Healthcare & Pharma
Rise In Demand
Dip In Hiring
Attrition In India
Enabling pharma and healthcare organizations to tackle the market dynamics and the changing talent expectations
Growth in the Indian Pharmaceutical Industry
According to Pricewaterhouse Cooper’s report, India‘s Pharmaceutical sector is estimated to touch US$ 74 billion in sales by 2020, from the current US$ 11 billion. GoI plans to set up a US$ 640 million venture capital fund to boost drug discovery and strengthen pharmaceutical infrastructure.
India contributes the second-largest share of pharmaceutical and biotech workforce in the world. Indian drugs are exported to more than 200 countries in the world, with the US as the key market. The Indian Pharmaceutical industry is one of the most attractive investment destinations in the world given its increasing returns, lower risks, and anticipated growth.
Increased investment opportunities are relentlessly pushing organizations to drive revenue growth now, more than ever. The right mix of talent and technology will be needed to meet the new set of challenges. In spite of global attention, human resource management is still not perceived as the game-changer that can contribute to the growth of pharmaceuticals.
The Future of HCM for Healthcare & Pharma
With the increasing need for specialization and better regulatory compliance, Healthcare and Pharma companies are looking to revamp their HR departments to fortify the building blocks of their organizations. ZingHR HCM Cloud platform continues to empower the HR operations of major healthcare & pharmaceutical companies, across the globe. Its multi-tenant architecture and HR best practice solutions have helped companies drive growth and avail amazing benefits.
Evolving market dynamics