HR Issues and Challenges in Pharmaceuticals with special reference to India
According to PricewaterhouseCoopers report India‘s Pharmaceutical sector is estimated to touch US$ 74 billion in sales by 2020, from the current US$ 11 billion. Now, India is among the top five pharmaceutical emerging markets. Despite rising attention on development of pharmaceutical sector in India, little attention has been paid to the role of human resource management which can serve as a vital factor for the growth of pharmaceuticals. At present there are several HR issues and challenges that are being experienced by the pharmaceutical sector. In this paper, I have analyzed several research data (i.e. collected and processed information by some other person or organizations) and case studies pertaining to pharmaceutical industry in India and found that talent management, rate of attrition, gender inequality, stress at workplace, and changing talent expectations are some of the key issues and challenges that are to be focused at. Different HR strategies should be framed to tackle this situation.
Volume (Year): 15 (2014)
Issue (Month): 4 (October)
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