BENEFITS

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.

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.

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 2 years. Note: employees must be a member of an Abbott Pension Scheme.

All permanent 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.

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.

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.

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

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.

Our head office offers free gym facilities on site.

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.

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.

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

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.

We use objective assessment methods to define goals and evaluate performance and development potential. Abbott’s programmes are designed to differentiate and reward talent through individual merit awards, participation in incentive programmes and other recognition programmes.

Some of our recognition awards include:

• Chairman's Award
• President's Award
• Abbott Excellence Award or Divisional Award
• Long Service Award

The Abbott Pension Fund (Part of Abbott Life Flexible Benefits Programme) is a final salary contributory scheme, which is contracted out of the State Earnings Related Scheme (SERPS). The Abbott Pension Fund offers:

• Pension based on final pensionable earnings for each year of pensionable service
• Option to exchange part of the pension for a cash lump sum on retirement
• Death-in-service benefits of three times relevant earnings at the date of death
• Spouse's and children's pension
• Group income protection scheme
• Life assurance—three times annual salary

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.

As part of Abbott Life Flexible Benefits Programme, employees can take advantage of the childcare voucher scheme. As these vouchers are exempt from National Insurance Contributions, it can help take away some of the financial anxiety you may have regarding childcare.

All permanent 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, childcare vouchers, 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.