Thursday, October 6, 2016

Pharma sector hiring expected to see 20% growth in 2016

Pharmaceutical and healthcare sector is likely to witness an over 20% growth in hiring this year and expected to generate around 1,34,000 jobs this year, says a report. The pharma and healthcare sector is looking at an "increase of over 20% in the hiring numbers compared to 2015.

India Skills Report 2016, a joint initiative of PeopleStrong, Wheebox in collaboration with Confederation of Indian Industry, LinkedIn and Association of Indian University (AIU). The survey was done among 150 employers and 5.2 lakh students in all sectors pan India during July to October 2015. 

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The sector is likely to create 1,34,000 number of jobs in this year", according to the India Skills Report 2016 said. Thus, hiring in India's pharmaceutical industry is picking up and set to firm up in the next quarter, the report added.

The pharma 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, the report said. This increase can be attributed to the initiatives by the government as good investment in the pharma, life science and healthcare sectors is showing a positive sign, it pointed out. Moreover, it said, 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, it pointed out. The 33.6% employers prefer to hire freshers and 32% will prefer 5 years of work experience candidates having skilled domain expertise in the age group of 22-25 years. 

Pharma Sector Hiring Expected to See 20% Growth in 2016: Report Warning Makes Things Safer With the incidence of extreme weather events on the rise, it is a sensible move to put in place systems that must be activated when such natural disaster events occur. These guidelines address the lapses and missteps that commonly occur, aggravating the suffering of those affected.

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