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HR Trends to Watch Out in the Pharma Industry

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As the Pharma industry evolves from relying on manual methods to advanced methods, here are the few emerging HR trends that are bound to increase. With a great advancement in the Pharma space, keeping pace with the needs of skilled manpower has never been greater. That’s why it is imperative to keep a track of the emerging trends in the Pharma industry.

Hiring made easy with HRMS software

The benefits of implementing HRMS software cannot be overstated. HRMS helps to reduce human intervention and speed hiring activities like sourcing resumes, selecting more relevant candidates, or even helps in onboarding and following up interviews and so much more. Thus, making the recruitment process incredibly faster and more efficient.

Rise of Robotics

The possibility of greater involvement of robotics in any industry cannot be emphasized enough. With robotics, Pharma leaders can eliminate redundant processes to achieve process efficiency.  However, its implication won’t hamper anyone’s jobs, rather it is to make the work easier and complement the business. This increase in robotics will surely give a surge to valuable skill sets of engineers who can get the smart work done by machinery and robotics considering the quality parameters.

Focus on Employee Branding

With the change in the industry dynamics, it’s becoming absolutely essential to maintain the brand repertoire. Employer branding and instilling a great work culture for employees have become crucial in a contemporary setting. In this context, fostering a great work environment by integrating the core elements of culture, engagement and performance management will be the key to attract the best talent. By implementing HRMS in your Pharma business, you can get one step closer to employer branding.

Emergence of Big Data and Analytics

More and more companies are realizing the power of HRMS when combined with business intelligence tool. Measuring metrics such as sales forecasting, inventory analysis, profit and loss analysis, quality analysis and 360 degree view of Pharma business will become easier with the help of analytics. The insights generated from the data will help companies gain an accurate understanding of the competitive market and how the business can serve their customers better.

Majority of companies ranked their ability to report, plan and analyze data more swiftly and conveniently after implementing a business intelligence suite with HRMS.

All the above trends point out the need for a holistic balance at the Pharma workplace. With these emerging trends knocking at the door, HR people will need to adjust their workplace and alter their ways to adapt to these changes.  The Pharma industry is full of new advancements and this industry embodies changes like no other industry. This makes it absolutely essential in the Pharma industry to accommodate changes and adjust it as per the changing business requirements.

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