Compensation Administration Specialist

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 115,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and 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.
·  Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
·  An excellent retirement savings plan with 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 around the world 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 a 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.   

The Compensation Administration Specialist provides analytical support and process expertise for compensation programs and processes.  

What You’ll Work On

·  Performs US job evaluations using such methods as whole job slotting, point factor analysis, market pricing, etc. to assign jobs to grades as well as FLSA analysis; provides feedback/coaching to HR partners on the job evaluation/FLSA process. (30%)
·  Manages compensation software that stores job model matches to compensation survey market data. (30%)
·  Provides qualitative and quantitative analysis support for compensation programs and projects (e.g., US minimum wage audits, job family market competitiveness analysis, etc.). 20%
·  Performs project management of small to mid-size projects or support in larger projects to execute compensation programs/processes (e.g., salary structures, short-term incentives, etc.) 20%

Required Qualifications

·  A Bachelor’s degree in Business or related field or equivalent work experience is required.
·  2-4 years of analytics experience is required, preferably with HR or compensation focus. Advanced coursework in HR/Compensation may be substituted for previous work experience. 
·  High-level proficiency in Excel is required. 
·  Proactive, detail-oriented, collaborative, analytical, and adept at problem-solving, communicating, multitasking, and shifting priorities. 
·  Ability to follow and interpret established policies and guidelines under general supervision.
·  Ability to manage and maintain highly sensitive and confidential information.

Preferred Qualifications

·  Knowledge of CompAnalyst and Workday is preferred.
·  Demonstrated knowledge of human resource laws and policies. Strong knowledge of FLSA is preferred.   

* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.

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 and @AbbottGlobal.

     

The base pay for this position is
$57,300.00 – $114,700.00

In specific locations, the pay range may vary from the range posted.

     

JOB FAMILY:

Compensation & Benefits

     

DIVISION:

CHR Corporate Human Resources

        

LOCATION:

United States > Abbott Park : AP06B

     

ADDITIONAL LOCATIONS:

     

WORK SHIFT:

Standard

     

TRAVEL:

No

     

MEDICAL SURVEILLANCE:

No

     

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)

     
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

     
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

     
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf