Pharmaceutical Sector Employer
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Pharmaceutical Sector Employer Rankings

The booming Indian economy cannot be separated from the tremendous growth being witnessed in the Indian pharmaceuticals industry. India stands at the 4th position in terms of volume (8% of world's production), 13th in terms of value, and 17th in terms of pharmaceutical export value in the global pharmaceutical industry. The present worth of Indian pharmaceutical industry is estimated to be US$ 8 billion, with a CAGR of around 9 percent. The Indian pharmaceuticals industry as well the market is highly fragmented with only 300 companies being in the organised sector.

The contract research in the Indian pharmaceuticals sector emerged as a strong industry driver, with a growth rate of around 25
percent. If this pace of growth continues, experts predict contract research to grow and become a separate industry in itself worth $1 billion (estimated approx value) by the year 2010. Indian pharmaceutical industry currently holds the first position and is the most preferred destination in the world to outsource manufacturing of drugs.

Although highly fragmented, Indian pharma industry offers the advantages of highly regulated, standardized and quality driven processes and products, low cost-competitiveness, the best talent pools of the R&D experts and scientists and a strong manufacturing base. One of the major threats faced by the industry is the availability and spread of fake or spurious drugs in the market. Indian pharmaceutical industry is expected to reach the value of US$ 12 billion by the year 2010.

Employment in the Indian Pharmaceutical industry
Pharmaceutical industry currently employs more than three million people. In states like Karnataka and Gujarat, pharma industry employs the largest number of people in India. The industry offers great employment opportunities or research and other skilled workers due to the factors like increasing pharma companies coming to India, increasing outsourcing from India. The concept of pharma retail chains that has gained momentum in the recent years has also created numerous employment opportunities in the sector.

Attrition and Compensation
The pharma sector is facing a high attrition rate and severe dearth in the scientific R&D segment. The attrition rate in the pharma sector ranges from 30 to 40 per cent at the field level and 8 to 10 per cent at the managerial level. The compensation range at various levels in the pharmaceuticals industry, which were earlier not considered to be at par with the other average standards in other sectors, has witnessed a great change in the past couple of years. Now, the companies are attracting talent by offering high packages along with incentives and other schemes like ESOPs. The sector has registered an average hike from 12 to 15 percent in the salaries across all levels. The salary in the sector is becoming more and more volatile.

The key players in the Indian pharmaceutical industry like Ranbaxy, Dr. Reddy’s Laboratories, Glaxo SmithKline, Cipla Limited, Cadila, Aventis pharma, Novartis have registered a global presence.

The Best-Workplaces is the endeavor of Naukrihub which ranks the ten companies in the pharmaceutical sector ranking attempts to rank companies on basis of various HR practices, procedures and policies prevalent in the particular pharma companies in the industry. Ten companies are selected on random basis (including some of the top players in the pharmaceutical sector) and ranked on various HR parameters like recruitment practices, compensation policies, work culture, performance appraisals, training and development, attrition and retention, flexible work timings, et al. The scores are consolidated on the basis of data collected through recent surveys and studies by renowned names like Business Today, Hewitt, IDC Data Quest, NASSCOM and our own study of the organisations.