Support our nonpartisan, nonprofit research and insights that help leaders address societal challenges.Donate
Bayer AG launched a new human resources operating model in 2020 as part of a wider business transformation of the German-owned life sciences company.
With over 100,000 employees in nearly 400 companies in 87 countries, “Bayer 2022” mandates every part of the business to accelerate profitable growth through innovation, portfolio management, and operational efficiencies. The goal is to achieve €2.6 billion in cost savings by 2022 and to invest over €30 billion in Bayer’s future, with more than two-thirds of that channeled into research and development. To help the business divisions achieve accelerated growth, each of Bayer’s “enabling” functions, which include HR, have been tasked with creating an organization and infrastructure that delivers effective support at a sustainable level of investment.
This publication is exclusive to members of The Conference Board.
For information about membership click here.