Description:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
- Career development with an international company where you can grow the career you dream of .
- Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
- An excellent retirement savings plan with high employer contribution
- Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
This position will provide compensation subject matter expertise for Medical Devices divisions.
What You’ll Work On
- Consult with BHR Directors/Managers, Area/Local Compensation & Benefits colleagues, Practice Centers, HRTS/Global HR Services to provide guidance on compensation philosophy, policies, and best practices.
- Manages compensation-related projects, conducts complex analysis, and develops associated recommendations through analysis insights and develop detailed summaries. Creates concise executive summaries, presents recommendations, and provides compensation consulting services to support business needs. Securing key stakeholder alignment in a complex matrixed environment throughout all project stages is critical.
- Lead internal/external data analysis, interpret findings, develop, and present proposals/recommendations to Senior Leadership, Practice Centers and BHR.
- Assist with the global merit planning process including project management, testing, stakeholder management and compensation planning.
- Develop executive level promotional and/or external hire recommendations.
- Lead bonus plan configuration and data audits in Workday; provide guidance to Area Compensation & Benefits on compensation plan configuration best practices.
- Provide Project Management and oversight for Annual Compensation Program Administration. Develop and implement project plans related to Annual Compensation Programs and ad hoc projects.
- Develop and deliver compensation training to BHR, TA and other HR areas.
- Assist with compensation program design, communication, and implementation.
- May provide direction and guidance to Compensation Specialists/Analysts within Practice Center (nonsupervisory).
Required Qualifications
- Bachelor’s degree in HR, Business Administration, or relevant field
- 8+ years overall HR and project/program management experience
- 5+ years compensation analytical/consulting experience
- Demonstrated excellence in organizational and time management, problem-solving, influencing, communication, and analytical skills.
- In-depth knowledge of rewards theory, trends, best practices, laws/regulations.
- Demonstrated ability to work through teams and interact at all organizational levels including key stakeholders and senior management.
- Strong analytical capabilities (conceptual and quantitative) and ability to communicate persuasively in person and in writing with diverse stakeholders to creatively resolve complex problems, anticipate needs, and recommend or produce best solutions for the business.
- Identifies and resolves complex strategic problems in a timely manner; synthesizes complex and diverse information; collects and researches data; uses feedback to modify designs; uses reason even when dealing with emotional topics; demonstrates high level attention to detail.
- Ability to work independently to develop project plans, perform critical path analysis, drive and manage mid/large scale projects, while collaborating with a large variety of stakeholders in a highly matrixed environment; must be a self-starter.
- Demonstrates ability to establish relationships based on trust and influence diverse stakeholders; approaches others in a tactful manner; reacts well under pressure.
- Ability to quickly reprioritize work based on new requests while still completing core project work on schedule. Ability to manage multiple projects simultaneously.
- Advanced skills with Microsoft Office and project management tools.
- Demonstrated ability to work independently, manage priorities and project timelines, anticipate needs and determine next steps.
Preferred Qualifications
- Master’s degree (or MBA) in HR, Project Management, or relevant field
- Certified Compensation Professional (CCP) designation
- Consulting experience
- Experience designing compensation plans and market pricing/benchmarking preferred
- Experience in healthcare industry or global organization preferred
* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com , on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.
The base pay for this position is $95,000.00 – $190,000.00. In specific locations, the pay range may vary from the range posted.