Abbott Labs – “Solid place to work, employees are well taken care of”

Pros

Abbott is a solid company, with a diverse product line and pipeline. The company promotes movement within departments, which is good if you want to try something new every few years. Work/Life balance is important to management, and efforts are made to provide employees with flexibility to telecommute and/or modify work hours based on desired schedule.

The retirement compensation is fantastic, with a 401k 2% contribution/5% company match AND pension, it's really unheard of these days.

Cons

Abbott's base salaries are a tad on the low side compared to other big pharma/device companies.

Medical coverage is not the greatest, with the best plan costing ~$300/mo for family, and only covering 80% of costs. Even labor/delivery and hospitalizis only covered at 80%. This can really add up.

Advice to Senior Management

There is a demand for better insurance options.