Talent attraction & retention
Strategic focus areaGreat place to work
Change in risk profileNo change
Change in opportunity profileIncrease
The attraction and retention of skilled people are important factors in enabling Umicore to fulfil its strategic ambitions and to build further expertise, knowledge and capabilities in the business. Being unable to do so would compromise our ability to deliver on our goals.
Horizon 2020 is predicated on disproportionate growth for Umicore in Asia – a region characterized by highly competitive and fluid labor markets. Umicore’s challenge is to attract and retain talent in the region on a sufficient scale and at an appropriate pace.
Change in context
Our expansion, combined with competitive labor markets, has increased our recruitment needs.
Measures taken by umicore
We continued to successfully recruit and retain employees in 2019, building on the strengths of our global employer brand. To bring on a large number of new talented people Umicore focused on an improved candidate experience, an expanded onboarding approach and the implementation of retention measures.
To attract employees, we participate in job fairs, in campus events at universities and use professional recruitment and social media channels. We address retention, especially challenging in Asia, with initiatives to improve the well-being of our employees, by assessing and improving our positioning of compensation and benefits and by offering learning & development opportunities for our employees.
We also ensure leadership development and give special attention to the development of identified top talent through different initiatives and are very well positioned in terms of employee engagement and empowerment.