How Is Hr Recruitment And Practices Of Novellas Healthcare Company Responsible In The Pharmaceutical Industry?

Abstract Manpower are key assets to any business; they are vital to the internal business operations success and corporate effectiveness. Company’s employees represents the organization’s values and culture, which is primordial for its reputation. It is therefore important to invest in the right employees for the long-term success and quality of service of a company. Human resources (HR) recruitment and selection play a crucial role for company’ success. This case study assesses HR recruitment and practices of Novellas Healthcare firm; a mid-size consultancy company active in Healthcare and Pharmaceutical industry. A structured interview questionnaire combined with company’ website review and literature researchs, allowed us to gain an insight
Background of the study
1.2.1. Pharmaceutical industry The pharmaceutical sector represents an important part of life sciences industry, which was worth $1.15trillion in 2013. Pharma is a major contributor to healthcare (Deloitte, 2015, P.4). Pharmaceutical product sales were estimated at $ 857,800 million at ex-factory prices in 2012. Pharma industry is considered as one of high technologies major employer in Europe with 700,000 direct employees and 4 times more indirect employees in 2012. It is also considered to have a very high added value per person employed (EFPIA, European Federation of Pharmaceutical Industries and Associations, 2013). The pharmaceutical industry is evolving over the last decade into a very challenging environment, affected mainly by emerging markets like India and Brazil, increasing regulation pressure, population aging, patent expiry, low productivity and rising Research and Development (R&D) costs (Deloitte, 2015, P.4; Alice Till., 2015). In a race to decrease costs, the Pharma industry has undergone drastic changes including consolidation, mergers, acquisition and expansion affecting both large and small companies; resulting in plants closing, job and talent workforce losses (Alice Till.,
Recruitment is required to ensure the availability of a competent new recruit to be selected and integrated within an organization (Korsten A.D., 2003). When the group of recruited candidates is finalized, the selection process commences. Being a knowledge –based industry it is of high importance in the pharmaceutical industry to ensure that the new knowledge is acquired by the company and is maintained. Therefore, selection is more carefully considered to ensure that the new recruit possesses the requisite set of credentials, is the right fit for the organization and will be able to integrate well within the organization culture. The chances of a mutely long-term collaboration between new recruit and the company rely heavily on the success of final