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Abbott In Business Week's top 50 – again

Abbott has been named one of the '50 Best Places to Launch a Career' by Business Week magazine in the US

For the fourth consecutive year Abbott has been named one of the '50 Best Places to Launch a Career' by Business Week magazine in the US.

The list profiles companies that excel at offering a superior workplace for entry-level employees. This year, Abbott ranked at number 13 and was once again number-one healthcare company. Abbott has featured since the list began in 2006.

Stephen Fussell, senior vice president of Abbott's Human Resources said: "In today's economy, graduates are looking for companies that can offer long-lasting careers with strong growth and leadership opportunities. While other companies are significantly cutting back on hiring, we see the current economy as an extraordinary opportunity to continue to bring in the best entry-level talent, and to help connect new employees with their potential in ways no other company can."

Many entry-level employees participate in Abbott's Professional Development Programmes, which rotate new employees through several different positions across multiple divisions within the company every two to three years.

These programmes provide graduates with the opportunity to experience a variety of challenging assignments and develop well-rounded skills before they settle into a long-term career choice. Training and development are integral parts of the programme, and participants also have the opportunity to interact with, and be mentored by, senior Abbott leaders.

Pathik Soni, a participant on Abbott's Engineering Professional Development Programme, said: "I pursued a job at Abbott because I wanted to have the chance to do meaningful work. Right out of school, I feel like I have been able to make a strong contribution to projects that have helped improve people's health and are important to the company."

Business Week compiled its rankings by contacting 60 college career services directors across the country; collected data from a survey of 60,000 US undergrads; and required employers to submit statistics on everything from pay and benefits to training programmes and retention.

Abbott currently employs more than 72,000 worldwide.

8th September 2009

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