Mundipharma, a healthcare company, embarked on an ambitious growth strategy over the last few years, expanding from a regional, single-product business to a global organisation with a diversified portfolio.
The company currently operates in over 40 markets with more than 3000 employees – up from their initial six markets and 750 employees. Singapore serves as their regional headquarters where a diverse team of regional and local HR staff sit.
Alongside a high-performance, dynamic, entrepreneurial and fun culture, the company achieved high growth through innovation, continuous improvement and constant learning.
Mundipharma’s culture is built on their core values:
- Accountability
- Empowerment
- Alignment
- Performance driven
The HR team is responsible for creating and implementing key elements to support their culture, including creating a robust performance and career framework, establishing a competitive compensation and benefits framework, and providing flexi-working options to attract and retain employees.
Their top talent and succession planning process is well established, with 90% of key leadership roles filled internally. As for their talent acquisition strategy, 88.5% of employees are sourced directly as well as through referrals. This significantly reduces their hiring costs while improving the quality of hires – evidenced by a low attrition rate of 2.6% in 2018.
The company’s HR systems have also been augmented using seamless and innovative technology – from a digitalised recruitment stage, to a state-of-the-art HRIS for all employee processes, as well as an integrated e-learning and talent management platform.