Manager, Executive Compensation

Abbott; Illinois; On-site; USD 99,000 - 199,000; Full time

Benefits offered by this job

HIP health plan

Retirement plan

Tuition reimbursement

FreeU education

Job summary

Abbott Park, IL-based position Manager of Executive Compensation provides subject matter expertise for Abbott’s corporate officers. You will lead development, analysis and execution of executive compensation programs to attract, retain and reward senior leaders.

You’ll also prepare materials for the Compensation Committee, conduct data analysis and benchmark against peers, and advise senior leadership on policy and governance matters.

Qualifications

• Bachelor’s degree in HR, Business Administration, Economics, Finance or relevant field.
• 5+ years overall work experience in compensation or related field.
• Ability to work independently, manage priorities and timelines.
• Advanced skills with Microsoft Office and project management tools.
• Ability to work with teams and interact with stakeholders and senior management.
• Excellent organizational, time management, problem-solving and analytical skills.

Responsibilities

• Lead development, analysis and execution of executive compensation programs to attract, retain and reward Abbott’s senior leaders.
• Develop materials for the Compensation Committee meetings.
• Perform internal/external data analysis, interpret findings and present proposals to senior leadership.
• Benchmark executive compensation against industry and proxy peers and present findings clearly.
• Serve as SME on topics including grantor trust administration and officer appointments.
• Manage the administration of Abbott’s non-qualified deferred compensation plans.

Skills

Executive compensation

Data analysis

Communication

Project management

Stakeholder management

Education

Bachelor’s degree in HR, Business Administration, Economics, Finance or relevant field

Tools

Microsoft Office

Project management tools

Job description

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 122,000 colleagues serve people in more than 160 countries.

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to :

• Career development with an international company where you can grow the career you dream of.
• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Abbott Park, IL location in the CHR Corporate Human Resources division.

As the Manager of Executive Compensation, the incumbent will provide executive compensation subject matter expertise for Abbott’s corporate officers.

What You’ll Work On

• Lead the development, analysis and execution of executive compensation programs in order to support the Company’s objectives to attract, retain and reward Abbott’s senior most leaders.
• Responsible for the development of all materials for the Compensation Committee meetings.
• Perform internal/external data analysis, interpret findings, develop and present proposals/recommendations to senior leadership.
• Conduct ongoing competitive analysis of executive compensation and pay components by benchmarking against industry and proxy peers and present findings in a concise and constructive manner
• Serve as the subject matter expert on a variety of topics including but not limited to : grantor trust administration, officer appointments and retirements, proxy advisor modeling, officer goal setting/scoring and more
• Manage the administration of Abbott’s non-qualified deferred compensation plans

Required Qualifications

• Bachelor’s degree in HR, Business Administration, Economics, Finance or relevant field
• 5+ years overall work experience in a relevant field including, but not limited to : project/program management, executive compensation or broad-based compensation
• Demonstrated ability to work independently, manage priorities and project timelines, anticipate needs and determine next steps.
• Advanced skills with Microsoft Office and project management tools.
• Demonstrated ability to work through teams and interact at all organizational levels including key stakeholders and senior management.
• Demonstrated excellence in organizational and time management, problem-solving, influencing, communication, and analytical skills.

Preferred Qualifications

• Experience administering deferred compensation plans
• Master’s degree (or MBA) in HR, Project Management, or relevant field
• 3+ years Executive Compensation experience preferred
• Certified Compensation Professional (CCP) designation
• Experience administering compensation plans and market pricing/benchmarking
• Experience with large, global organization
• In-depth knowledge of rewards theory, trends, best practices, laws/regulations.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives : www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.

The base pay for this position is $99,300.00 – $198,700.00. In specific locations, the pay range may vary from the range posted.