SlideShare a Scribd company logo
1 of 44
Download to read offline
Employee Retention in the Pharmaceutical
Companies: Case of Lebanon
Prepared by: Bassima Hazimeh
Degree : Master in Business Administration
http://www.iosrjournals.org/iosr-jbm/papers/Vol18-issue4/Version-1/H1804015875.pdf
1
Disclosure
“ Bassima Hazimeh ” declare to meeting attendees that there are no
financial relationships with any for-profit companies that are directly
or indirectly related to the subject of my presentation
Video
3
World wide pharmaceutical sales was valued at USD 959 billion (2012 )
The major players in the pharmaceutical industry include the Swiss company
Novartis which ranked first in terms of its sales in 2012 that reached USD 50.7
billion. Second came the American company Pfizer, recording total sales of
USD 46.9 billion
The industry directly employs 650,000 people in the United States and 663,500
people in Europe.
Pharmaceutical Market
Source :Analysis of Lebanon’s Pharmaceutical Market
(2009 – 2013)
4
Geographic distribution of pharmacies and labs according to
Mohafazat (2011)
Mohafazat Hospital
pharmacies
Private
pharmacies
Hospital labs Private labs
Beirut 89 223 20 41
Mount Lebanon 57 1,027 38 67
North 24 349 22 29
south 23 243 23 31
Nabatieh 8 145 - -
Bekaa 20 328 18 13
Total 221 2,315 121 181
5
Direct Cost: Expenditures incurred on the
selection, recruitment, induction and training of
new employees
Indirect Cost: Cost of learning, reduced morale,
and pressure on the existing employees and the
loss of social capital.
6
 People leave a company for more pay
 Incentive programs produce long-term profits and improve productivity and morale.
 People don’t want more responsibility.
 Loyalty is dead.
 improving employee satisfaction is expensive.
 Employee satisfaction is “fluff.”
 company/industry/people are different!
7
Definition
Employee retention is all about ‘keeping good people and taking
measures to retain them in organization for maximum period of time
There is no one Strategy or no single “quick fix” to the problem.
Identifying the reasons for employee turnover in organization is a
critical first step to designing strategies to combat it.
8
Process
Identification of
Reasons for High
Turnover
Gathering
information
Formulating
retention
strategy
Implementation
Monitoring
and
Evaluating
9
Gap closing process
1-Identification of reasons for high turnover (for example, low salaries, heavy workloads, office- work
burdens, poor supervision and/or lack of supervisory support, unavailability of training and/or insufficient time to
participate in training, low morale, and risk of violence).
2-Gathering information (using SWOT analysis, gathering the data to help identify the cause of turnover ;
exit interviews and surveys (EIS); staff focus groups and surveys; and, detailed employee turnover reports).
3-Implementation of retention strategies Each employee makes the decision to stay or go based on a complex
mix of tangible and intangible factors that are unique to what that person values
Components
A . Career planning, development and training program
Development and training
program
Development and training
program
Financial
benefits
Financial
benefits
Working
environment and
organization
culture
Working
environment and
organization
culture
Leadership styleLeadership style
Career Development should be tailored to meet Organization and employee needs
 career path and growth options in the organization
 skills are needed to achieve this
 Gaps and Area of Development
 Recommendation for high performers
 promoting from within
10
B. Financial benefits Development and training
program
Development and training
program
Financial
Financial
benefits
Financial
Financial
benefits
Working
environment and
organization
culture
Working
environment and
organization
culture
Leadership styleLeadership style
 Fairness
 Incentives to superior performance
 Bonus
 Pay matching job performance
 retirement benefits, daycare, tuition
reimbursement, Long-term disability
 Employee Assistance Plans (EAPs)
11
Employee benefits are , non-wage compensation provided to employees in
addition to their normal wages or salaries
C. Working environment
and organization culture
Development and
training program
Development and
training program
Financial
benefits
Financial
benefits
Working environment
and organization
culture
Working environment
and organization
culture
Leadership
style
Leadership
style
12
E. Leadership style
 Leading by example
 Creating high sense of belonging
 Implementing reward system
 Giving employee decision making space
 Encouragement of new ideas
13
Development and
training program
Development and
training program
Financial
benefits
Financial
benefits
Working environment
and organization
culture
Working environment
and organization
culture
Leadership
style
Leadership
style
Benefits
• Saving costs of turnover
• Preventing loss of company knowledge
• Avoiding interruption of customer service
• Decreasing rate of turnover
• Maintaining goodwill of the company
• Regaining efficiency
14
Summary
The reasons for high employee turnover are generally
multifaceted. Understanding deep root of the problem is the
critical first step to design strategies and to combat it.
The purpose of the current research is to assess opinion of
the Lebanese employee working in pharmaceutical industry
about retention strategies followed by their Companies and
management efforts to retain them in their workplace.
15
Research objective
 Importance of employee retention strategies in today corporate world
Strategies employed by pharmaceutical companies to improvise on rate of turn
over
 Show how to effectively identify, develop and retain capable and skilled
employees.
What are the considerations that should be taken when implementing a
retention strategy in an organization?
What types of leadership development have been practiced when implementing
such a program?
16
Scope of the Research
Observation and interviews with employees in different pharmaceutical
companies, sales managers, human resource managers as well as chairpersons in
different companies.
 Revision of rules, regulations and procedures in recruiting, training,
development, compensation programs, rewards and recognitions.
 Studying the importance and significance of human capital management (HRM)
in today corporate world, employee turnover faced by companies and cost this act
adds up to companies.
17
Research Methodology
Data sources: primary Data (field surveys)
secondary data-internet ,books and journals
 Area of research: Case of Lebanon
Research approach :Survey Method
Research instruments: Questionnaires and interviews
Sampling Method: Quantitative analysis using SPSS
Sample size :204 employees from 30 pharmaceutical companies
18
Questionnaire design
64 questions divided in seven sections:
1. Section one, designed to assess the Salary and financial impact
2. Section two, question six to sixteen covering job/working conditions
3. Section three, from seventeen to thirty four designed to assess Work Relationships
4. Section four, from thirty five to forty two tackling culture within organization
5. Section five, question forty three to fifty cover motivation strategy in the
organization
6. Section six, designed to evaluate Leadership style within the organization.
Question fifty one to fifty seven.
7. Section Seven, designed to assess the respondent’ demographics
19
Result and finding
Financial benefits:
56 % of respondents agreed that
their salary is fair to their peers in
the organization, 25% uncertain
while 19 % disagree.
Salary is fair to their peers in the organization
20
Result and finding
Financial benefits:
Respondents are on the average
satisfied with their Financial benefits
Employees satisfied with company benefits
21
Result and Finding
Responses
Percent of CasesN Percent
motivation To you, the following factors
are considered motivational at
work: adequate rest area
88 12.0% 43.6%
To you, the following factors
are considered motivational at
work: sanitary services
127 17.3% 62.9%
To you, the following factors
are considered motivational at
work: medical facility
84 11.5% 41.6%
To you, the following factors
are considered motivational at
work: sport facilities
133 18.1% 65.8%
To you, the following factors
are considered motivational at
work: housing
124 16.9% 61.4%
To you, the following factors
are considered motivational at
work: other factors
177 24.1% 87.6%
Total 733 100.0% 362.9%
Motivational factors
 flexibility of working Hours
 Incentives ,Schooling..
 job security
 training program courses,
certificates
 Support , trust, recognition of
Effort
 management leadership style,
healthy relationships.
22
Result and finding
Responses
Percent of CasesN Percent
Dedication your dedication to work is
based on the management
effort to improve employee
morale
101 16.1% 50.5%
your dedication to work is
based on proper delegation
system
149 23.8% 74.5%
your dedication to work is
based on balance between
authority and responsibility
86 13.7% 43.0%
your dedication to work is
based on the existence of
proper encouragement
114 18.2% 57.0%
your dedication to work is
based on other factor
176 28.1% 88.0%
Total 626 100.0% 313.0%
Job/Working conditions
Dedication to work is based :
 balance between authority and
responsibility (57.8%)
 management efforts to improve
morale (50.5%)
 existence of proper encouragement
(44.1%)
 existence of a proper delegation
system (27%).
23
Result and Finding
Are you having sufficient training Opportunities
52 % of respondents have sufficient
job advancements and 48 % of them
don’t
Job /working conditions: Career planning
Result and Finding
Frequency Percent Valid Percent Cumulative Percent
Valid yes 142 69.6 69.6 69.6
no 62 30.4 30.4 100.0
Total 204 100.0 100.0
I believe that unsuccessful teamwork is based on lack of
cooperation among the members
70 % of respondents agreed on unsuccessful team work is due to lack of cooperation
between team members and 30 % of respondent answered unsuccessful team work
depends on other factors.
Work relationship
25
Result and Finding
A. My immediate supervisor is fair with subordinates
74 % of respondent agree that their immediate supervisors are fair with subordinates, 7%
are not and 19% are neutral
B. Leadership and management enjoy a high level of trust between employees
76% of respondents agreed that leadership and management enjoy high level of trust, 13 % disagree
and 11% uncertain
C. Managers keep me Informed and up to date
68% of respondents agreed on that manager’s keep them informed and updated, 17%
disagree and remaining are uncertain
Leadership Style
26
Result and Finding
Organization Culture
78% of respondents agreed on that the organization celebrate success with
their employees, 13% of companies don’t do this and 9 % uncertain
a. The Organization celebrates its success with employees
b. The organization encourages the sharing of information, knowledge, and resources
76% of respondents agreed on that their organization encourages sharing of information, knowledge
and resources,10% disagree and 14% are uncertain.
27
Result and Finding
t
Frequency Percent Valid Percent
Cumulative
Percent
Valid strongly disagree 8 3.9 3.9 3.9
disagree 14 6.9 6.9 10.8
uncertain 32 15.7 15.7 26.5
agree 110 53.9 53.9 80.4
strongly agree 40 19.6 19.6 100.0
Total 204 100.0 100.0
There is continuous communication in the
organization about the goals and progress achieved
74% of respondents agreed on that
there is continuous communication
in the organization about goals and
progress achieved, 11% disagree and
15% are uncertain
Organization Culture
28
Result and Finding
69% of respondents agreed on the facts
that organizations supports honest two
ways communication between managers
and employees to share and exchange
ideas, 17% disagree and 14% are
uncertain
Organization supports honest two ways communication
between managers and employees to regularly share and
exchange ideas
Organization Culture
29
Result and Finding
Demographic
A . Firm type:
51 % of respondents are working in multinational companies while 49% are in generic firms
B. Current job Level:
62% of respondents have non managerial position, 16% first line management, 18% middle management and 4% are from top
management
C. Experience in the organization :
56% of respondents have 1-5 year of experience in the current organization, 20% have 6-10 years, 11% have 11-15 years of experience in the current
firm, 8% have 16-20 years and 5% more than 20 years.
30
Result and Finding
Survey cross tabs
Count
you are satisfied with
duties and responsibilities
assigned to you
Totalyes no
Are you in position to
work with devotion
and happiness?
yes 136 17 153
no 26 25 51
Total 162 42 204
Crosstab" Are You in Position to Work With
Devotion and Happiness" Versus “You Are Satisfied
With Duties and Responsibilities Assigned to You”
Symmetric Measures " are you in position to work with
devotion and happiness" versus "you are satisfied with
duties and responsibilities assigned to you"
Value
Asymp.
Std. Errora
Approx.
Tb
Approx.
Sig.
Interval by
Interval
Pearson's R .406 .075 6.313 .000c
Ordinal by
Ordinal
Spearman
Correlation
.406 .075 6.313 .000c
N of Valid Cases 204
67 % of respondents are working with devotion and happiness& they are satisfied with duties
and responsibilities assigned to them Pearson’s R= .406 moderate correlation
31
Result and Finding
Count
Managers communicate frequently and
honestly about issues affecting employees
Total
strongly
disagree
disagre
e
uncertai
n agree
strongly
agree
I am happy
with the
position and
the status of
my
organization
strongly
disagree
6 3 0 2 0 11
disagree 3 4 2 11 4 24
uncertain 1 6 19 23 2 51
agree 3 6 19 58 8 94
strongly
agree
0 1 3 11 9 24
Total 13 20 43 105 23 204
Value
Asymp.
Std.
Errora
Approx
. Tb
Approx.
Sig.
Interval by
Interval
Pearson's R .400 .075 6.206 .000c
Ordinal by
Ordinal
Spearman
Correlation
.331 .071 4.982 .000c
N of Valid Cases 204
Crosstab "I am Happy with the position and status of my
job "versus " managers communicate frequently and
honestly about issues affecting employees
Symmetric Measures "I am happy with position and
status of my job" versus "Managers communicate
honestly and frequently about issue affecting
employees
42 % of respondents are happy with the position and status of their work& agree on that managers
communicate honestly and frequently about issues affecting employees Person’s R=.400.moderate correlation 32
Survey Regression Analysis
Leadership within the Organization
Coefficients a
Model Summary
Model R R Square
Adjusted R
Square
Std. Error of the
Estimate Durbin-Watson
1 .473a .224 .220 .90420 1.962
a. Predictors: (Constant), I receive recognition and praise from my seniors for a job well
done
b. Dependent variable: I am happy with status and position of my job
There is 47 % linear
association between 2
variables, which is quite
good correlation.
Model
Unstandardized
Coefficients
Standardize
d
Coefficient
s
t Sig.B Std. Error Beta
1 (Constant) 1.773 .231 7.667 .000
I receive recognition and praise
from my seniors for a job well
done
.474 .062 .473 7.636 .000
a. Dependent Variable: I am happy with the position and the status of my job
The regression equation as:
I am happy with the position and
status of my job %= 1.773+-0.474 (I
receive recognition and praise from
seniors for a job well done)
33
Survey Regression Analysis
Leadership within the Organization
Coefficients a
Model Summary
By looking at the B column
under the Unstandardized
Coefficients column, we
can present the regression
equation as:
I am happy with the
position and status of my
job%= 1.742 +0.487
(Managers empower
employees to make
effective decisions
Model R R Square
Adjusted R
Square
Std. Error of
the Estimate Durbin-Watson
1 .502a .252 .249 .88753 1.763
a. Predictors: (Constant), Managers empower employees to make effective
decisions
b. Dependent Variable: I am happy with the position and the status of my job
The R value is 0.502, which
indicates a correlation; there is 50
% linear association between 2
variables, which is quite good
correlation.
Model
Unstandardized
Coefficients
Standardize
d
Coefficients
t Sig.B Std. Error Beta
1 (Constant) 1.742 .218 7.981 .000
Managers empower
employees to make
effective decisions
.487 .059 .502 8.257 .000
a. Dependent Variable: I am happy with the position and the status of my job
34
Survey Regression Analysis
Culture within the Organization
Coefficients a
Model Summary
Model R R Square
Adjusted R
Square
Std. Error of
the Estimate Durbin-Watson
1 .474a .225 .221 .90353 1.834
a. Predictors: (Constant), There is equal opportunity for advancement at my work
b. Dependent Variable: I am happy with the position and the status of my job
Model
Unstandardized
Coefficients
Standardized
Coefficients
t Sig.B Std. Error Beta
1 (Constant) 2.130 .186 11.444 .000
There is equal opportunity for
advancement at my work
.429 .056 .474 7.661 .000
a. Dependent Variable: I am happy with the position and the status of my job
I am happy with position and status
of my job %= 2.130+0.429 (there is
equal opportunities for advancement
at my work
there is 47 % linear association between 2
variables, which is quite good correlation.
35
As for the first section of survey questionnaire
which is designed to assess the Salary
56 % of respondents agreed that their salary is fair to their peers in the organization, 26%
uncertain while 19 % disagree.
60% of respondents agreed that salary offered is fair to their counterparts in similar job in other
organization, 17% are uncertain while 27% disagree that their salary is fair
48% of respondents agreed on that their Salary adjustment reflect job performance, 31% disagree and
21 are uncertain
Employee satisfied by company R=0.348 working with
benefits P=.000 happiness
Summary of Major Findings
36
Financial benefits Leadership Culture
Working
condition
Summary of Major Findings
Leadership within organization
65% of respondents agreed on the fact that there is a continuous communication about employees’
development, 17% disagree on communication about employees developments and 18% are
uncertain
37
Happy with
the status of
workR=.400 P= .000
Managers communicate
honestly on issues
affecting employees
Financial benefits Leadership Culture
Working
condition
Summary of Major Findings
Leadership within organization
38
Financial
benefits
Leadership Culture
Working
condition
 Leaders and managers enjoy a high level of trust
 Recognition and praise from seniors for a job well done
 Managers empower employees to make effective decisions
 Managers show transparency and respect in their interactions with employees
 Supervisor shows interest in employee‘s welfare and progress
 Managers Show Fairness
Summary of Major Findings
Motivation within organization
39
Financial
benefits
Leadership Culture
Working
condition
 Payment matches job performance
 Organization provides the materials and equipment needed to perform the work
 Job promotions are awarded based on merit
 Promotion prospect in the company are good
 Equal opportunity for advancement at the organization
 Job is enjoyable, rewarding and satisfying
 Teamwork is encouraged in the department
 Colleagues are committed to perform high quality work
Summary of Major Findings
Motivation within organization
40
Financial
benefits
Leadership Culture
Working
condition
The organization celebrates its successes with employees
The organization gives incentives to superior performance
The organization deals effectively with poor performance
The mission of their companies makes them feel important ( Values in the company )
The organization encourages the sharing of information, knowledge, and resources
There is continuous communication in the organization about the goals and progressed achieved
The organization supports honest two-way communication to regularly share and exchange ideas
between managers and employees.
Summary of Major Findings
41
Financial
benefits
Leadership Culture
Working
condition
 Receive support from peers in the department
 Clear job description ( Each know what is expected at work)
 The working relationship with peers is generally amicable
 Team spirit ( alignment of common goals and objectives )
 cooperation, coordination , communication
 no competition among team members
Summary Of Major Finding : Business Model
Conclusion
In Lebanon, Companies tend to head hunt from their competitors. Currently not
many companies adopt employee retention strategies, most of the organizations fall
short in their efforts to offer the necessary tools to improve, develop and retain
talented employees.
Moreover, If employees feel that they are not able to use their full potential and are
not heard and valued, they are likely to leave. They need a transparent work
environment to work in to get a sense of achievement and belongingness, where they
can best utilize their potential and realize their skills.
Recommendation
As Hejase, Eid, Hamdar, &Haddad(2012) concluded" reaching a competitive
edge depend on the employment, engagement and retention of the talented
and experienced employees who are distinct and skilled in showing great
leadership and technical abilities. Right people doing the right jobs are so
precious and need to be well managed to offer and guarantee the best business
achievements .
Efforts must be done to retain talented employees"
44

More Related Content

What's hot

5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem
5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem
5 Ways Healthcare Brands Can Stand out to HCPs in the Digital EcosystemDRG Digital
 
RCPA by GIRISH
RCPA by GIRISHRCPA by GIRISH
RCPA by GIRISHS Girish
 
Pharmaceutical Selling
Pharmaceutical SellingPharmaceutical Selling
Pharmaceutical SellingAwais e Siraj
 
Role of Medical Sales Representative
Role of Medical Sales RepresentativeRole of Medical Sales Representative
Role of Medical Sales Representativerohit kamboj
 
Market Access 101: Connecting Access Challenges to Brand Opportunities
Market Access 101: Connecting Access Challenges to Brand OpportunitiesMarket Access 101: Connecting Access Challenges to Brand Opportunities
Market Access 101: Connecting Access Challenges to Brand OpportunitiesOgilvy Health
 
ESL Pharmaceuticals: Patient-centric care
ESL Pharmaceuticals: Patient-centric careESL Pharmaceuticals: Patient-centric care
ESL Pharmaceuticals: Patient-centric careKatieEnglishTutoring
 
Retail Chemist Prescription Audit / RCPA --- Pharma
Retail Chemist Prescription Audit / RCPA --- Pharma Retail Chemist Prescription Audit / RCPA --- Pharma
Retail Chemist Prescription Audit / RCPA --- Pharma Pradeep Hk
 
Pharmaceuticals Sales Force Effectiveness
Pharmaceuticals Sales Force EffectivenessPharmaceuticals Sales Force Effectiveness
Pharmaceuticals Sales Force EffectivenessBlackdot
 
Pharmacy Management Software
Pharmacy Management Software Pharmacy Management Software
Pharmacy Management Software B M ASHIK MAHMUD
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketingUzair Ahmed
 
Drug market structure (Pharma in Indian Scenario)
Drug market structure (Pharma in Indian Scenario)Drug market structure (Pharma in Indian Scenario)
Drug market structure (Pharma in Indian Scenario)hemant vyas
 
10 ten best, average and worst Points of Pharmaceutical marketing
10 ten best, average and worst Points of Pharmaceutical marketing10 ten best, average and worst Points of Pharmaceutical marketing
10 ten best, average and worst Points of Pharmaceutical marketingAnjum Iqbal
 
Medical sales representative kpis
Medical sales representative kpisMedical sales representative kpis
Medical sales representative kpisbetratipo
 
Marketing Plan Final
Marketing Plan FinalMarketing Plan Final
Marketing Plan FinalTeeka
 
Pharmaceutical marketing
Pharmaceutical marketingPharmaceutical marketing
Pharmaceutical marketingAnand Gond
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Arsalan Humayun
 

What's hot (20)

Otc in india
Otc in indiaOtc in india
Otc in india
 
5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem
5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem
5 Ways Healthcare Brands Can Stand out to HCPs in the Digital Ecosystem
 
Pharmaceutical Sales in Pakistan
Pharmaceutical Sales in PakistanPharmaceutical Sales in Pakistan
Pharmaceutical Sales in Pakistan
 
RCPA by GIRISH
RCPA by GIRISHRCPA by GIRISH
RCPA by GIRISH
 
Losart (Losar
Losart (LosarLosart (Losar
Losart (Losar
 
Pharmaceutical Selling
Pharmaceutical SellingPharmaceutical Selling
Pharmaceutical Selling
 
Role of Medical Sales Representative
Role of Medical Sales RepresentativeRole of Medical Sales Representative
Role of Medical Sales Representative
 
Market Access 101: Connecting Access Challenges to Brand Opportunities
Market Access 101: Connecting Access Challenges to Brand OpportunitiesMarket Access 101: Connecting Access Challenges to Brand Opportunities
Market Access 101: Connecting Access Challenges to Brand Opportunities
 
ESL Pharmaceuticals: Patient-centric care
ESL Pharmaceuticals: Patient-centric careESL Pharmaceuticals: Patient-centric care
ESL Pharmaceuticals: Patient-centric care
 
Retail Chemist Prescription Audit / RCPA --- Pharma
Retail Chemist Prescription Audit / RCPA --- Pharma Retail Chemist Prescription Audit / RCPA --- Pharma
Retail Chemist Prescription Audit / RCPA --- Pharma
 
Pharmaceuticals Sales Force Effectiveness
Pharmaceuticals Sales Force EffectivenessPharmaceuticals Sales Force Effectiveness
Pharmaceuticals Sales Force Effectiveness
 
Pharmacy Management Software
Pharmacy Management Software Pharmacy Management Software
Pharmacy Management Software
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketing
 
Drug market structure (Pharma in Indian Scenario)
Drug market structure (Pharma in Indian Scenario)Drug market structure (Pharma in Indian Scenario)
Drug market structure (Pharma in Indian Scenario)
 
10 ten best, average and worst Points of Pharmaceutical marketing
10 ten best, average and worst Points of Pharmaceutical marketing10 ten best, average and worst Points of Pharmaceutical marketing
10 ten best, average and worst Points of Pharmaceutical marketing
 
Medical sales representative kpis
Medical sales representative kpisMedical sales representative kpis
Medical sales representative kpis
 
Marketing Plan Final
Marketing Plan FinalMarketing Plan Final
Marketing Plan Final
 
Pharmaceutical marketing
Pharmaceutical marketingPharmaceutical marketing
Pharmaceutical marketing
 
Mature brand management
Mature brand managementMature brand management
Mature brand management
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)
 

Similar to Employee retention startegies in Pharmaceutical companies:Case of lebanon

Personnel And HR Management
Personnel And HR Management Personnel And HR Management
Personnel And HR Management shrikant0412
 
Industrial Relations-----TATA (1).docx
Industrial Relations-----TATA (1).docxIndustrial Relations-----TATA (1).docx
Industrial Relations-----TATA (1).docxKhajaPasha33
 
Strategic Thinking, TCF and Action Plans
Strategic Thinking, TCF and Action PlansStrategic Thinking, TCF and Action Plans
Strategic Thinking, TCF and Action PlansRupinder K Gill
 
NTI2010 Increasing Quality And Safety
NTI2010 Increasing Quality And SafetyNTI2010 Increasing Quality And Safety
NTI2010 Increasing Quality And SafetyTodd_Grivetti
 
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web view
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web viewVaLUENTiS Employee Engagement in Organisations report 300913 abridged web view
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web viewnjhceo01
 
Insights on Future Workplace Trends in India
Insights on Future Workplace Trends in IndiaInsights on Future Workplace Trends in India
Insights on Future Workplace Trends in IndiaDun & Bradstreet
 
Study on Benchmarking with Respect to Recruitment Parameters
Study on Benchmarking with Respect to Recruitment ParametersStudy on Benchmarking with Respect to Recruitment Parameters
Study on Benchmarking with Respect to Recruitment ParametersIJMTST Journal
 
Measures of corporate performance
Measures of corporate performanceMeasures of corporate performance
Measures of corporate performanceSamahAdra
 
Employee engagement strategies and practices
Employee engagement strategies and practicesEmployee engagement strategies and practices
Employee engagement strategies and practicesadigaskell
 
SMGs 2017-corporate-wellbeing-report
SMGs 2017-corporate-wellbeing-reportSMGs 2017-corporate-wellbeing-report
SMGs 2017-corporate-wellbeing-reportWaqas Kamran Ahmad
 
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docx
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docxPage 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docx
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docxbunyansaturnina
 
Talent Pulse: May 2014 Edition
Talent Pulse: May 2014 EditionTalent Pulse: May 2014 Edition
Talent Pulse: May 2014 EditionSaba Software
 
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docx
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docxModule 5 Module 5 OverviewProvides the learning outcomes on wh.docx
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docxgilpinleeanna
 
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...Best Practices
 
Innovative human resources
Innovative human resourcesInnovative human resources
Innovative human resourcesBetsy Booboo
 

Similar to Employee retention startegies in Pharmaceutical companies:Case of lebanon (20)

Personnel And HR Management
Personnel And HR Management Personnel And HR Management
Personnel And HR Management
 
global_governance_survey_summary
global_governance_survey_summaryglobal_governance_survey_summary
global_governance_survey_summary
 
Industrial Relations-----TATA (1).docx
Industrial Relations-----TATA (1).docxIndustrial Relations-----TATA (1).docx
Industrial Relations-----TATA (1).docx
 
Strategic Thinking, TCF and Action Plans
Strategic Thinking, TCF and Action PlansStrategic Thinking, TCF and Action Plans
Strategic Thinking, TCF and Action Plans
 
MCF
MCFMCF
MCF
 
NTI2010 Increasing Quality And Safety
NTI2010 Increasing Quality And SafetyNTI2010 Increasing Quality And Safety
NTI2010 Increasing Quality And Safety
 
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web view
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web viewVaLUENTiS Employee Engagement in Organisations report 300913 abridged web view
VaLUENTiS Employee Engagement in Organisations report 300913 abridged web view
 
Insights on Future Workplace Trends in India
Insights on Future Workplace Trends in IndiaInsights on Future Workplace Trends in India
Insights on Future Workplace Trends in India
 
Study on Benchmarking with Respect to Recruitment Parameters
Study on Benchmarking with Respect to Recruitment ParametersStudy on Benchmarking with Respect to Recruitment Parameters
Study on Benchmarking with Respect to Recruitment Parameters
 
Measures of corporate performance
Measures of corporate performanceMeasures of corporate performance
Measures of corporate performance
 
HR Audit in EIC
HR Audit in EIC HR Audit in EIC
HR Audit in EIC
 
Employee engagement strategies and practices
Employee engagement strategies and practicesEmployee engagement strategies and practices
Employee engagement strategies and practices
 
SMGs 2017-corporate-wellbeing-report
SMGs 2017-corporate-wellbeing-reportSMGs 2017-corporate-wellbeing-report
SMGs 2017-corporate-wellbeing-report
 
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docx
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docxPage 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docx
Page 1 of 3 Compensation and Benefits ©2009 Argosy Uni.docx
 
Talent Pulse: May 2014 Edition
Talent Pulse: May 2014 EditionTalent Pulse: May 2014 Edition
Talent Pulse: May 2014 Edition
 
What Makes a Best Employer?
What Makes a Best Employer?What Makes a Best Employer?
What Makes a Best Employer?
 
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docx
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docxModule 5 Module 5 OverviewProvides the learning outcomes on wh.docx
Module 5 Module 5 OverviewProvides the learning outcomes on wh.docx
 
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...
Commercial On-Boarding Excellence: Bringing New Employees up to Productivity ...
 
Global
GlobalGlobal
Global
 
Innovative human resources
Innovative human resourcesInnovative human resources
Innovative human resources
 

Recently uploaded

Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...
Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...
Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...Nehru place Escorts
 
Call Girls Service Noida Maya 9711199012 Independent Escort Service Noida
Call Girls Service Noida Maya 9711199012 Independent Escort Service NoidaCall Girls Service Noida Maya 9711199012 Independent Escort Service Noida
Call Girls Service Noida Maya 9711199012 Independent Escort Service NoidaPooja Gupta
 
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...Miss joya
 
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...Miss joya
 
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...narwatsonia7
 
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...narwatsonia7
 
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...narwatsonia7
 
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...Miss joya
 
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Me
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near MeHi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Me
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Menarwatsonia7
 
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...Miss joya
 
Call Girl Chennai Indira 9907093804 Independent Call Girls Service Chennai
Call Girl Chennai Indira 9907093804 Independent Call Girls Service ChennaiCall Girl Chennai Indira 9907093804 Independent Call Girls Service Chennai
Call Girl Chennai Indira 9907093804 Independent Call Girls Service ChennaiNehru place Escorts
 
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls Available
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls AvailableVip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls Available
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls AvailableNehru place Escorts
 
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Available
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service AvailableCall Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Available
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Availablenarwatsonia7
 
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Service
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort ServiceCall Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Service
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Serviceparulsinha
 
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service Chennai
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service ChennaiCall Girls Service Chennai Jiya 7001305949 Independent Escort Service Chennai
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service ChennaiNehru place Escorts
 
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safe
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% SafeBangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safe
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safenarwatsonia7
 
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune) Girls Service
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune)  Girls ServiceCALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune)  Girls Service
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune) Girls ServiceMiss joya
 
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy Girls
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy GirlsCall Girls In Andheri East Call 9920874524 Book Hot And Sexy Girls
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy Girlsnehamumbai
 

Recently uploaded (20)

Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...
Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...
Russian Call Girls in Chennai Pallavi 9907093804 Independent Call Girls Servi...
 
Call Girls Service Noida Maya 9711199012 Independent Escort Service Noida
Call Girls Service Noida Maya 9711199012 Independent Escort Service NoidaCall Girls Service Noida Maya 9711199012 Independent Escort Service Noida
Call Girls Service Noida Maya 9711199012 Independent Escort Service Noida
 
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...
Call Girls Service Pune Vaishnavi 9907093804 Short 1500 Night 6000 Best call ...
 
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...
VIP Call Girls Pune Vani 9907093804 Short 1500 Night 6000 Best call girls Ser...
 
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...
VIP Call Girls Tirunelveli Aaradhya 8250192130 Independent Escort Service Tir...
 
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...
Russian Call Girl Brookfield - 7001305949 Escorts Service 50% Off with Cash O...
 
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...
Low Rate Call Girls Ambattur Anika 8250192130 Independent Escort Service Amba...
 
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...
College Call Girls Pune Mira 9907093804 Short 1500 Night 6000 Best call girls...
 
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Me
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near MeHi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Me
Hi,Fi Call Girl In Mysore Road - 7001305949 | 24x7 Service Available Near Me
 
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...
Russian Call Girls in Pune Riya 9907093804 Short 1500 Night 6000 Best call gi...
 
Call Girl Chennai Indira 9907093804 Independent Call Girls Service Chennai
Call Girl Chennai Indira 9907093804 Independent Call Girls Service ChennaiCall Girl Chennai Indira 9907093804 Independent Call Girls Service Chennai
Call Girl Chennai Indira 9907093804 Independent Call Girls Service Chennai
 
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls Available
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls AvailableVip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls Available
Vip Call Girls Anna Salai Chennai 👉 8250192130 ❣️💯 Top Class Girls Available
 
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Available
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service AvailableCall Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Available
Call Girls Yelahanka Just Call 7001305949 Top Class Call Girl Service Available
 
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Service
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort ServiceCall Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Service
Call Girls Service In Shyam Nagar Whatsapp 8445551418 Independent Escort Service
 
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service Chennai
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service ChennaiCall Girls Service Chennai Jiya 7001305949 Independent Escort Service Chennai
Call Girls Service Chennai Jiya 7001305949 Independent Escort Service Chennai
 
sauth delhi call girls in Bhajanpura 🔝 9953056974 🔝 escort Service
sauth delhi call girls in Bhajanpura 🔝 9953056974 🔝 escort Servicesauth delhi call girls in Bhajanpura 🔝 9953056974 🔝 escort Service
sauth delhi call girls in Bhajanpura 🔝 9953056974 🔝 escort Service
 
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safe
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% SafeBangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safe
Bangalore Call Girls Marathahalli 📞 9907093804 High Profile Service 100% Safe
 
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune) Girls Service
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune)  Girls ServiceCALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune)  Girls Service
CALL ON ➥9907093804 🔝 Call Girls Hadapsar ( Pune) Girls Service
 
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy Girls
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy GirlsCall Girls In Andheri East Call 9920874524 Book Hot And Sexy Girls
Call Girls In Andheri East Call 9920874524 Book Hot And Sexy Girls
 
Escort Service Call Girls In Sarita Vihar,, 99530°56974 Delhi NCR
Escort Service Call Girls In Sarita Vihar,, 99530°56974 Delhi NCREscort Service Call Girls In Sarita Vihar,, 99530°56974 Delhi NCR
Escort Service Call Girls In Sarita Vihar,, 99530°56974 Delhi NCR
 

Employee retention startegies in Pharmaceutical companies:Case of lebanon

  • 1. Employee Retention in the Pharmaceutical Companies: Case of Lebanon Prepared by: Bassima Hazimeh Degree : Master in Business Administration http://www.iosrjournals.org/iosr-jbm/papers/Vol18-issue4/Version-1/H1804015875.pdf 1
  • 2. Disclosure “ Bassima Hazimeh ” declare to meeting attendees that there are no financial relationships with any for-profit companies that are directly or indirectly related to the subject of my presentation
  • 4. World wide pharmaceutical sales was valued at USD 959 billion (2012 ) The major players in the pharmaceutical industry include the Swiss company Novartis which ranked first in terms of its sales in 2012 that reached USD 50.7 billion. Second came the American company Pfizer, recording total sales of USD 46.9 billion The industry directly employs 650,000 people in the United States and 663,500 people in Europe. Pharmaceutical Market Source :Analysis of Lebanon’s Pharmaceutical Market (2009 – 2013) 4
  • 5. Geographic distribution of pharmacies and labs according to Mohafazat (2011) Mohafazat Hospital pharmacies Private pharmacies Hospital labs Private labs Beirut 89 223 20 41 Mount Lebanon 57 1,027 38 67 North 24 349 22 29 south 23 243 23 31 Nabatieh 8 145 - - Bekaa 20 328 18 13 Total 221 2,315 121 181 5
  • 6. Direct Cost: Expenditures incurred on the selection, recruitment, induction and training of new employees Indirect Cost: Cost of learning, reduced morale, and pressure on the existing employees and the loss of social capital. 6
  • 7.  People leave a company for more pay  Incentive programs produce long-term profits and improve productivity and morale.  People don’t want more responsibility.  Loyalty is dead.  improving employee satisfaction is expensive.  Employee satisfaction is “fluff.”  company/industry/people are different! 7
  • 8. Definition Employee retention is all about ‘keeping good people and taking measures to retain them in organization for maximum period of time There is no one Strategy or no single “quick fix” to the problem. Identifying the reasons for employee turnover in organization is a critical first step to designing strategies to combat it. 8
  • 9. Process Identification of Reasons for High Turnover Gathering information Formulating retention strategy Implementation Monitoring and Evaluating 9 Gap closing process 1-Identification of reasons for high turnover (for example, low salaries, heavy workloads, office- work burdens, poor supervision and/or lack of supervisory support, unavailability of training and/or insufficient time to participate in training, low morale, and risk of violence). 2-Gathering information (using SWOT analysis, gathering the data to help identify the cause of turnover ; exit interviews and surveys (EIS); staff focus groups and surveys; and, detailed employee turnover reports). 3-Implementation of retention strategies Each employee makes the decision to stay or go based on a complex mix of tangible and intangible factors that are unique to what that person values
  • 10. Components A . Career planning, development and training program Development and training program Development and training program Financial benefits Financial benefits Working environment and organization culture Working environment and organization culture Leadership styleLeadership style Career Development should be tailored to meet Organization and employee needs  career path and growth options in the organization  skills are needed to achieve this  Gaps and Area of Development  Recommendation for high performers  promoting from within 10
  • 11. B. Financial benefits Development and training program Development and training program Financial Financial benefits Financial Financial benefits Working environment and organization culture Working environment and organization culture Leadership styleLeadership style  Fairness  Incentives to superior performance  Bonus  Pay matching job performance  retirement benefits, daycare, tuition reimbursement, Long-term disability  Employee Assistance Plans (EAPs) 11 Employee benefits are , non-wage compensation provided to employees in addition to their normal wages or salaries
  • 12. C. Working environment and organization culture Development and training program Development and training program Financial benefits Financial benefits Working environment and organization culture Working environment and organization culture Leadership style Leadership style 12
  • 13. E. Leadership style  Leading by example  Creating high sense of belonging  Implementing reward system  Giving employee decision making space  Encouragement of new ideas 13 Development and training program Development and training program Financial benefits Financial benefits Working environment and organization culture Working environment and organization culture Leadership style Leadership style
  • 14. Benefits • Saving costs of turnover • Preventing loss of company knowledge • Avoiding interruption of customer service • Decreasing rate of turnover • Maintaining goodwill of the company • Regaining efficiency 14
  • 15. Summary The reasons for high employee turnover are generally multifaceted. Understanding deep root of the problem is the critical first step to design strategies and to combat it. The purpose of the current research is to assess opinion of the Lebanese employee working in pharmaceutical industry about retention strategies followed by their Companies and management efforts to retain them in their workplace. 15
  • 16. Research objective  Importance of employee retention strategies in today corporate world Strategies employed by pharmaceutical companies to improvise on rate of turn over  Show how to effectively identify, develop and retain capable and skilled employees. What are the considerations that should be taken when implementing a retention strategy in an organization? What types of leadership development have been practiced when implementing such a program? 16
  • 17. Scope of the Research Observation and interviews with employees in different pharmaceutical companies, sales managers, human resource managers as well as chairpersons in different companies.  Revision of rules, regulations and procedures in recruiting, training, development, compensation programs, rewards and recognitions.  Studying the importance and significance of human capital management (HRM) in today corporate world, employee turnover faced by companies and cost this act adds up to companies. 17
  • 18. Research Methodology Data sources: primary Data (field surveys) secondary data-internet ,books and journals  Area of research: Case of Lebanon Research approach :Survey Method Research instruments: Questionnaires and interviews Sampling Method: Quantitative analysis using SPSS Sample size :204 employees from 30 pharmaceutical companies 18
  • 19. Questionnaire design 64 questions divided in seven sections: 1. Section one, designed to assess the Salary and financial impact 2. Section two, question six to sixteen covering job/working conditions 3. Section three, from seventeen to thirty four designed to assess Work Relationships 4. Section four, from thirty five to forty two tackling culture within organization 5. Section five, question forty three to fifty cover motivation strategy in the organization 6. Section six, designed to evaluate Leadership style within the organization. Question fifty one to fifty seven. 7. Section Seven, designed to assess the respondent’ demographics 19
  • 20. Result and finding Financial benefits: 56 % of respondents agreed that their salary is fair to their peers in the organization, 25% uncertain while 19 % disagree. Salary is fair to their peers in the organization 20
  • 21. Result and finding Financial benefits: Respondents are on the average satisfied with their Financial benefits Employees satisfied with company benefits 21
  • 22. Result and Finding Responses Percent of CasesN Percent motivation To you, the following factors are considered motivational at work: adequate rest area 88 12.0% 43.6% To you, the following factors are considered motivational at work: sanitary services 127 17.3% 62.9% To you, the following factors are considered motivational at work: medical facility 84 11.5% 41.6% To you, the following factors are considered motivational at work: sport facilities 133 18.1% 65.8% To you, the following factors are considered motivational at work: housing 124 16.9% 61.4% To you, the following factors are considered motivational at work: other factors 177 24.1% 87.6% Total 733 100.0% 362.9% Motivational factors  flexibility of working Hours  Incentives ,Schooling..  job security  training program courses, certificates  Support , trust, recognition of Effort  management leadership style, healthy relationships. 22
  • 23. Result and finding Responses Percent of CasesN Percent Dedication your dedication to work is based on the management effort to improve employee morale 101 16.1% 50.5% your dedication to work is based on proper delegation system 149 23.8% 74.5% your dedication to work is based on balance between authority and responsibility 86 13.7% 43.0% your dedication to work is based on the existence of proper encouragement 114 18.2% 57.0% your dedication to work is based on other factor 176 28.1% 88.0% Total 626 100.0% 313.0% Job/Working conditions Dedication to work is based :  balance between authority and responsibility (57.8%)  management efforts to improve morale (50.5%)  existence of proper encouragement (44.1%)  existence of a proper delegation system (27%). 23
  • 24. Result and Finding Are you having sufficient training Opportunities 52 % of respondents have sufficient job advancements and 48 % of them don’t Job /working conditions: Career planning
  • 25. Result and Finding Frequency Percent Valid Percent Cumulative Percent Valid yes 142 69.6 69.6 69.6 no 62 30.4 30.4 100.0 Total 204 100.0 100.0 I believe that unsuccessful teamwork is based on lack of cooperation among the members 70 % of respondents agreed on unsuccessful team work is due to lack of cooperation between team members and 30 % of respondent answered unsuccessful team work depends on other factors. Work relationship 25
  • 26. Result and Finding A. My immediate supervisor is fair with subordinates 74 % of respondent agree that their immediate supervisors are fair with subordinates, 7% are not and 19% are neutral B. Leadership and management enjoy a high level of trust between employees 76% of respondents agreed that leadership and management enjoy high level of trust, 13 % disagree and 11% uncertain C. Managers keep me Informed and up to date 68% of respondents agreed on that manager’s keep them informed and updated, 17% disagree and remaining are uncertain Leadership Style 26
  • 27. Result and Finding Organization Culture 78% of respondents agreed on that the organization celebrate success with their employees, 13% of companies don’t do this and 9 % uncertain a. The Organization celebrates its success with employees b. The organization encourages the sharing of information, knowledge, and resources 76% of respondents agreed on that their organization encourages sharing of information, knowledge and resources,10% disagree and 14% are uncertain. 27
  • 28. Result and Finding t Frequency Percent Valid Percent Cumulative Percent Valid strongly disagree 8 3.9 3.9 3.9 disagree 14 6.9 6.9 10.8 uncertain 32 15.7 15.7 26.5 agree 110 53.9 53.9 80.4 strongly agree 40 19.6 19.6 100.0 Total 204 100.0 100.0 There is continuous communication in the organization about the goals and progress achieved 74% of respondents agreed on that there is continuous communication in the organization about goals and progress achieved, 11% disagree and 15% are uncertain Organization Culture 28
  • 29. Result and Finding 69% of respondents agreed on the facts that organizations supports honest two ways communication between managers and employees to share and exchange ideas, 17% disagree and 14% are uncertain Organization supports honest two ways communication between managers and employees to regularly share and exchange ideas Organization Culture 29
  • 30. Result and Finding Demographic A . Firm type: 51 % of respondents are working in multinational companies while 49% are in generic firms B. Current job Level: 62% of respondents have non managerial position, 16% first line management, 18% middle management and 4% are from top management C. Experience in the organization : 56% of respondents have 1-5 year of experience in the current organization, 20% have 6-10 years, 11% have 11-15 years of experience in the current firm, 8% have 16-20 years and 5% more than 20 years. 30
  • 31. Result and Finding Survey cross tabs Count you are satisfied with duties and responsibilities assigned to you Totalyes no Are you in position to work with devotion and happiness? yes 136 17 153 no 26 25 51 Total 162 42 204 Crosstab" Are You in Position to Work With Devotion and Happiness" Versus “You Are Satisfied With Duties and Responsibilities Assigned to You” Symmetric Measures " are you in position to work with devotion and happiness" versus "you are satisfied with duties and responsibilities assigned to you" Value Asymp. Std. Errora Approx. Tb Approx. Sig. Interval by Interval Pearson's R .406 .075 6.313 .000c Ordinal by Ordinal Spearman Correlation .406 .075 6.313 .000c N of Valid Cases 204 67 % of respondents are working with devotion and happiness& they are satisfied with duties and responsibilities assigned to them Pearson’s R= .406 moderate correlation 31
  • 32. Result and Finding Count Managers communicate frequently and honestly about issues affecting employees Total strongly disagree disagre e uncertai n agree strongly agree I am happy with the position and the status of my organization strongly disagree 6 3 0 2 0 11 disagree 3 4 2 11 4 24 uncertain 1 6 19 23 2 51 agree 3 6 19 58 8 94 strongly agree 0 1 3 11 9 24 Total 13 20 43 105 23 204 Value Asymp. Std. Errora Approx . Tb Approx. Sig. Interval by Interval Pearson's R .400 .075 6.206 .000c Ordinal by Ordinal Spearman Correlation .331 .071 4.982 .000c N of Valid Cases 204 Crosstab "I am Happy with the position and status of my job "versus " managers communicate frequently and honestly about issues affecting employees Symmetric Measures "I am happy with position and status of my job" versus "Managers communicate honestly and frequently about issue affecting employees 42 % of respondents are happy with the position and status of their work& agree on that managers communicate honestly and frequently about issues affecting employees Person’s R=.400.moderate correlation 32
  • 33. Survey Regression Analysis Leadership within the Organization Coefficients a Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .473a .224 .220 .90420 1.962 a. Predictors: (Constant), I receive recognition and praise from my seniors for a job well done b. Dependent variable: I am happy with status and position of my job There is 47 % linear association between 2 variables, which is quite good correlation. Model Unstandardized Coefficients Standardize d Coefficient s t Sig.B Std. Error Beta 1 (Constant) 1.773 .231 7.667 .000 I receive recognition and praise from my seniors for a job well done .474 .062 .473 7.636 .000 a. Dependent Variable: I am happy with the position and the status of my job The regression equation as: I am happy with the position and status of my job %= 1.773+-0.474 (I receive recognition and praise from seniors for a job well done) 33
  • 34. Survey Regression Analysis Leadership within the Organization Coefficients a Model Summary By looking at the B column under the Unstandardized Coefficients column, we can present the regression equation as: I am happy with the position and status of my job%= 1.742 +0.487 (Managers empower employees to make effective decisions Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .502a .252 .249 .88753 1.763 a. Predictors: (Constant), Managers empower employees to make effective decisions b. Dependent Variable: I am happy with the position and the status of my job The R value is 0.502, which indicates a correlation; there is 50 % linear association between 2 variables, which is quite good correlation. Model Unstandardized Coefficients Standardize d Coefficients t Sig.B Std. Error Beta 1 (Constant) 1.742 .218 7.981 .000 Managers empower employees to make effective decisions .487 .059 .502 8.257 .000 a. Dependent Variable: I am happy with the position and the status of my job 34
  • 35. Survey Regression Analysis Culture within the Organization Coefficients a Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .474a .225 .221 .90353 1.834 a. Predictors: (Constant), There is equal opportunity for advancement at my work b. Dependent Variable: I am happy with the position and the status of my job Model Unstandardized Coefficients Standardized Coefficients t Sig.B Std. Error Beta 1 (Constant) 2.130 .186 11.444 .000 There is equal opportunity for advancement at my work .429 .056 .474 7.661 .000 a. Dependent Variable: I am happy with the position and the status of my job I am happy with position and status of my job %= 2.130+0.429 (there is equal opportunities for advancement at my work there is 47 % linear association between 2 variables, which is quite good correlation. 35
  • 36. As for the first section of survey questionnaire which is designed to assess the Salary 56 % of respondents agreed that their salary is fair to their peers in the organization, 26% uncertain while 19 % disagree. 60% of respondents agreed that salary offered is fair to their counterparts in similar job in other organization, 17% are uncertain while 27% disagree that their salary is fair 48% of respondents agreed on that their Salary adjustment reflect job performance, 31% disagree and 21 are uncertain Employee satisfied by company R=0.348 working with benefits P=.000 happiness Summary of Major Findings 36 Financial benefits Leadership Culture Working condition
  • 37. Summary of Major Findings Leadership within organization 65% of respondents agreed on the fact that there is a continuous communication about employees’ development, 17% disagree on communication about employees developments and 18% are uncertain 37 Happy with the status of workR=.400 P= .000 Managers communicate honestly on issues affecting employees Financial benefits Leadership Culture Working condition
  • 38. Summary of Major Findings Leadership within organization 38 Financial benefits Leadership Culture Working condition  Leaders and managers enjoy a high level of trust  Recognition and praise from seniors for a job well done  Managers empower employees to make effective decisions  Managers show transparency and respect in their interactions with employees  Supervisor shows interest in employee‘s welfare and progress  Managers Show Fairness
  • 39. Summary of Major Findings Motivation within organization 39 Financial benefits Leadership Culture Working condition  Payment matches job performance  Organization provides the materials and equipment needed to perform the work  Job promotions are awarded based on merit  Promotion prospect in the company are good  Equal opportunity for advancement at the organization  Job is enjoyable, rewarding and satisfying  Teamwork is encouraged in the department  Colleagues are committed to perform high quality work
  • 40. Summary of Major Findings Motivation within organization 40 Financial benefits Leadership Culture Working condition The organization celebrates its successes with employees The organization gives incentives to superior performance The organization deals effectively with poor performance The mission of their companies makes them feel important ( Values in the company ) The organization encourages the sharing of information, knowledge, and resources There is continuous communication in the organization about the goals and progressed achieved The organization supports honest two-way communication to regularly share and exchange ideas between managers and employees.
  • 41. Summary of Major Findings 41 Financial benefits Leadership Culture Working condition  Receive support from peers in the department  Clear job description ( Each know what is expected at work)  The working relationship with peers is generally amicable  Team spirit ( alignment of common goals and objectives )  cooperation, coordination , communication  no competition among team members
  • 42. Summary Of Major Finding : Business Model
  • 43. Conclusion In Lebanon, Companies tend to head hunt from their competitors. Currently not many companies adopt employee retention strategies, most of the organizations fall short in their efforts to offer the necessary tools to improve, develop and retain talented employees. Moreover, If employees feel that they are not able to use their full potential and are not heard and valued, they are likely to leave. They need a transparent work environment to work in to get a sense of achievement and belongingness, where they can best utilize their potential and realize their skills.
  • 44. Recommendation As Hejase, Eid, Hamdar, &Haddad(2012) concluded" reaching a competitive edge depend on the employment, engagement and retention of the talented and experienced employees who are distinct and skilled in showing great leadership and technical abilities. Right people doing the right jobs are so precious and need to be well managed to offer and guarantee the best business achievements . Efforts must be done to retain talented employees" 44