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

I worked at Abbott Labs

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

655 Other Employee Reviews for Abbott Labs (View Most Recent)

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  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

    I have been working at Abbott Labs

    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.  

    Anonymous in Abbott Park

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Financial Analyst in Abbott Park, IL
    Former Employee - Senior Financial Analyst in Abbott Park, IL

    I worked at Abbott Labs

    Pros

    Abbott has a great benefits package and still offers a pension which in today's world is rare. They offer a great work life balance for the most part. They have a great system whereby every 2 or 3 years you move to a different job which allows you to work there for a lot of years without every growing bored of your job.

    Cons

    Because of the large number of employees at Abbott it can be difficult to move up quickly. It's a little bit more difficult to change processes and introduce innovation because of Abbott's size.

    Advice to ManagementAdvice

    Recognize and reward talent before seniority.

    Recommends
    Approves of CEO
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