Mundipharma is a part of HRD Asia's Top HR Teams 2018
Industry: Pharmaceuticals
Areas of excellence: Career development, recruitment
Dedicated to the noble cause of helping to alleviate suffering and improving quality of life, the Mundipharma team continues to work tirelessly to achieve its ambitious growth plan. Having grown exponentially from a six-market business to a 39-market business in a short time, the company shows no sign of slowing down as it sets its sights on hitting an ambitious target revenue by 2018. That it was able to rack up these numbers is a testament to Mundipharma’s excellent organisational culture, characterised by entrepreneurship, dynamism, and a strong emphasis on performance.
The various initiatives introduced by the HR team have included a robust performance and career framework and a competitive and properly aligned compensation and benefits framework. The team also rolled out a comprehensive suite of management and leadership development programs in line with the defined career framework, while looking after the development needs of all employees at various career points.
The team also channelled its efforts into streamlining the recruitment process, with 80% of employees sourced either directly or through employee referrals, which significantly reduced hiring costs. A digital interview process, HireVue, was added, allowing candidates to answer a preset series of questions and submit a video application. These are then simultaneously reviewed by HR and hiring managers, allowing them to compare notes and save time on recruitment.
To further improve employee engagement, the team implemented flexi-work options and added a two-day leave provision per year for employees to participate in volunteer work within their local communities. This year, the team also introduced the AIA vitality program to further promote employee wellness.
