Abbott Labs

  www.abbott.com
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1 person found this helpful  

Big company with big resources

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Senior Engineer  in  Redwood City, CA
Former Employee - Senior Engineer in Redwood City, CA

Pros

Abbott is a large company with lots of resources. Working in biotech you really feel like you are helping people live better lives on a daily basis. 401K matching program and health benefits were good, and vacation time was also generous.

Cons

Abbott's medical device business tends to acquire a lot of companies. Integration with new companies can be a big issue. Large company is less generous with stock options, and the stock price doesn't move very much, so the stock options can only be considered a nice little "bonus" to the annual salary. Pay seemed to lag behind other medical device companies in the area.

Advice to ManagementAdvice

Need to purposefully identify and nuture talented people in the company.

Recommends
Approves of CEO

Other reviews for Abbott Labs

  1. 1 person found this helpful  

    Abbott Labs is a great company with a stable future.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Network Analyst  in  Phoenix, AZ
    Current Employee - Senior Network Analyst in Phoenix, AZ

    Pros

    Abbott Labs offers great benefits packages, lots of room for advancement, many growth opportunities. Abbott is a very stable company, even in the face of our current economic slumps.

    Cons

    It is a large company and sometimes it seems they are in the position of following the industry instead of leading. This is not Abbott's fault, but the Healthcare sector is heavily regulated and the company's every move is scrutinized down to the last detail. As an employee, this can add many layers to the simplest of everyday tasks.

    Advice to ManagementAdvice

    I'll leave the Sr Management to perform it's own job, I'm busy enough with mine.

    Recommends
    Approves of CEO
  2.  

    A solid, diverse company with very strong financial management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Team Lead  in  Abbott Park, IL
    Current Employee - Team Lead in Abbott Park, IL

    Pros

    Work life balance and benefits. There are many different types of careers and one can move through several divisions in the company.

    Cons

    Largness of company - entrenched management. Way too much focus on finances and financial reporting. Difficult to get headcount to get the job done sometimes.

    Advice to ManagementAdvice

    Management training should be greatly enhanced to replace the baby boomers who will retire within the next 15 years.

    Recommends
    Approves of CEO
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