Recruitment in the Pharmaceutical Sector

Indias pharma sector is likely to grow three times to reach $55 billion in the coming five years. Currently, India is the largest supplier of medicine in the US, which will further increase the employment scenario in this sector. The coming year is considered as a boon for pharmaceutical recruitment consultants in India because many new job opportunities are likely to be created.

The pharma sector usually hires Pharmaceutical Chemists with masters or doctoral degree to carry out research for new medicines. The pharma sector is likely to generate over 1,34,000 jobs and witness an increase in over 20% in terms of hiring. The hiring scenario is picking up in the sector, which is likely to make the pharma consultants in India active for a long period.

Furthermore, the investments by the government in the pharma sector have shown positive signs. The sector has churned out rich talent pool of scientists, researchers, project manager and scientists, which has made it even more essential for pharmaceutical recruitment consultants to hire the best talent in the country.

Hiring technically knowledgeable people is essential because only such talents can bring in new innovations in the field of medicine. Therefore, the pharma consultants are becoming more knowledgeable about the different and important terms used in this sector. It will help them filter candidates and provide the best fit for a job opening.

With the booming recruitment in the pharma sector, pharmaceutical recruitment consultants need to tighten their belts and focus on delivering quality output. Furthermore, the industry doesn’t get candidates as quickly as other industries because of the technical nature of the field. Here are few bottlenecks witnessed by recruiting agencies.

Market Knowledge: Keep a track of the competition prevailing in the market. But, many companies fail to keep a track and miss out opportunities such as competitor’s redundancy, relocation, downsizing and drug failure. Such issues lead to an excellent opportunity to attract talent. Companies who miss out this opportunity miss a golden chance of hiring the best talent.

Experience of the candidate: Many times a job requires skillful and extremely experienced candidates. Due to the technical aspect of the pharma industry, not many eligible candidates are available. This makes the job tougher for pharmaceutical recruitment consultants.

Recruiters need to retain talent by offering career growth, mentorship, training and managerial engagement. Retaining talent is not as difficult as it seems, companies only need to enhance their communication to understand the employees. 

Why You Need a BFSI Recruitment Consultant ?

Hiring new employees is an extremely time consuming task and these cost increases when you make a bad hire. Hiring a BFSI recruitment consultants in India will help you save time and money in the long run. These agencies can increase the chances of getting the right employee for your company. Here are a few reasons why you need placement consultants.

Decreases turnover costs
An extremely poor performing employee consumes more than 17 percent of the managers time, which is equivalent to one wasted day per week. And, if you end up replacing the non-performing employee, you will end up spending more money on the training and recruitment of the new employees. The BFSI recruitment consultants in India will help you reduce the turnover cost by weeding out ineligible candidates.

Save time by reducing the hiring process
The best placement consultants have a broad network and keeps a resume of thousands of skilled employees. On seeing your need, these agencies can provide candidates who are closer to your requirement. You will save time of wading through a series of unqualified candidates. Furthermore, great and deserving employees may never come across your job posting. With these agencies you can focus more on your core responsibilities.

Reduces training and hiring cost
Most of the BFSI recruitment consultants in India Perform a pre-evaluation and provides candidates with access to a variety of resources and training opportunities. Training is provided to hone their skills and make the candidates suitable for your job profile. 

BFSI Sector to Outsource Recruitment

Massive requirements at the junior and mid-level in the BFSI sector will lead to rise in number of BFSI recruitment consultants in India in the coming years. Furthermore, according to a survey more than 70% of the employers are likely to outsource their hiring to different placement consultants in the next five years.

Today, these consultants are offering services to both national and international companies and helping employees land in a dream job in the banking sector. Even at the international level, many companies prefer BFSI recruitment consultants in India because of low cost competitive services and pricing.

Furthermore, according to a report by recruitment specialist firm Michael Page, the Indian BFSI sector is finding it difficult to restore and retain competitive employees. This will further increase the demand of skilled manpower in the BFSI sector, which will increase the work of many placement consultants.

Today, finance professionals with less than 10 years of work experience are in high demand as these jobs require a strong background in mathematics, statistics and finance. However, there is a shortage of employees in niche roles such as taxation and compliance.

With these gaps and budding requirement, most organizations are expected to outsource their recruitment to different BFSI recruitment consultants in India. The recruitment agencies reduce the time of hiring and let the HR managers focus on their core responsibilities.

Given the emerging economy of India, there is likely to be a big churn in the BFSI sector. The recruitment agencies are likely to boom in the coming years. 

Get Placed In The Top Most Companies With The Reputed Pharma Consultants In India

Getting a job can be really difficult if you do not have an edge over the other applicants. It is mainly because of the huge number of students who have multiple degrees and the required skill to work in the industry. Due to the abundance of groomed, educated and highly skilled people in the market, it is very important to make sure that you keep yourself ahead of your competitors by enlisting the help of the recruitment agencies. A recruitment agency has a team of professionals who are working day and night to ensure that people get placed in the industry of their choice within the shortest period of time.

The Numerous Vacancies

It is the job of the recruitment team to keep an account of the vacancies in the different industries so that they can offer jobs to the maximum number of people. Not only this the team also makes sure that each and every company is reputed and offers a fair amount of salary. So you can be assured that all the job offers that you will find with these people will match your industry as well as salary requirements. But if you want the best services from the agency it is recommended that you give all relevant academic details and explain your goals to the team of recruiters during your first visit.

The Additional Services

There are many such consultancies that will not only provide you with lucrative job offers but will also groom you professionally for each and every stage of an interview. So if you are looking for such additional services then you need to browse the internet and contact the agencies before availing their services. Not all agencies will offer you such grooming facilities or a professional training session before your interviews. This is why it is always recommended by the recruitment experts to compare the services offered by the agencies along with their rates before choosing one for yourself.

Industry Specific Agencies

Once you find the agency that has the ability to cater to all your requirements, you need to focus on the industry where you wish to work. There are so many industries that it is not possible for a recruitment agency to be involved with all of them. This is why most agencies specialize in a particular industry or some selected industries like banking, pharmaceutical and information technology. So if you are looking for Pharma Consultants in India then you will have to contact the agencies that specialize in the pharmaceutical industry.

About The Placement

There is a rising demand for skilled employees in the pharmaceutical industry. In case you have an academic background or work experience in this industry then these recruitment agencies can help you to get a better job opportunity in this field. Not only a high salary these agencies also ensure that the applicants get placed in the top companies. Working with the top business enterprises is very important if you want to build a bright career in the industry. So if you are opting for the reputed agencies then you can be assured that you will be placed only at the most reputed companies which will be very helpful for your future. Fly Square Solution is Famous Top Consultants in India.