Associate Specialist, Global Compensation Administration
Location: Abbott Park, Illinois
Internal Number: ABLAUS30993153ENUSEXTERNAL
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.
Our location in Abbott Park, IL, will in the near future have an opportunity for a Specialist, Global Compensation Administration. This is a pipeline requisition.
The right candidate for this role will be technically proficient and ready for a challenge. This role supports global compensation and provides technical expertise in the delivery of various Compensation programs.
WHAT YOU'LL DO
Provide recommendations on various pay actions (promotions, equities, bonus buyouts, etc.) utilizing survey sources, market references, internal equity, and other data as appropriate.
Make external job offer recommendations (i.e. Same Day Offer and hourly rate recommendations).
Complete survey submissions for annual and ad hoc salary surveys and utilizes results for the development of start rates, site wage proposals, salary structures and equity studies.
Provide compensation analysis and data management support for special projects including acquisitions and divestitures, large reorganizations, job leveling, job hierarchies, internal and external audits, new government-mandated changes, etc.
Provide input to enhance existing processes or to establish processes for new programs including documentation of compensation practices (knowledge articles, job aids, work instructions etc....) and provides training.
Performs User Acceptance and Regression testing, including creating test scripts.
Responsible for the administration and delivery of compensation programs that are aimed at attracting and retaining employee talent. Works primarily with line management, Business HR, Talent Acquisition, HR Service Center, Practice Center Consultants, and Project Managers to administer Abbott's pay programs.
Applies working knowledge of compensation and related human resources principles and requirements to support business needs. Recognized for expertise in a selected compensation discipline.
EDUCATION AND EXPERIENCE YOU'LL BRING
Associates Degree plus 1 year of relevant experience.
Bachelor's degree preferred and 2- 4 years in a compensation analyst role with experience in basic compensation functions including making salary recommendations, submitting to salary surveys and analyzing survey data, and market pricing.
Experience leading medium to large projects such as incentive plan administration and payouts, job leveling/hierarchy development, acquisition integration, and data audits.
Strong technical knowledge of Excel, required including development of spreadsheets with formulas, functions, pivot tables, and look ups.
Experience with Workday and Salesforce preferred.
Possess understanding of local laws and regulations to effectively support the delivery of Compensation programs.
Must be able to work in a fast-paced changing environment and able to seek guidance for decisions that may not be straightforward.
Able to handle sensitive HR information with high degree of confidentiality and discretion.
Must be detail oriented with strong analytical skills and be able to present analytical data in an easily understandable format.
Excellent interpersonal and organizational skills.
Excellent customer focus and ability to collaborate with key stakeholders, cross-functional teams and cultivate positive relationships.
Multilingual preferred, fluency in English is a must.
WHAT WE OFFER
At Abbott, you can have a good job that can grow into a great career. We offer:
Training and career development, with onboarding programs for new employees and tuition assistance
Financial security through competitive compensation, incentives and retirement plans
Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
Paid time off
401(k) retirement savings with a generous company match
The stability of a company with a record of strong financial performance and history of being actively involved in local communities
Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.