HR Issues and Challenges in Pharmaceuticals with special reference to India

Mishra Sovanjeet ()
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Mishra Sovanjeet: Great Lakes Institute of Management, Chennai, India

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2014, vol. 15, issue 4, 423-430

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.

Keywords: Human Resource Management; Talent Management; Changing Talent Expectation; Gender Inequality; Stress at workplace. (search for similar items in EconPapers)
JEL-codes: L65 M12 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:15:y:2014:i:4:p:423-430

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