BENEFITS

OUR PROGRAM

SUPPORTING YOUR WELL-BEING

Our mission is to help people fulfill their potential through health, and that starts with you. To help our employees, we offer health programs, workplace flexibility and benefits, which include employee and retiree medical coverage, health and wellness programs, commuter benefits, childcare solutions, an innovative phased retirement program and many other world-class options.

INSURANCE

Accident Insurance

All employees travelling on company business, anywhere in the world, automatically receive business travel coverage of five times their base annual salary in the event of accidental death. Abbott Business Travel assurance provides peace of mind with a comprehensive emergency medical cover when travelling abroad.

Private Health Cover

As part of Abbott Life Flexible Benefits Programme, all permanent employees are eligible for free private health cover. Employees may cover family members at extra cost.

Group Income Protection

Abbott provides employees with at least five years’ service with income protection should they be ill or disabled for longer than 26 weeks. Employees whose claim is accepted receive 50% of their base salary for a period of up to 3 years. Note: employees must be a member of an Abbott Pension Scheme.

Life Assurance

All regular employees are immediately covered by 1 time their base salary on joining the company. Those who join a company pension scheme may receive a core cover of up to four times their base salary. Additionally employees can increase their coverage through Abbott Life.

EDUCATION AND ASSISTANCE

Employee Assistance Programme

We offer a free service for employees, their partners and immediate family members who need information or support. The service is confidential and is available 24 hours a day for any issues including childcare, personal and family, legal and financial assistance.

Clara Abbott Foundation

The Clara Abbott Foundation was established to provide financial and educational assistance to Abbott families around the world and is available to employees and retirees of Abbott or subsidiaries, as well as their spouses and dependent children.

Training and Development

We offer a wide range of quality training and development programmes.

Joint Consultative Forum

The forum offers staff the opportunity to raise issues and develop discussions around questions they may have. This forum is consulted on a wide range of business and workplace topics.

WORK-LIFE BENEFITS

Gym

Our head office offers free gym facilities on site.

Flexible Working

We are keen to adopt a flexible approach to work, whilst still meeting business needs. There is the possibility of starting earlier or later than normal working hours or home working for office-based employees.

Holidays

Employees working 37.5 hours per week are entitled to 25 days holiday per year in addition to 8 days to cover statutory/bank holidays. As part of Abbott Life Flexible Benefits Programme, employees can also buy or sell up to five days holiday each year.

Relocation

We are able to provide relocation assistance to eligible employees, however the level of assistance offered will depend on the individual's specific circumstances.

Subsidised Staff Restaurant

We provide a subsidised staff restaurant and barista coffee station at our main sites, providing you with a wide range of meals and refreshments options.

Reward and Recognition

Some of our recognition awards include:

FINANCE AND PENSION

Pension Scheme

The Abbott Retirement Saver pension Plan (Part of Abbott Life Flexible Benefits Programme) is a contributory pension with generous Company contribution of up to 12%. Pension plan provides to its members Company-paid life assurance equal to four times annual salary.

Share Ownership

Employees have the opportunity to acquire shares in Abbott through the Company Share Ownership Plan. Employees participating in the plan will benefit from the added bonus of free shares given to them by the company.

FLEXIBLE BENEFITS

Abbott Life

All regular employees are eligible to participate in Abbott Life, our flexible benefits programme. Abbott Life provides you with a degree of choice: annually you can enhance some of the core benefits provided by Abbott and select from a range of voluntary benefits to suit your circumstances. There is a wide selection of benefits you can select from including: holiday buy/sell, health and dental plans, life and critical illness assurances, gym membership, travel insurance, shopping vouchers. Abbott Life is also about on-going offers found through the online retail shopping and partnership with local and national providers.