Employee Learning & Development
- Fabiola Salcedo, Financial Professional Development Program analyst,
is one of 28 entry-level employees who rotate through a series of financial
positions across our company over a two-year period, as part of our commitment
to developing leaders. She meets with mentor Joe Kosinski, director of
Corporate Manufacturing and Customs and Trade Compliance, on a regular basis to
monitor her progress.
Our online mentoring program provides employees with one-on-one support as
they manage and develop their careers. More than 420 mentoring partnerships are
in place across the United States.
Ongoing employee learning and training are the keys to helping employees
realize their potential.
Training & Mentoring
Abbott offers training programs and resources for employees at all levels to
ensure they have the skills, tools, resources and mentoring support they need
to succeed. Our talent management process proactively manages succession
planning, and accelerates the development of key talent. Our senior leaders act
as mentors and sponsors, and help prepare the next generation of Abbott
leaders. Cross-divisional, global programs in Operations, R&D and
Sales/Marketing are led by Abbott senior management, helping prepare senior
leaders to compete for future roles.
This year, more than 5,000 leaders in the U.S. attended corporate-sponsored
leadership development programs. These programs, coupled with a robust
onboarding process and a newly launched Web site, help employees become
successful faster in their new roles. In 2008, we will introduce a
Director-level training program and an Experienced Manager Program focused on
critical skills in strategic thinking, change management and
communications.
"The Director Foundation course provided me an exceptional
opportunity to enhance my understanding of Abbott's businesses, its strategies
and values while honing key leadership skills such as strategic thinking,
executive presentations, coaching and team building. In addition, the course
provided a unique opportunity to interact with Abbott Senior Management in as
small group setting, as well as the opportunity to meet and build relationships
with my peers from a variety of Abbott's businesses and functions. For me, both
personally and professionally, it was a week well-spent."
—Julie Jansen, Director, Corporate Financial Planning and Analysis
PPG Management Fundamentals, an 18-month management program for frontline
managers, was launched to frontline leaders in the pharmaceutical products
division. The program, which focuses on enhancing managers' knowledge of the
business, as well as strengthening their coaching, interviewing, and
communication skills, was attended by 2,764 frontline managers in the US and
400 managers in Latin America.
Our Professional Development Programs allow employees to gain diverse
experiences by rotating through three or four assignments within the company,
including in international affiliates. These programs are an effective
leadership pipeline, with nearly a quarter of alumni going on to senior
leadership positions within Abbott. In 2008, Abbott hired 112 people through
these programs. Of these hires, 45 percent were women and 34 percent were
minorities.
In addition, we continued to enhance our online mentoring program, the use
of which has increased by 9 percent over the past two years. The number of our
online mentoring partnerships now exceeds 1,900.
Performance Excellence
We employ a company-wide talent management process that creates a strong
pipeline of leaders to sustain and expand the business. This process consists
of talent review meetings that take place at all levels of our organization,
with the reviews of executive positions by senior management, including our
Chairman and CEO and Board of Directors. Teams identify talent for current and
future leadership opportunities and the development needed to prepare these
employees for more senior positions.
All employees participate in our annual performance management process,
known as Performance Excellence. Employees work with their managers to assess
their ongoing performance, set new goals and objectives, and create career
development plans. This process helps employees integrate their work priorities
with the broader objectives of our organization, champion the business strategy
and understand management expectations.