Pharma sector to create around 134,000 number of jobs in 2016: India Skills Report 2016
The India Skills Report 2016, a joint
initiative of PeopleStrong, a multi-process HR outsourcing, recruitment process
outsourcing and HR technology company; Wheebox, a global talent assessment company,
in collaboration with Confederation of Indian Industry (CII), LinkedIn and
Association of Indian University (AIU), has forecast an overall increase of
14.5 per cent in the hiring intent from the current year to the next year.
The pharma and healthcare sector has seen
maximum hiring with an increase of over 20 per cent in the hiring numbers as
compared to last year which was 7.2 per cent. The sector will create 134,000
number of jobs this year. Thus, hiring in India’s pharmaceutical industry is picking
up and set to firm up in the next quarter.
The industry currently employs about 5.5-5.7
lakh people and has contributed significantly in creating a rich talent pool of
researchers, scientists, doctors and project managers. This increase can be
attributed to the initiatives by Govt of India as well investment in the
pharma, life science and healthcare sectors is showing a positive sign.
Moreover, Indian pharma industry is likely to be in the top 10 global markets
in value terms by 2020.
The maximum hiring in pharma and healthcare
will be seen in Karnataka, Kerala and Tamil Nadu with employers preferring to
hire B. Pharma and M. Pharma respectively. The employers prefer to hire
freshers (33.6 per cent) and 5 years work experience candidates (32 per cent)
having skilled domain expertise in the age group of 22-25 years. The need of
skilled manpower in the pharmaceutical industry ranges widely from R&D,
Quality Assurance (QA), Intellectual Property (IP), manufacturing to even sales
and marketing. What the pharma industry needs is to have better policies to
retain and nurture the existing talent and equip them with necessary skills.
However, this sector is emerging as a popular choice amongst Gen Y, since the
nature of work, primarily treating patients and research for new drug
discoveries plays an integral role in meeting their key career aspirations.
The sector still prefers to look for
candidates through job portals (25 per cent) and HR consultants (18.75 per
cent). In comparison to last year sourcing of candidates has slightly decreased
through job portals 22 per cent and consultants 15 per cent.
Source: http://www.pharmabiz.com/NewsDetails.aspx?aid=93362&sid=2
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