Abbott Labs Reviews

Pros

Large company with many benefits. From what I saw there was a lot of mobility within the company. It's a large established firm in an honorable profession.

Cons

At times the bureaucracy can be stifling. Red tape especially with expense reports are tedious. The company would squander $200 to verify your story than pay for a $20 train ticket.

Advice to Senior Management

The management seemed to do alright, the project I was working on was facing difficulties, but this was primarily due to external contractors.

Pros

A large amount of opportunity and support for career development. Great for those who can take the initiative and manage their own careers - it is a big place. It is very important to have the support of your boss. Fortunately there are a lot of good bosses at Abbott.

Cons

Like any large company, there is a lot of bureaucracy - things can take forever to accomplish. Anyone who is not a self-starter could get lost in the crowd.

Pros

Abbott's diverse product portfolio gives its employees an abundance of opportunities to grow and develop their careers in the healthcare industry.

Cons

The general consensus among Abbott employees is that while the company is stable and offers generous benefits, the compensation packages awarded to employees are often less than those offered by other companies within the industry.

Advice to Senior Management

The leadership at Abbott Laboratories has done a good job of adapting to the ever-changing global healthcare climate. Abbott's recent acquisitions have positioned the company well to succeed in the future.

Pros

Good salary and prestige. Very good segment to be in.

Cons

customers come last though customers are the whole point. Processes are not followed and middle management is smart but to scattered --they deal with all problems in a very similar manner blame them on employ performance instead of the real fault unclear proceedures and processes. Old world thinking pressure the employee and keep them under your thumb.

Advice to Senior Management

Offer clear processes for employees to follow and follow-up on whether processes are working within a reasonable time frame. A company culture is very important not just talk but actual culture.

Pros

There is a good work/life balance.

Cons

Not everyone is promoted using the same standards.

Advice to Senior Management

Emplyees should be promoted on merit not length og service.

Pros

Stability
Work life balance
Decent benefits
Friendly colleagues
No other comments

Cons

Limited growth opportunity
Long time for promotions
Political
401k plans aren't the greatest

Advice to Senior Management

Advice specific to R&D leaders
Need to recognize employee contributions better
Needs to be more open to creative/ unconventional ideas
Stop favoring some people and give opportunities to those at those below

As a whole the company has done impressively well when compared to competition. Thanks to Miles White.

Pros

Good pay benefits. Quality co-workers.

Cons

Individual initiative not appreciated. Political CYA environment.

Advice to Senior Management

Support individual initiative.

Pros

Benefits package. I have a very good direct manager and team.

Cons

Abbott is notoriously cheap when it comes to compensating employees. We are constantly asked to do more, faster, with less. Everyone on my immediate team does the work of three people. It burns you out, especially when you aren't financially compensated. I don't even make the low end range of my job title as listed here.

Advice to Senior Management

Take a look at the salaries here and reward the grunt workers you always ask for more!

Pros

Paid well and some depts. had great people

Cons

Lack of commitment to meet deadlines, lack of professional courtesies.

Advice to Senior Management

Make upper management personnel more accountable.

Pros

Opportunities for development if you want diagnostics or CH

Cons

Lack of strategic focus, minimum flexibilty

Advice to Senior Management

Don't bloat to cut and pay attention to your customers