ATLANTA, June 29, 2017 /PRNewswire/ -- Randstad Sourceright, one of the world's leading talent solution providers, today announced it has signed a strategic partnership with Johnson & Johnson to manage and accelerate the company's rapidly growing workforce in the Asia Pacific region.
Under the multi-million dollar Managed Services Provider (MSP) agreement, Randstad Sourceright will oversee the sourcing, hiring and management of Johnson & Johnson's contingent workforce in 12 countries and regions, establishing a competitive advantage to access the best talent in the region through a streamlined, efficient and flexible solution.
"Asia Pacific is one of the fastest-growing regions for Johnson & Johnson and we need the ability to scale quickly and capitalize on new market opportunities," said Jayesh Joshi, regional procurement director for Johnson & Johnson. "We are excited to be teaming-up with Randstad Sourceright. Our partnership across the region is a leap forward, and in line with our credo, will enable J&J to optimise our hiring practices, attract new pools of talent, improve supplier engagement and provide new opportunities in this dynamic and business critical area of supply."
Asia Pacific is expected to surpass the European Union as the world's second largest medical market by 2020 and the healthcare industry, overall, is expected to need an additional 12.9 million workers globally by 2035.1
During the three-year contract, Randstad Sourceright will manage several thousand temporary employees to work in a variety of Johnson & Johnson's sectors, including pharmaceutical, medical, consumer and vision. Randstad Sourceright will act as the contingent workforce lead partner in India, Singapore, Japan, mainland China, Malaysia, Hong Kong, Vietnam, Korea, Taiwan, Indonesia, Thailand and the Philippines.
"The diverse regulatory environment and talent shortage in Asia Pacific can act as a significant barrier to growth for some companies in the region," said Rebecca Henderson, CEO of Randstad Sourceright. "Johnson & Johnson has always taken an innovative approach to its hiring strategies and quickly recognized the value an MSP model can deliver in such a demanding hiring environment. We look forward to tapping into our extensive knowledge and experience in the Asia Pacific region to deliver upon Johnson & Johnson's ambitious hiring goals."
To learn more about Randstad Sourceright's MSP solutions, click here.
About Randstad Sourceright
Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies of some of the world's most successful employers. We help these companies discover and develop their "Human Intelligence Advantage" by quantifying the true impact of their talent strategies.
As an operating company of Randstad Holding ¡X a ?20.7 billion global provider of HR services ¡X Randstad Sourceright's subject matter experts and thought leaders around the world continuously build and evolve our solutions across recruitment process outsourcing (RPO), managed services programs (MSP) and integrated talent solutions. Read more at www.randstadsourceright.com.
About Johnson & Johnson
Caring for the world one person at a time inspires and unites the people of Johnson & Johnson. We embrace research and science ¡V bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 126,400 employees at more than 230 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
1 World Health Organization