A STUDY ON THE EFFECTIVENESS OF TALENT MANAGEMENT STRATEGIES FOR EMPLOYEE RETENTION AT PHARMACEUTICAL INDUSTRY.
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A STUDY ON THE EFFECTIVENESS OF TALENT MANAGEMENT STRATEGIES FOR EMPLOYEE RETENTION AT PHARMACEUTICAL INDUSTRY.
Mr. Issac Daniel S (1), Dr. A. Elaiyaraja (2)
- II MBA Student, Panimalar Engineering College.
- Assistant Professor, Department of Master of Business Administration, Panimalar Engineering College.
Abstract
This study discusses the critical role of talent management and retention in the pharmaceutical industry. It underscores the sector's competitiveness and the necessity of attracting and retaining top talent. The industry faces challenges like growing competition and evolving employee expectations. Proposed strategies include comprehensive recruitment, competitive compensation, professional development, positive work culture, and technology-driven talent management. These strategies aim to enhance employee satisfaction, innovation, productivity, and long-term growth, ultimately boosting competitiveness in the industry.
Keywords: Talent management, Employee retention, Pharmaceutical industry, Competitive compensation, Professional development, Work culture, Technology-driven processes, Employee satisfaction.
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