ABBOTT LABORATORIES Specialist, Global Compensation Administration Salary in the United States

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 103,000 colleagues serve people in more than 160 countries.

Abbott’s HR Program Administration team is seeking a Global Compensation Administration Specialist. The right candidate for this role will be technically proficient and ready for a challenge. Candidates should exhibit growth potential while displaying solid skill sets.

This role supports global compensation and provides technical expertise in the delivery of various Compensation programs.

Primary Job Function

• 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, Global 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.
• 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.
• Good interpersonal and organizational skills.

Core Job Responsibilities

• Provides recommendations on various pay actions (promotions, equities, bonus buyouts, etc.) utilizing survey sources, market references, internal equity, and other data as appropriate.
• Makes external job offer recommendations (i.e. Same Day Offer and hourly rate recommendations).
• Completes 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.
• Performs equity studies.
• Manages the job description process.
• Administers annual compensation programs (salary planning, short-term incentive plans), utilizing Workday compensation module
• Provides 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.
• Provides 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.

Supervisory/ Management Responsibility

• Individual contributor.  No supervisory responsibilities.  Reports to Supervisor, Global Program Administration
• Guides the effort of less experienced specialists and analysts.

Position Accountability/ Scope

• Operates independently within own scope of responsibility under general supervision.
• Uses a consistent methodology to systematically gather and assess information; identifies multiple solutions and makes fact-based recommendations.  Generates innovative solutions in work situations.
• Executes against established timelines and priorities.  Provides updates of projects status and highlights issues.
• Contacts are generally with line management, Business HR, Talent Acquisition, Global HR Service Center, Practice Center Consultants, and Rewards Program/Project Manager.  Information is generally confidential and must be handled with discretion.
• Failure to achieve results or erroneous decisions or recommendations may cause adverse impact to schedules and projects/programs.
• No department budget responsibility.

Education, Experience/ Training Required

• Bachelor’s degree preferred plus 2- 4 years in a compensation analyst role OR in lieu of Bachelor's degree, 5 years experience in a compensation role.
• Experience in intermediate 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.
• Possess understanding of local laws and regulations to effectively support the delivery of Compensation programs.
• Multilingual preferred, fluency in English is a must.