What it Does: Philips is a technology company that delivers diversified products in health care, home care, and many innovative products and services, whether in a hospital room, living room, or bedroom. The company works hard to create a healthier future and meet the needs of the common man.
Mission: Philips is driven by a strong desire to meet the needs of healthcare and other services to improve people's health and well-being through meaningful innovation. They hope to have an impact on the lives of 2.5 million people by 2030, including 400 million in underserved communities.
Size and Presence: The company holds a global footprint. It has more than 37,000 employees, working in 100 countries, with a wide range of products based on the needs of the region and customer demand.
Best Known For: The Philips company is best known for its health care equipment, which is used in hospitals globally. It provides solutions to several health issues through its innovative products. The company is also well known for its home care products, starting from a small bulb in a room to large electrical and electronic equipment.
The Good Bits: Being a company in the health sector, its care towards its employees is good. It has a good work-life balance. The company provides many health care programmes for its employees to maintain their emotional, physical, and financial health, and to lead a peaceful work life.
The Not So Good Bits: Fewer promotions and awards.
Philips & Co was founded in the year 1891 in Eindhoven, the Netherlands, by Frederik Philips and his son, Gerard. Soon, through the interest of his son in engineering science, they both developed a bold but timely plan that is cost-effective and reliable for electric incandescent light bulbs. In the early 1900s, their business began to expand to the point where they could hire about 2,000 employees for the company. Gerard and his brother Anton invested in providing housing, healthcare, and sports, inculcating a culture of social responsibility that continues to this day.
The first Philips research laboratory, known as "Philips Nat Lab," was set up in the year 1914, which led to the innovation of products. Dr Gilles Holst had an aspiration for research, while its breakthroughs in X-ray tubes ultimately marked the origin of Philips' involvement in health technology. During the 1920s, it became a leader in designing products. From 1930 till today, over some 130 years, the company has excelled in its innovation and become a world leader in health care.
Life at Philips is always looking at the possibilities and seizing the right opportunities. The dynamic culture in this company helps to develop its employees' collaborative skills while working together as teams. Philips offers a challenging environment to work with each other by providing them with challenging and satisfying work, inspiring colleagues, multidisciplinary teams, and extensive learning programs. Philips offers unlimited growth and career opportunities for women with a transparent, diverse, and inclusive culture.
The company helps its employees to develop and grow in their careers in any field, like marketing, finance, design, product management, or any other field they work in. Every employee in the company is valued for their creativity and innovative skills. The opportunities for personal growth include training, e-learning, coaching, reverse mentoring, and access to groundbreaking research and partnerships with external start-ups. They offer practical, hands-on internships in research, engineering, software, business, finance, and supply chain management throughout the year.
The openings at Philips are listed on their career site, which can be viewed on the job search page. There are six steps to apply on their site.
For a fresher’s placement in Philips India, the vacancy would be subjected to a written test, a telephone interview, a technical interview, and an HR interview. Candidates would be tested for their analytical skills, reasoning skills, English, and technical skills.
The average annual salary for a fresh graduate at Philips is INR 360,000 per annum.
The company and its subsidiaries are located in different parts of the country. The policy on corporate social responsibility is broadly framed by taking into account the following measures:
Furthermore, the CSR policy shall apply to the company, its employees, and the implementing agencies involved in any CSR activity/project. The company supports initiatives that help reduce child mortality; it also provides healthcare and related intervention support during and after disasters, diseases, etc. It also provides a skill development program in beauty and wellness to support and promote women's empowerment.