and regulatory.

What should interested candidates do to find out more and get started?

All prospective candidates can connect with us on our social platforms for updates on the company and should visit our global career site.

hiring Outlook

3,500 Forecasted positions to fill in coming year 0% Job Growth
43 Average applicants per opening 200,000 Total job applicants
16% New hires by employee referrals 30% Openings filled by current employees
345 Recent graduates hired 5% Voluntary turnover for full-time employees
4% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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