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HR Issues and Challenges in Pharmaceuticals with special reference to India

Author

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  • Mishra SOVANJEET

    () (Great Lakes Institute of Management, Chennai, India)

Abstract

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.

Suggested Citation

  • Mishra SOVANJEET, 2014. "HR Issues and Challenges in Pharmaceuticals with special reference to India," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(4), pages 423-430, October.
  • Handle: RePEc:rom:rmcimn:v:15:y:2014:i:4:p:423-430
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    Keywords

    Human Resource Management; Talent Management; Changing Talent Expectation; Gender Inequality; Stress at workplace.;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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