Try GOLD - Free
Flocking To The Life Sciences
Human Capital
|February 2019
The pharmaceutical industry is hungry for talent from other sectors as it attempts to fast-track growth in an increasingly competitive market.
Hiring the best talent has become crucial in the healthcare sector today, and cross talent hiring is emerging as a new trend in this sector. An amalgamation of talent from diversified sectors brings a good ideation mix and facilitates a change in the functioning and thinking process of all teams. This is a trend sweeping the pharmaceutical industry, which is hungry for talent from other sectors as it attempts to fast-track growth in an increasingly competitive market.
A regulated industry
While skill sets are transferable in support functions like HR, Finance, and IT, owing to the highly regulated nature of the pharmaceutical industry, this is not the case in the Engineering and Manufacturing functions. Challenge - and the scope for innovation - is precisely the reason for companies exploring fresh talent and professionals looking forward to try out new ideas.
This story is from the February 2019 edition of Human Capital.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Human Capital
Human Capital
Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
5 mins
January 2017
Human Capital
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
5 mins
January 2017
Human Capital
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
9 mins
May 2018
Human Capital
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
6 mins
May 2018
Human Capital
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
3 mins
May 2018
Human Capital
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
2 mins
May 2018
Human Capital
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
4 mins
November 2017
Human Capital
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
4 mins
November 2017
Human Capital
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
2 mins
November 2017
Human Capital
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
9 mins
November 2017
Translate
Change font size