Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 122,000 colleagues serve people in more than 160 countries.
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to :
- Career development with an international company where you can grow the career you dream of.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- An excellent retirement savings plan with high employer contribution
- Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
This position works out of our Abbott Park, IL location within the CHR Corporate Human Resources division.
The Associate Specialist, for our Global Compensation Administration team will be technically proficient and ready for a challenge. This role supports global compensation and provides technical expertise in the delivery of various Compensation programs.
What You’ll Work On
- Provides recommendations on various pay actions (promotions, equities, bonus buyouts, etc.) utilizing survey sources, market references, internal equity, and other data as appropriate.
- Makes external job offer recommendations (i.e. Same Day Offer and hourly rate recommendations).
- Completes survey submissions for annual and ad hoc salary surveys and utilizes results for the development of start rates, site wage proposals, salary structures and equity studies.
- Performs equity studies.
- Manages the job description process.
- Administers annual compensation programs (merit, salary planning, short-term incentive plans), utilizing Workday compensation module.
- Provides compensation analysis and data management support for special projects including acquisitions and divestitures, large reorganizations, job leveling, job hierarchies, internal and external audits, new government-mandated changes, etc.
- Provides input to enhance existing processes or to establish processes for new programs including documentation of compensation practices (knowledge articles, job aids, work instructions etc.) and provides training.
- Performs User Acceptance and Regression testing, including creating test scripts.
- Responsible for the administration and delivery of compensation programs that are aimed at attracting and retaining employee talent. Works primarily with line management, Business HR, Talent Acquisition, HR Service Center, Practice Center Consultants, and Project Managers to administer Abbott’s pay programs.
- Applies working knowledge of compensation and related human resources principles and requirements to support business needs. Recognized for expertise in a selected compensation discipline.
Required Qualifications
- Associate’s degree plus 1 year of relevant experience.
Preferred Qualifications
- Bachelor’s degree preferred and 2- 4 years in a compensation analyst role with experience in basic compensation functions including making salary recommendations, submitting to salary surveys and analyzing survey data, and market pricing.
- Experience leading medium to large projects such as incentive plan administration and payouts, job leveling/hierarchy development, acquisition integration, and data audits.
- Strong technical knowledge of Excel required, including development of spreadsheets with formulas, functions, pivot tables, and look ups.
- Experience with Workday and Zendesk preferred.
- Possess understanding of local laws and regulations to effectively support the delivery of Compensation programs.
- Must be able to work in a fast-paced changing environment and able to seek guidance for decisions that may not be straightforward.
- Able to handle sensitive HR information with high degree of confidentiality and discretion.
- Must be detail oriented with strong analytical skills and be able to present analytical data in an easily understandable format.
- Excellent interpersonal and organizational skills.
- Excellent customer focus and ability to collaborate with key stakeholders, cross-functional teams and cultivate positive relationships.
- Multilingual preferred, fluency in English is a must.
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives : www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter
The base pay for this position is $50,700.00 – $101,300.00. In specific locations, the pay range may vary from the range posted.
