Human Resource Analysis of Pfizer

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Pfizer HR Analysis Introduction International Talent Literature has recognized the scarcity of talent faced by organizations making them realize the importance of existing staff retention [ (Deb T. , 2009) ]. Human Resources are predominant among the assets used for business development in an organization [ (Flamholtz, 1999) ]. Coming to the pharmaceutical industry, the industry is considered as highly innovative industry where knowledgeable, talented and skilled people are required to cope with the industry requirements [ (Garrett, 2008) ]. This is why the industry have been facing issues in the form of shortage of talent all over the world and global pharmaceutical companies are confronting concerns with regard to successfully inviting and engaging capable staff [ (Majumdar, 2009) ]. Not only issues regarding placements, the pharmaceutical companies also have to deal with succession planning challenges and should come up with mechanism for this in order to manage the adverse effects of scarcity of talent and skills over the organization [ (Russell Reynolds Associates, 2013) ]. Employees turn to other jobs in hope for greater rewards, learning and skills enhancement and more suitable working environments, while many times they are tricked and misled for these things [ (Dibble, 1999) ]. Pharmaceutical and healthcare organizations also have to look after their employees though putting on attractions to keep them satisfied with their work and that the employees trust them. In addition to competitive financial benefits, pharmaceutical organizations provide their employees with perks in the form of subsidized food and transportation, company accommodation, social networking facilities, insurance arrangements, flexible work timings, employee stock options and increments to financial rewards based upon their performance, in order to keep the staff motivated and
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