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More handpicked essays just for you.
How employee satisfaction links with job satisfaction
Employee motivation and satisfaction
Employee motivation and satisfaction
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The job market can be a confusing place when taken at face value, there are plenty of available jobs, but there are not many people to fill those jobs. How can unemployment be so high when there are so many jobs that are just waiting for someone to apply. The truth is that while the job market might seem like you can have any position you can think of, most people just aren’t qualified for them. There are many jobs that require little to no skill to obtain and usually do not provide enough money to live well from. The reality of the competitive job market is that companies seek out not only the best qualified individuals, but the ones who have proven ability in the field. To meet this need, companies have developed recruiting strategies to …show more content…
Previously, Pfizer, would determine what kind of talent they would need for the next 10 years and work to develop that talent from within its current workforce. Due to the highly competitive market, this strategy will no longer meet Pfizer’s needs. The evolution of small bio-tech companies that can produce new drugs much quicker than global giants like Pfizer, means the company must stay ahead by having more new drugs available for the market. The flexibility of the market, particularly how quickly it changes, has forced Pfizer to seek individuals who have multiple competencies. Retreating from their past practice of grooming, they allow for employees to blossom at what they are good at, creating a more flexible …show more content…
Pfizer also provides their Medical and Academic partnership grant, which rewards industrious employees with grants to pursue their own ideas or partner with medical professionals. Pfizer did have to implement cutbacks, 10 percent of their employees, but still receives a high job satisfaction rating of 73% from its employees. The opportunities provided are a big part of that
On the basis of these findings, I recommend that Johnson & Johnson is a considerable place for employment for someone who is seeking to be part of a pharmaceutical organization
Bolles begins by preparing the reader to know that the job market has changed, and that some new approaches and perspectives need to be utilized to be a successful job hunter. The author moves on to discuss how most employers are learning more
People continue to wonder if college is worth the time and money spent with numerous individuals still unemployed, a valid concern of young students. Despite the information the majority have heard about unemployment rates, this is not a valid argument. (Michael Greenstone and Adam Looney) notes, “In Apr. 2013 the unemployment rate for college graduates aged 25 and over with a bachelor’s degree was 3.6%, compared to 5.0% for associate’s degree holders, 7.5% for high school graduates, and 11.4% for high school drop-outs.” These statistics alone should put your mind at ease relieving concerns an individual may have in respects to finding a job in their field. Moreover, employers that can see someone’s passion toward the carrier they’re seeking will increases one’s chance of successfully finding
Researchers who work at Merck are also stakeholders who are affected by this decision. They could possible lose jobs if Merck does employ an open innovation strategy and finds it more successful than its current innovation strategy. However, it could also develop more for them to work with and create more success. Varying ideas may be brought which works well with current ideas set in motion my Merck researchers. With the help of external ideas, they may be able to improve or create new
Pfizer's primary weakness is its lack of drugs in its pipeline and its inability to have new drugs approved for use. The company does not have significant drugs coming through the development process, at least not that will be ready for the market in the next few years. This puts the company in a weak position as it struggles with drugs that are already facing competition from generic alternatives. The highly successful epilepsy drug Neurontin lost patent ...
10. Collis, David, and Troy Smith. "Strategy in the Twenty-First Century Pharmaceutical Industry:Merck&Co. and Pfizer Inc." Harvard Business School, 2007: 8-12.
Over the past few weeks I have been researching my interests, values, and goals. Throughout this research a lot of things that were already evident to me, were proven for a fact. My interests included researching different aspects of science and data analysis. Analysis has always been a big part of my life because I analyze everything. My values have been proven to be centered toward helping people and being around people. These interests and values are almost equivalent with what my goals in life have been over the past years. For the past few years I have wanted to become some type of pharmacist or physician. In this paper, I have researched what being a pharmacist and physician involves.
Pfizer Inc. is a large pharmaceutical company that engages in the discovery of new technologies, the manufacture of prescription and "over the counter" (OTC) medicines, as well as the marketing of such products. It operates in three distinct segments that include Human Health, Consumer Healthcare, and Animal Health. For fiscal year 2004, the company generated approximately $53 billion in revenue that contributed to over $11 billion in net income.(Pfizer, 2004)
...t have a job previously, creating a surplus of people needing a job. Meaning that the employers are willing to decrease demand, and make less people do more work.
We first began our analysis of Novartis by evaluating the company’s strategic direction. Novartis’ mission statement is to care and to cure. They are a company that wants to discover, develop, and successfully market innovative products to prevent and cure disease, to ease suffering, and to enhance the quality of life. Novartis also hopes to provide a shareholder return that reflects outstanding performance and to adequately reward those who invest their money, their time, and their ideas in their company. Like most companies in the industry, Novartis’ vision is to become the best pharmaceutical company through the achievement of sustainable and profitable growth. Novartis has a performance oriented culture and top down leadership style. By having a performance oriented culture the business pushes creativity and free thinking while focusing ...
The company shows a flat organization in which there are few layers of management but has broad span of control. According to the chart, the company develops a decentralized authority in the level of their management due to which they focus more on adapting to what customer wants based on decision making from the lower level managers who are more familiar in the local conditions. This type of authority allows them to understand customers such as patients’ needs in order to develop strategies to fulfill this requirement According to Figure 1, they primarily focus more on the health care system and invested in about $7.5 billion dollars in research and development to create a strong product portfolio. The culture of this organization demonstrates a formal organization in order to guide the lines of authority as well as the responsibility for the company. According to Johnson and Johnson Credo statement, their main focus is towards the responsibilities of the doctors, nurses, and patients as well as their employees. They also state their growing responsibilities toward the shareholders and to the communities in order to research and develop new innovations in towards civic improvement to the communities. This entails that they fully care for their customers and employees in which its shows in
The above example shows that Pfizer is building on the foundation of analytics to predict the needs of the customer (which is the physicians in the case above). It
Pfizer is the world’s largest research-based pharmaceutical company in the world. With its corporate headquarters in New York City and research headquarters in Groton, Connecticut, Pfizer also boasts one of the largest pharmaceutical companies based on revenues. Founded by cousins, Charles Pfizer and Charles Erhart in 1849, Pfizer has never stopped growing. Playing a large role in their growth has been their research and development of new drugs as well as some key acquisitions, such as Wyeth. Pfizer uses three strategies in its 2012 annual report, which both reassures and proves why their company is among the elite. It uses vibrant colors to catch the reader’s eye, bold text and numbers exemplify important sentences and numbers, and pictures help ensure its investors of their global success.
...d and upset because the jobs just aren't there, and when the job market is hot, you have to be ready to deal with employers who are just as discouraged by their lack of prospects” (Thompson, 1999).
Every day someone is looking for a job. Whether that person is a recent graduate, a person laid-off from work, or a person that wants a different job, their diligent search turns into a carefully planned search for employment. It is important that a person knows how to search effectively for a job. There are three effective ways to look for a job: use a variety of resources, do a resume, and go on interviews.