Diversity Is Business For Us

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.

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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.