There are newer employer reviews for Abbott Labs
There are newer employer reviews for Abbott Labs

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Helpful (1)

Big company with big resources

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Engineer in Redwood City, CA
Former Employee - Senior Engineer in Redwood City, CA

I worked at Abbott Labs

Recommends
Approves of CEO
Recommends
Approves of CEO

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 Management

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

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  1. Helpful (1)

    Abbott Labs is a great company with a stable future.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Network Analyst in Phoenix, AZ
    Current Employee - Senior Network Analyst in Phoenix, AZ

    I have been working at Abbott Labs

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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

  2. A solid, diverse company with very strong financial management.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Lead in Abbott Park, IL
    Current Employee - Team Lead in Abbott Park, IL

    I have been working at Abbott Labs

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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

There are newer employer reviews for Abbott Labs
There are newer employer reviews for Abbott Labs

See Most Recent

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