Specialty Lists
- No. 6 in The DiversityInc Top 10 Companies for Asian Americans
- No. 7 in The DiversityInc Top 10 Companies for Executive Women
Why It's in the DiversityInc Top 50
In its seventh year on the list, Abbott continues to demonstrate strong human-capital demographics, especially for women, and an inclusive corporate culture that enhances retention and talent development.
In its seventh year on the list, Abbott continues to demonstrate strong human-capital demographics, especially for women, and an inclusive corporate culture that enhances retention and talent development.
Diversity Strengths
The pharmaceutical company has exemplary work/life benefits, including onsite childcare, recreation clubs, legal discounts and referrals, health coaching and assessments (both including spouses), and a phased retirement program called Freedom to Work that lets employees 55 and older with 10 years of service reduce or change their responsibilities without impacting benefits.
Abbott also has strong benefits for lesbian and gay partners of employees, including bereavement leave, adoption assistance, relocation assistance, health-risk assessment and coaching and long-term-care insurance. The company also includes gender identity in its nondiscrimination policy.
The company has a variety of diversity training and makes it mandatory for the entire work force. The types of training include orientation for new hires with a diversity component as well as leadership training.
Twenty six percent of Abbott's philanthropy goes to multicultural charities, including the AIDS Foundation of Chicago, Helping Hands, Howard University and Out & Equal. The Abbott Foundation gives to the Point Foundation, which offers scholarships to college students who may have been financially and/or emotionally affected by sexual orientation, gender expression or gender identity.
Fifty percent of its managers participate in its formal mentoring program, which has a focused cross-cultural component, includes top management, has training for mentors and mentees and effectively measures results.
The pharmaceutical company has exemplary work/life benefits, including onsite childcare, recreation clubs, legal discounts and referrals, health coaching and assessments (both including spouses), and a phased retirement program called Freedom to Work that lets employees 55 and older with 10 years of service reduce or change their responsibilities without impacting benefits.
Abbott also has strong benefits for lesbian and gay partners of employees, including bereavement leave, adoption assistance, relocation assistance, health-risk assessment and coaching and long-term-care insurance. The company also includes gender identity in its nondiscrimination policy.
The company has a variety of diversity training and makes it mandatory for the entire work force. The types of training include orientation for new hires with a diversity component as well as leadership training.
Twenty six percent of Abbott's philanthropy goes to multicultural charities, including the AIDS Foundation of Chicago, Helping Hands, Howard University and Out & Equal. The Abbott Foundation gives to the Point Foundation, which offers scholarships to college students who may have been financially and/or emotionally affected by sexual orientation, gender expression or gender identity.
Fifty percent of its managers participate in its formal mentoring program, which has a focused cross-cultural component, includes top management, has training for mentors and mentees and effectively measures results.
Miles D. White 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."
William Lee Director, Corporate Diversity, Inclusion & Compliance:
"As Abbott's businesses continue to grow globally, our employee population has become more diverse as well. We view our diversity as a tremendous asset for our innovation-driven businesses and continue to focus on building an inclusive culture that values and leverages people's differences to provide Abbott with a competitive advantage."
Company Info
Industry
Pharmaceuticals
Main Competitors
Merck & Co., Roche, Sanofi-Aventis
Pharmaceuticals
Main Competitors
Merck & Co., Roche, Sanofi-Aventis
U.S. Headquarters
Abbott Park, Ill.
Number of U.S. Employees
33,410
Abbott Park, Ill.
Number of U.S. Employees
33,410
% of Operations Outside U.S.
49
49
