Philips won the 2023 "Top Employer in China" certification Focus on the localization of health technology and digital transformation

China, Shanghai—— Today, the 2023 "Top Employers in China" list was officially announced. Philips relies on its unique employee value proposition - "creating beauty, being true to ourselves, and welcoming transformation", as well as local business operations, talent development and Excellent performance in organizational culture construction and other aspects, won the "Outstanding Employer in China" for the second consecutive year. The list of China's top employers is initiated by the Top Employers Institute, a global authoritative professional organization that certifies excellent human resource practices. Dimensions are evaluated to discover benchmarking companies with excellent performance in human resource strategies and practices.

He Guowei, member of the Philips Global Executive Committee and President of Greater China, said: "Having been awarded the 'Top Employer of China' certification for two consecutive years is a high recognition of Philips' local talent strategy. Philips has always been committed to the local strategy of 'In China, for China' .We are increasing investment, further promoting local innovation, local manufacturing, and working closely with the local ecosystem, aiming to better serve the Chinese market with a faster speed, a more accurate perspective, and a more optimized way. China is To become one of Philips' important global innovation sources and value creation centers. Local talents will have a broader space for development here, including the integration of global vision and local insights, and the collision of health care and digitalization. We encourage employees to 'improve human beings' Inspired by the company's vision of health and well-being, realize the sustainable development of self-worth and social value."

China strategy drives local talent strategy

China is the second largest market of Philips in the world. Adhering to the strategy of "in China, for China", Philips is improving its functional layout in China, expanding its business footprint, and taking root in the local ecosystem in the "end-to-end" value chain from product R&D, manufacturing, market access, and services.

In the context of the "China Strategy", in 2022, Philips announced the establishment of "Philips Health Technology (China) Co., Ltd." Greater ability to innovate. This innovation organization covers the important innovation resources deployed by Philips in China, with more than 1,000 professionals, focusing on product innovation, development and experience design.

In addition, the company has also promoted the layout of the supply chain in China, especially in the professional field, and realized the "Made in China" of nearly all products, including high-end products representing the highest technical level and production process in the field of medical imaging today. Docking global resources, insight into local customer needs, and developing local platforms all provide more diverse perspectives and more development opportunities for the development of local talents.

Technological Innovation Drives Digital Transformation

In 2022, the company's digital transformation focusing on "health technology" is developing in a deeper direction. Technological innovation is related to whether the company has a steady stream of energy, quickly exports the most competitive products and solutions to the market, develops new business opportunities, creates the best experience and maximum value for customers, and finally wins the trust of customers and the market.

Innovation is in the DNA of Philips. The company invests a lot of resources in the development of technical talents and promotes technological change. Through the implementation of the "Technical Eagle Plan", the company has created a "customer-centric" "excellent technology" team - "Philips China Technical Community", and designed an integrated, collaborative and dynamic platform for all technical personnel. Develop platforms and innovate working mechanisms to empower them to better adapt to transformation, maximize their potential in technical positions, and achieve diversified career development goals.

The company not only creates a wealth of learning and practice opportunities for this technology community internally, but also gathers the participation of partners in various fields such as production, learning, research, medicine, and investment through the platform of "Philips China Developer Conference", and cooperates with Local ecosystem cooperation, through "open innovation", promotes the digital transformation of the company itself and the health technology industry, and helps technical talents gain a stronger sense of mission and belonging both inside and outside the company.

Value Proposition Stimulates the Core of Innovation

As a global health technology leader, Philips has always adhered to the "people-oriented" concept and is committed to improving human health and well-being through meaningful innovation. Relying on "values" to stimulate employees' innovation passion and innovation ability has always been a unique feature of Philips culture.

In 2022, Philips launched a brand-new employee value proposition - "Create beauty, be true to yourself, welcome transformation", strive to establish a more diverse and inclusive corporate culture, create a healthy, equal and open working atmosphere, and help employees collaborate efficiently, Collision of inspiration, relying on rich business portfolio and extensive business footprint, creates more opportunities and possibilities for employees to become compound talents.

Zhou Huijing, vice president of Philips Greater China and head of the human resources department, said: "Being awarded the 'Top Employer in China' for two consecutive years is both a recognition and an incentive for Philips. The employee value proposition of "me, welcome transformation" strives to create a healthy, diverse, inclusive, collaborative and developing "best workplace" for employees, attracts and retains like-minded talents, and realizes a win-win situation for personal development and healthy life. Committed to the company's vision of 'improving human health and well-being', Philips will become a more sustainable company in China."

In this top employer survey, Philips was highly rated in terms of workplace environment, employer brand building, and talent attraction. At the same time, Philips' performance in the dimensions of employee health and well-being, corporate diversity and inclusiveness, sustainable development, leadership building, and employee engagement is also very impressive, standing out among the participating companies.