Singapore 1 September, 2016: Singapore-based pharmaceuticals company, Mundipharma, has been named Best Employer Singapore by AON Hewitt, a global leader in human resource solutions.
First awarded in Asia in 2001, AON Hewitt’s Best Employer Global Awards programme recognises companies that create competitive advantage through investment in people-focused initiatives that realise the potential of employees.
Mundipharma’s comprehensive entry highlighted its focus on building a cohesive employer brand, talent recognition and incorporating diversity as key factors underpinning its strong business performance and recognition as a best place to work.
“To grow your business you must first create a high-performance culture and nurturing environment where your people can grow,” said Raman Singh, President of Mundipharma Asia Pacific, Latin America the Middle East and Africa. “Our focus on creating a strong employer brand continues to contribute to our bottom line as we build a business people want to join, partner with and do business with.”
“We invest in our people and employer brand as a smart and effective business strategy not for awards,” said Mr Singh. “However, awards like this serve an important purpose in benchmarking best practice, acknowledging performance and shaping strategies for our next phase of growth,” he added.
Mundipharma’s investment in its employer brand has driven an array of positive metrics: Our employees are proud of working with us and this is demonstrated in the high employee referral rates: 71% of hires come via direct sourcing or employee referrals, up from 44% in 2015.
- Against the market attrition rate of 18-20%, our voluntary regretted attrition is down from 22% in 2014 to 14.5% in 2015 and YTD 2016 is 6%.
- Correspondingly, employee tenure has increased by 20%. Our employees believe in our vision, want to stay to deliver high performance and turn this vision to reality.
- 30% of the executive roles in Singapore were filled via internal promotions.
- The proportion of employees exceeding performance expectations has increased from 33% in 2013 to 53% in 2015, which demonstrates a significant increase in the proportion of employees going above and beyond.
- Mundipharma’s workforce is 63% female, including a 55% ratio among leadership.
- 19 different nationalities are represented at the Singapore office.
- 100% participation in wellness programmes with 75% of employees crediting the programme for improvements in quality of life, while medical leave and hospital claims have reduced
The Aon Hewitt Best Employers programme is the most comprehensive study of its kind in Asia Pacific, spanning 12 countries: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Australia and New Zealand. The study’s research methodology involves a rigorous process, conducted over a nine-month period that culminates in a solid, credible list of Best Employers.
Vikas Verma, Performance & Talent Practice Leader – Singapore, Aon Hewitt said, “We congratulate Mundipharma on being recognised as an Aon Best Employer – Singapore 2016. Having conducted the Aon Best Employers programme since 2001, it was enlightening for us to observe the exceptional standards Mundipharma achieved in employee engagement, performance culture, employer brand, and especially, effective leadership. Mundipharma also displayed mature HR practices, such as promoting growth in organisational competencies, learning & development, as well as high potential development.
About Aon Hewitt
Aon Hewitt empowers organizations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organizational and personal performance and growth, navigate retirement risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness. Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide. For more information on Aon Hewitt, please visit www.aonhewitt.com.
Mundipharma’s independent associated companies are privately owned entities covering the world’s pharmaceutical markets. Mundipharma is a prime example of a company that consistently delivers high quality medicines while standing by the values that represent the company. Our mission is to alleviate the suffering of patients and to substantially improve their quality of life. Mundipharma is dedicated to bringing to patients with severe and debilitating diseases the benefit of novel treatment options in fields such as pain, oncology, ophthalmology, respiratory disease, oncology supportive care and antiseptics.