Race for Talent

Why finding and retaining talent is business-critical, even in times of market uncertainty

The semiconductor market boomed over the last 18 months as demand for semiconductors skyrocketed, along with demand for technically skilled talent. Since mid-2021, Infineon has had 3,000 positions open globally while it continues to fill between 700 and 1,000 jobs per month. The talent market is becoming more and more complex. As the decision power truly shifts to applicants, we find ourselves in a race for talent, competing with other employers for the best talent. To help us get ready for the future, the HR-led taskforce race for talent has been in place since January 2022.

Finding and retaining the right people is business-critical. Even in times of uncertainty, this remains a priority.
Infineon is sticking to its long-term growth targets and we will only succeed with the right people on board. Now is the time to focus on structural topics, like attracting more graduates and further developing our USP as an employer.
And, of course, to prepare for new momentum in the race for talent.

Andreas Urschitz Chief Marketing Officer

In their own words

Finding and retaining talent is business-critical

In order to drive and support decarbonization and digitalization and – in the process – stop climate change from accelerating, we need to have the right people on board; people who are ambitious and looking to embrace responsibility. Even in times of uncertain market conditions, finding and retaining talent remains a priority. As we head towards the next fiscal year, inflation and rising interest rates, the impact of the war in Ukraine, and the COVID-19 crisis will affect our supply chains and the industry in general. Regardless of these developments, we are sticking to our long-term growth targets and we need the right people to achieve those targets. This commitment to our growth plans is very important for us as a company.

The race for talent taskforce plays the long game while focusing on quick wins

The main goal of the taskforce is to continuously improve our position as an employer in the challenging talent market. We want to achieve this by generating quick wins along the way, while also tackling larger structural issues which (1) aim to change the way we hire, (2) keep innovating the way we find talent, and (3) put a clear focus on measures to retain our talents. The taskforce is planned for 18 months until October 2023 and will follow a roadmap with 150 prioritized topics, including quick wins and larger structural topics. Three examples of major action items are:

  1. The task force is working on a proposal to increase the percentage of fresh graduate hires.
  2. As graduate hiring increases, we need to support the onboarding process.
  3. We are evaluating the need for an “employer value proposition” and employer branding messages that cascade from that proposition.

Additionally, we are continuously securing quick wins to improve our position as an employer. These include social media campaigns to help refugees fleeing the war in Ukraine find a job in Europe, a large awareness campaign across 19 locations around Munich, and career info sessions to increase transparency over career development opportunities within Infineon.

Supporting health & well-being

Infineon's semiconductor products and software solutions are the perfect match for smart health appliances as they meet the needs of digital healthcare devices. We support a health-conscious lifestyle by enabling smart devices that can help improve well-being and stay healthy longer by making them reliable, convenient, personalized - and secure. That's our contribution to a functioning healthcare system facing a rising global population and aging.

Good health increasingly means taking responsibility of our long-term preventive care rather than sporadically treating acute illnesses. It places great emphasis on enhancing well-being to prevent illness. And it recognizes the role of the home as an important factor in individual health improvement and, in the event of illness, care.

With technologies such as sensors, microcontrollers, actuators, connectivity modules, security solutions together with software, the IoT has great potential to prevent diseases and improve health. There are innumerable health wearables and fitness devices able to track key health markers, such as a user’s heart rate or breathing patterns, that may afford users greater awareness of their health and allow them to make pro-active decisions regarding their health and well-being. 

  1. United Nations Department of Economic and Social Affairs, Population Division (2022): World Population Prospects 2022: Summary of Results. UN DESA/POP/2022/TR/NO. 3.
  2. United Nations: Sustainable Development Goals; https://unric.org/en/sdg-3/

The race for talent is also an extremely important topic for us on the Works Council – it is the key to our long-term success as a company and thus to the job security of our people. This race is not just a matter of filling open positions with the best possible candidate as quickly as possible. Equally importantly, we need to engage and motivate the talents we have already won so we do not lose them to the competition. To achieve this, we need to offer interesting and meaningful work, transparent and realistic career paths, new work models, for example with extensive remote working options, and – last but not least – attractive remuneration. Besides, our ability to retain talent will hinge on suitable learning and further training opportunities. In addition, it will be important to offer suitable opportunities for further training and education. Here, centralized but also tailored local solutions should ideally be considered so we can build loyal bonds with satisfied employees over time.

Ronald Künemund General Works Council Chairman

What are smart health appliances?

Just a few years ago, digitalization in healthcare may sounded distant, but it is already in full swing now. Smart health appliances such as fitness tracker and smart watches can record and document data in real time. Important medical appointments can be set up digitally to help efficiently from any location. Decision-making and self-care behaviors are digitally supported and encouraged like never before. All of this enables patient engagement to support healthiness and well-being what will become increasingly important in the future.

Why it that?

We live in a world of rising population. The latest projections by the United Nations suggest, that the global population could grow to around 8.5 billion in 2030 and 9.7 billion in 2050. At the same time, life expectancy is increasing and will reach a global average of 77.2 years in 2050 (1)

This development presents us with challenges: Everybody wants to live healthy, vital, and as independently as possible into old age. According to the United Nations Sustainable Development Goal No. 3, for sustainable development it is imperative to ensure health and well-being across all ages(2). In order to achieve this and prevent a collapse of the healthcare system, the topics of preventive healthcare, self-care and well-being are becoming more important. A key factor in achieving this is digitalization and the Internet of Medical Things (IoMT), also called healthcare IoT.