Updated on 25 May 2012
Many companies revisited their human resource strategy in 2011 to enhance the quality of their manpower
At a time when multinational companies in bioscience industry are opting for job cuts, the lure of international markets is making companies in India and China strengthen the quality of their manpower base. Many companies in these two countries revisited their human resource strategy in 2011 to enhance the quality of their manpower to meet the quality of output that is required by the US and the European market. Some of them even had to modify their plans to erect knowledge-based manpower support and implement new initiatives.
China's pharmaceutical major Sinopharm built a strong team of 35,394 employees. To meet the development needs and support the implementation of strategic objectives, the company adopted professional management system and reorganized its current human resources.
The strategy of strengthening quality manpower is now an integrated part of the agenda of Asian life science companies, as is the development of new and innovative drugs. North China Pharmaceutical Company, one of the top pharmaceutical companies in China, has on board more than 300 experts and talented researchers, equipped with new drugs research, development and commercialization tools.
One of the ways to develop skilled human resource for the future is to train them during the budding stage, at the time when they are being imparted education. Yunnan Baiyo has made a structure for rapid and healthy development of human resources management mechanism in its organization. The company started developing a reserve talents team with the University of Hong Kong and also organized a Reserve Talents Training Camp.
China Pharmaceutical Group witnessed a challenging period in 2011. However, the company continued to exhibit its potential by building its human resources. As a new market initiative, the company is building its market in Eastern Europe, South America and South East Asia and is further enhancing its product portfolio to meet the demand. It, therefore, strengthened its team of 10,475 employees.