U.S. Headquarters: Abbott Park, Ill.
Global Employees: 91,000
U.S. Employees: 30,883
Last Year’s DiversityInc Top 50 Ranking: No. 20
Why It’s on the List
The pharmaceutical company, which in January split into Abbott (healthcare) and AbbVie (biopharmaceuticals), submitted data for 2012, when it was one company named Abbott.
This is Abbott’s 10th consecutive year on the list. Abbott had strong accountability measures in place, tying 25 percent of the CEO’s direct reports’ executive compensation to D&I goals.
Abbott factored diversity into its succession planning and included formal metrics to assess the results. The company used external recruiters for senior-executive slots and required them to have diverse slates.
The company had a strong mentoring program, including an online initiative, where participants were matched with people two to five grades higher. Sixty-two percent of managers participated in mentoring programs last year. More than 40 percent of the pairings were cross-cultural, and mentors received cultural-awareness training.
The company’s extensive work/life benefits included education for employees and managers on the value of flexible-work options and resources, and individual health coaching and preventative measures. Abbott also offered a phased-retirement program called Freedom to Work that allowed employees 55 years and older with 10 years of service to reduce hours or change responsibilities without loss of benefits.
Other DiversityInc Lists
- No. 8 The DiversityInc Top 10 Companies for Supplier Diversity
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.”