Abbott Compensation Administration Specialist in Abbott Park, Illinois

At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.

Core Job Responsibilities

  • Performs job evaluations using such methods as whole job slotting, point factor analysis, market pricing, etc. and FLSA analysis

  • Completes job matching/benchmarking and data reviews to support salary survey submissions

  • Conducts market pricing of new and existing jobs and reviews market data when survey results are updated.

  • Interprets survey data and performs analysis to ensure competitive positioning with market while adhering to company’s compensation philosophy

  • Performs qualitative and quantitative analysis of compensation programs

  • Support the design, administration, and communication of compensation programs, processes and policies (e.g., salary structures, short-term incentives, merit processing, etc.)

  • Performs user acceptance testing of Workday administered compensation programs and plans

  • Provides analytical support for projects

  • Coordinate and manage projects as assigned

Education and Skills Requirements:

  • A Bachelor’s degree in Business or related field or equivalent work experience is required.

  • 2-4 years analytics experience is required, preferably with compensation focus. Demonstrated knowledge of international compensation principles and best practices preferred.

  • Strong Microsoft Office skills are required. High-level proficiency in Excel is required. Experience with Microsoft Access is preferred. Knowledge of CompAnalyst is preferred

  • Self-starter with strong attention to detail, collaboration, problem solving/critical thinking, independent judgement, time management and communication skills

  • Demonstrated knowledge of human resource laws and policies. Strong knowledge of FLSA is required.

  • Ability to follow and interpret established policies and guidelines under general supervision

  • Ability to develop innovative approaches, execute responsibilities and resolve issues

  • Ability to manage and maintain highly sensitive and confidential information

An Equal Opportunity Employer

Abbot welcomes and encourages diversity in our workforce.

We provide reasonable accommodation to qualified individuals with disabilities.

To request accommodation, please call 224-667-4913 or email corpjat@abbott.com