No. 10 | Abbott
- In the past year, Abbott’s sponsorship efforts included the African-American Sponsorship Program and the African-American Executive Coaching Program that was introduced for new hires. The Sponsorship Program internally promoted leadership talent and the coaching program supported new African-American Divisional Vice Presidents.
- 15 Abbott women received awards at the 2018 Women of Color Multicultural STEM conference. Thirty-two nominations were submitted and subjected to an extensive internal nomination process involving leaders from Abbott technical governing boards and Business Human Resources.
- Abbott’s Freedom 2 Save helps employees burdened by student debt save for retirement. Participants who apply at least 2 percent of their eligible pay toward reducing their student loans will receive a 5 percent company contribution in the U.S. Abbott Laboratories Stock Retirement Plan (SRP). Employees are eligible for the program even without having completed a degree and can participate in the Tuition Assistance program at the same time.
FROM THE COMPANY
At Abbott, we’re committed to creating life-changing technologies and products that help people live their best lives. For over 130 years, we’ve brought new inventions —in medical devices, diagnostics, nutrition, and medicines — to people in more than 160 countries around the world.
Abbott is a mainstay on DiversityInc’s list because of its commitment to talent-development and accountability. We value diversity —of people, products, technologies, and geographies —and believe that diverse perspectives and shared goals inspire new ideas and better address changing healthcare needs.
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 Unconscious Bias training for recruiters, HR leaders, Network members, and all hiring managers.
Miles D. White
Chairman and CEO
“Diversity is fundamental to Abbott. Not only are we one of the world’s most broadly diversified healthcare companies, with technology-driven businesses that span the spectrum of life and health –we’re also one of the most globalized, doing business in more than 160 countries. This gives us a deep-rooted understanding of, and appreciation for, diversity and the benefits it confers.”
Divisional Vice President, Global Talent Acquisition
“Abbott is committed to increasing diversity in our company because we’re better, stronger and more innovative when our company reflects all the people we serve, and can benefit from a broader range of experiences and perspectives.”
U.S. Headquarters: Abbott Park, Ill.
Global Employees: 103,000
Last Year’s DiversityInc Top 50 Ranking • No. 16
OTHER DIVERSITYINC LISTS
- No. 13 Executive Diversity Council
- No. 14 Mentoring