WHY IT’S ON THE LIST
Abbott’s strong accountability and talent-development initiatives fueled its showing this year. The company links executive compensation to diversity metrics, including individual goals such as being an executive sponsor of an employee resource group or a cross-cultural mentor, as well as corporate diversity goals.
Diversity success is assessed through dashboards, scorecards, benchmarking and rankings on credible lists, including the DiversityInc Top 50.
Abbott has first-rate talent-development programs, including a formal mentoring program in which almost half of the managers participate. More than 60 percent of the pairings are cross-cultural, and mentors receive cultural-awareness training. All of the executives in the top three levels of the company participate in the formal mentoring program. Abbott also has formal sponsorship for high-potential employees from underrepresented groups.
Abbott also offers a flexible workplace, with more than half its U.S. employees telecommuting some of the time. The company has a Flex Employee Network resource group for telecommuters.
The company has improved its supplier-diversity efforts in the past year as well.
Chairman and CEO
“Fostering an inclusive workplace is essential for Abbott’s success. We count on having a variety of perspectives to drive the innovation we need to bring our science, and our company, to a higher level.”
Divisional Vice President, Global Talent Acquisition
“At Abbott, our talent is our greatest business asset, and we see diversity as core to our success. It’s not about numbers but the people whose perspectives and contributions are formed from a lifetime of diverse experiences. This is how we inspire and capture the innovation that drives our global business success.”
U.S. Headquarters: Abbott Park, Ill.
Global Employees: 71,471
U.S. Employees: 18,327
OTHER DIVERSITYINC LISTS
- No. 10 Top 10 Companies for Recruitment
- No. 10 Top 10 Companies for Supplier Diversity
- No. 6 Top 10 Companies for Mentoring