When Established Companies Choose to Evolve for Modern Talent

Crystal Kadakia Posted by Crystal Kadakia, HR Consultant, Owner, Invati Consulting.


 A Window Into Abbott’s Professional Development Program How does a 128-year-old company attract young talent in a time-tested industry like healthcare? Abbott is a rare exampl....

 A Window Into Abbott’s Professional Development Program How does a 128-year-old company attract young talent in a time-tested industry like healthcare? Abbott is a rare example of a company in a traditional industry that continually invests in creating relevant, engaging culture. At a time when many are stuck debating “Why do we need to change?” or “Why bend to Millennial demands?”, Abbott focuses its energy on moving forward and evolving for today and tomorrow’s world. As a result, the company doesn’t share in the struggle to attract and retain Millennials, despite not being quite as well-known with younger audiences as companies such as Google. One ingredient in Abbott’s recipe is their two-year premier new hire Professional Development Program (PDP). Many of Abbott’s top leaders today are graduates of the PDP, which began more than 40 years ago. While the bare bones of the PDP haven’t changed, the structure facilitates intentional content evolution and inherently appeals to modern talent. Here’s how: Exclusivity. First, the company is selective in who becomes a PDP participant. It identifies 150 top college graduates, carefully recruited to potentially become future managers and leaders. Diversity. Second, the program is designed to appeal to today’s Millennial employee with […]