Manager, Executive Compensation at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, Diagnostics, Nutritionals, PharmaceuticalsIndustries

Requirements

Bachelor’s degree in HR, Business Administration, Economics, Finance or relevant field
5+ years overall work experience in a relevant field including, but not limited to: project/program management, executive compensation or broad-based compensation
Demonstrated ability to work independently, manage priorities and project timelines, anticipate needs and determine next steps
Advanced skills with Microsoft Office and project management tools
Demonstrated ability to work through teams and interact at all organizational levels including key stakeholders and senior management
Demonstrated excellence in organizational and time management, problem-solving, influencing, communication, and analytical skills
Preferred Qualifications
Experience administering deferred compensation plans
Master’s degree (or MBA) in HR, Project Management, or relevant field
3+ years Executive Compensation experience preferred
Certified Compensation Professional (CCP) designation
Experience administering compensation plans and market pricing/benchmarking
Experience with large, global organization
In-depth knowledge of rewards theory, trends, best practices, laws/regulations

Responsibilities

Lead the development, analysis and execution of executive compensation programs in order to support the Company’s objectives to attract, retain and reward Abbott’s senior most leaders
Responsible for the development of all materials for the Compensation Committee meetings
Perform internal/external data analysis, interpret findings, develop and present proposals/recommendations to senior leadership
Conduct ongoing competitive analysis of executive compensation and pay components by benchmarking against industry and proxy peers and present findings in a concise and constructive manner
Serve as the subject matter expert on a variety of topics including but not limited to: grantor trust administration, officer appointments and retirements, proxy advisor modeling, officer goal setting/scoring and more
Manage the administration of Abbott’s non-qualified deferred compensation plans

Skills

Executive Compensation

Compensation Analysis

Data Analysis

Compensation Committee

Talent Retention

Pay Equity

Benchmarking

HR Strategy

Leadership Development

Regulatory Compliance

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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