The pharmaceutical
industry being a knowledge-based industry, a key differentiator and a challenge
for an organization is how well it can attract, recruit, develop, motivate and
retain its people. With the changing global model, there is a strong need of a
new band of human resources that have a combination of managerial and technical
skills in the pharmaceutical sector. Human resources management has to develop
innovative strategies to face the challenge of acquisition and retention of
talent to sustain growth.