WHY IT’S ON THE LIST
Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. The company is a mainstay on DiversityInc’s list because of its proven commitment to talent-development programs and accountability.
Abbott strongly values diversity—of people, products, technologies and geographies—and believes that diverse perspectives combined with shared goals inspire new ideas and better ways of addressing changing healthcare needs.
Today, nearly 50 percent of the members on Abbott’s corporate board of directors are from underrepresented groups. Women make up 46 percent of management and nearly half of the company’s global workforce.
Abbott links executive compensation to diversity metrics. This includes individual goals such as being an executive sponsor of an employee resource group or a cross-cultural mentor, as well as corporate diversity goals.
All of the executives in the top three levels of Abbott participate in the formal mentoring program. Mentors receive cultural-awareness training, and the pairings are designed to be cross-cultural. Abbott also has formal sponsorship for high-potential employees from underrepresented groups.
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: 73,000
U.S. Employees: 16,711
Last Year’s DiversityInc Top 50 Ranking: No. 13
OTHER DIVERSITYINC LISTS
No. 5 Top 10 Companies for Mentoring
No. 5 Top 10 Companies for Supplier Diversity
No. 6 Top 10 Companies for Diversity Councils