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
Pharmaceutical benefit managers process prescriptions for the groups that pay for drugs, usually insurance companies or corporations, and use their size to negotiate with drug makers and pharmacies. This latest deal continues the consolidation trend but also highlights how the industry is becoming more than just an administrator and negotiator.
With an unstable business environment and competitive job market individuals are finding it more difficult to acquire or maintain a way of life they have been accustomed to. Unfortunately this change is occurring faster than society would like to believe or can keep up with. The days of working for one company until retirement is one of rarity. Technological advancements, global competition, lack of leadership and foresight all play a part in the instability of the job market. Company mergers, acquisitions, reorganization, hostile takeovers, and just going out of business can happen regardless of tenure, or years of service. Individuals who lack a degree will find themselves at a disadvantage if ever unemployed or looking for a promotion. With a growing rate of unemployment, and need for skilled labor, employers are more selective in their choice of potential candidates and may overlook a qualified individual for one that possesses a degree. Although this practice may seem unjust or short sighted, it happens everyday. How an individual accepts this reality and positions themselves for future marketability is the focus of this argument.
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
Pharmacy appeals to me because of its potential to ease people’s physical and emotional suffering. The simple act of listening and being empathetic to the concerns of other’s health and wellbeing has inspired me to learn more about the profession. Perseverance in college followed by the biotech industry has provided me with the necessary research skills to be successful. The ever-changing pharmacy field would allow me to continue my education, culminating in an exciting career.
Unemployment, it is all too common of a label in this day and age for the American society. In Joshua Cooper Ramo’s article, “Unemployment Nation,” he clearly states: “the government can’t hire everyone” and that there is a decrease in jobs nationally. Ramo’s article was published in the Spetember 21, 2009 TIME magazine and includes many personal tragedies that happened to real Americans who have lost their jobs and are unsuccessful in finding another employer. Many hardships are about to sweep over the United States with an increase in percentage of Americans who are jobless, but with unemployment on the rise, where or how can America create more stable jobs?
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
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)
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
Pfizer’s idea of removing these tedious and extremely time consuming items and placing them with another company is a genius move in so many ways. They have been able to reduce costs and improve the bottom line by giving these tasks to people that are making a lot less than the Pfizer employees. Efficiently speaking, this allows the Pfizer employee to focus on the tasks that they were hired to do. Why have someone doing a job that cost $5 an hour when you are paying them $20? This question now has an answer – you don’t. Hadley Baldwin (2015) provided four improvements needed for success as a leader today. They were embracing collaboration, knowing your business better, following the money and thinking about you and your team. PfizerWorks addresses all of t...
While having the right skills for employment is imperative to obtaining a decent job. Displaying your job skills in America’s competitive job market can be challenging. One stigma can be perceived that long-term jobless people have been sitting around and not really wanting to work. (Daly, Hobijn, and Kwok 2015) Or the perception that they would not take a lower paying job, and if they do, they will leave as soon as they find a higher paying one. Some companies have clearly barred the underemployed or long-term unemployed from certa...
In the “War for Talent” where technological change has created a demand for new jobs that require specialised technological knowledge that many workers don’t have; having positions going unfilled is expensive (PNC, 2015). A Career Builder survey found that in the United States having a position unfilled for three months or more costs a company on average around fourteen thousand dollars (PNC, 2015). According to Chamber of Comerce and industry Queensland (n.d.) the primary impediment to business expansion has been a shortage of employees possessing the requisite qualifications and
Some people can’t get hired because they don’t have an education and they are not qualified to do the work required. Most companies call a person’s references and if they don’t have a good work record they are not likely to get hired. Employees will always hire the most qualified person based on their resume, or brief account of one’s education and professional experience.
There are many factors which influenced the development of this problem. Among them are a huge number of graduates with higher education, graduates without work experience, employers do not trust the quality of graduates’ knowledge and excessive demands on the part of the employers. One of the most popular reasons why it happened is a huge number of graduates with higher education. For example, total number of students in the city of Almaty in 2013 is 256 803 persons (Amirali, 2013). It becomes clear that such a large number of students just do not get jobs. But every year the number of incoming students is growing, and the number of jobs does not increase.