‘Niche expertise and closed networks keep everybody else out in Pharma’

Although the Indian Pharma industry has not been affected by the global economic situation, several sub-sectors within this industry are faced with some tough times leading to interesting trends. Kanchana Dwarakanath of TimesJobs.com in conversation with Rahul Nene, Partner, DEININGER Management Consultants Pvt. Ltd
What is the current HR scenario in the Pharma segment?
The Pharma segment has been by and large protected from the global economic scenario. Maintenance based by way of natural attrition still continues in this segment.  Healthy growth by top ten pharma firms (their market capitalization increased year on year) indicates robust business needs, translating to stronger human capital needs.
The world’s top generic firms continue to consolidate by way of adding capacity in India. With these factors growth in jobs is expected across functions with sales being the leader at manager and entry level hiring.
- See more at: http://content.timesjobs.com/interview-of-the-day-niche-expertise-and-closed-networks-keep-everybody-else-out-in-pharma/?fromsite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-tj-whitelabel#sthash.g0TR2JDc.dpuf

‘Niche expertise and closed networks keep everybody else out in Pharma’

Although the Indian Pharma industry has not been affected by the global economic situation, several sub-sectors within this industry are faced with some tough times leading to interesting trends. Rahul Nene, Partner, DEININGER Management Consultants Pvt. Ltd

What is the current HR scenario in the Pharma segment?

The Pharma segment has been by and large protected from the global economic scenario. Maintenance based by way of natural attrition still continues in this segment.  Healthy growth by top ten pharma firms (their market capitalization increased year on year) indicates robust business needs, translating to stronger human capital needs.

The world’s top generic firms continue to consolidate by way of adding capacity in India. With these factors growth in jobs is expected across functions with sales being the leader at manager and entry level hiring.

However one sector which I believe has been impacted negatively is the hospital and healthcare segment primarily due to financial issues faced by them. The global economic gloom and doom has arrived at their footstep and the sudden mushrooming of medical tourism as a concept has led to supply exceeding demand, especially with respect to luxury hospitals. Hence hiring has been put off by several players, and workload for the existing employees has almost doubled.

Clinical research remains in a muddle due to the regulatory issue,and growth here seems to remain negative.

How has the global economic scenario affected these segments in the last six months?

Pharmaceutical sector remains insulated to short term economic indicators. However, funding options for research firms and R & D centers have reduced considerably leading to either merger of such ventures or even close downs.  This has had an impact on the HR scene, resulting in job loss or working on a single aspect of the project on a much smaller budget, which is a tough thing to do as expected short-time delivery/result projects tend to get priority.

What are the challenges faced at different levels of recruitment?

Overall hiring has been broadly impacted, although not to the extent that other industries have been facing. At different levels:

Fresher hiring is healthy although there is a big wide gap between theoretical learning and practical application.  In fact,I would say there is no focus yet on knowledge and understanding of concepts. Of course all of these do not apply at all to graduates from reputed institutes, but the problem is these form only about 0.1 % of the entry level employees.

The Mid segment continues to have demand. Compensation however is decide based on hands on experience than simply on the years of experience. The trend we have noticed is several moves have been circular with people coming back to their one time employees for jobs.

The effect on the C-level is by and large much less as compared to other industry sectors primarily because this industry segment is intrinsically conservative and niche.

The pharma segment has its own model of hiring. Has there been any impact of the tight market situation on it?

There are some key features of this industry that are impacting hiring. Although more so today. Top level connect with employees is much higher in this segment which sometimes acts as a deterrent for non-tech employees from entering this segment.

Also,firms in this sector have increased multiple-level engagements within as well with each other. Coupled with this factor is the fact that niche sectoral expertise keeps everybody else out.  Thus often even though there is a dire requirement for non-research/tech skill, the chances of these companies obtaining the best are rare

What is the current HR scenario in the Pharma segment?
The Pharma segment has been by and large protected from the global economic scenario. Maintenance based by way of natural attrition still continues in this segment.  Healthy growth by top ten pharma firms (their market capitalization increased year on year) indicates robust business needs, translating to stronger human capital needs.
The world’s top generic firms continue to consolidate by way of adding capacity in India. With these factors growth in jobs is expected across functions with sales being the leader at manager and entry level hiring.
However one sector which I believe has been impacted negatively is the hospital and healthcare segment primarily due to financial issues faced by them. The global economic gloom and doom has arrived at their footstep and the sudden mushrooming of medical tourism as a concept has led to supply exceeding demand, especially with respect to luxury hospitals. Hence hiring has been put off by several players, and workload for the existing employees has almost doubled.
Clinical research remains in a muddle due to the regulatory issue,and growth here seems to remain negative.
- See more at: http://content.timesjobs.com/interview-of-the-day-niche-expertise-and-closed-networks-keep-everybody-else-out-in-pharma/?fromsite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-tj-whitelabel#sthash.g0TR2JDc.dpuf

Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.