India Pharma Sees High Employee Attrition, Talent Shortage
This article was originally published in PharmAsia News
Executive Summary
India's pharmaceutical industry has employee-attrition levels of about 30 percent, leading to staffing concerns among drug makers. Pfizer India Managing Director Kewal Handa says the attrition is due largely to poaching by companies from other industries such as financial institutions and insurance firms. Novartis Managing Director Ranjit Shahani said his company also had a shortage of talent, even at the middle levels of the firm. Novartis said its attrition rate is about 10 percent, and Pfizer says its is about 20 percent in India. (Click here for more