PwC reports high pay, attrition at Indian pharmas

Pharmaceutical companies in India boast the second-highest average salary per employee compared with other industries surveyed, trailing only consumer goods. And drugmakers spend more on training per employee than other industries.

Yet one-third of pharma employees resign within a year of starting work, according to the PwC Saratoga India survey 2010 on human capital effectiveness. Researchers studied 37 companies across different industries. 

That's the highest attrition rate among cross-industry rookies. Perhaps pharma's laggard status in HR team size--finishing last among those surveyed--is a contributing factor.

Overall, the study places the pharma industry third in generating revenues and profits per employee, trailing engineering/manufacturing and consumer goods.

- here's the article

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