In a special interaction with People Matters, Elaine Lin Vice President, HRAPAC, Baxter International, Ravinder Dang, General Manager India, Baxter International, and Gautam Kumar, Director Human Resources Emerging Asia, Baxter International spill the beans on how Baxter differentiates on its Employee Value Proposition and why diversity is business and not a mandate for the organization.
What are some of the trends that are affecting and shaping talent acquisition in the med tech/ healthcare space? What TA practices is Baxter using?
Gautam Kumar: First and foremost, if you look at the global Med-Tech organizations, there is a war for cost efficiency which is getting exacerbated by the limited talent pool, especially in IT and R&D space. With this, talent play has become rigorous and also demanding in terms of hiring. This, in turn, is shaping many trends in the recruitment industry and one of the main impacts of this is on employer brand drivers that are becoming stringent. It is not about putting a brand statement or a value proposition out there anymore but about the niche experiences that employers create for employees. Another trend that is emerging is of organizations trying to strengthen their footprint in India while Indians aspiring to work for global organizations. That is the dichotomy which we are facing that has propelled discussions on how talent acquisition has to evolve in our industry. The other trend is that the Indian talent is looking to work in organizations that are tech heavy and have started looking at the life part of the work. So, these are a few trends that are shaping recruitment in the med tech/Healthcare industry.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
