R&D HR issues in Pharmaceutical Companies Knowledge transfer from retiring baby boomers to younger R&D workers in the Pharmaceutical industry should be simple.

1. R&D HR issuesinPharmaceutical Companies
KnowledgetransferfromretiringbabyboomerstoyoungerR&Dworkersinthe Pharmaceutical
industryshouldbe simple. However,there isone small problem:there are few nextgenerationR&D
workers! Asa managementconsultantinamanagementconsultingcompanythatspecializesin
R&D of pharmaceutical companies,Ivisitmanypharmaceutical companies. Thisgivesme unique
insightsandopportunitiestoobserve andidentifytrendsinpharmaceutical R&D. One trendI have
noticedisthat as R&D babyboomersretire,pharmaceutical companiesare experiencinga
knowledge gap. Thismeansthatfewerandfewerpeople inPharmaceutical R&Dhave historic
institutional R&Dknowledge andthatthisknowledgeisnotbeingtransferredtoyoungerR&D
workers.Fewerpeople have the experience andknowledgetounderstandhow R&Dreallyworks. I
believethiswillnegativelyimpactinnovationinthe pharmaceutical industry.
How have we endeduphere? Let’sfirstlookat global agingtrends.Isthere somethingfundamental
happening?
Global AgingStatistics…The agingof the world’spopulationisinevitablyincreasingasthe
percentage of people aged65+ growsand the proportionof 15 – 64 yearoldsdeclines. Thistrendis
happeninginessentiallyall countries[1]. CurrentlyinJapan,22.7% of the populationisaged65+
and by2050, nearlyall countrieswill have populationsasold,percentagewise,asJapan’sistoday.
Global agingisnot justabout the retiringof babyboomersbutisan ongoingtrendwhere the
proportionof olderpeople becomesalargerpartof the total populationbecause of bothadecrease
infertilityandincrease inlongevity. Thistrendwill continue toincrease intothe future.
Thismeansthat companiesinthe future will have tofindwaystobetterutilizeagingworkersto
increase theirproductivity. Also,findingandkeepingnew talentwillbe more difficultasthe
youngerage pool that these workerswillbe sourcedfromwill becomeanincreasinglysmaller
percentage of the total population.
Anothermegatrend[1] is that economicgrowthasmeasuredbyGDP for developedcountrieswill
be slow,around1-2%, althoughemergingeconomieswill have highergrowthrates.Finally,the aging
populationof 65+ year oldswill become amore importantpartof the consumermarket. Ina word,
the global economieswill have toaddressthe 65+ yearold age group withnew innovative strategies
that addressemployment,knowledgetransfer,social security,healthcare andage appropriate new
products.
HR Trendsin Pharmaceutical Companies…Pharmaceutical companieswerehithardoverthe last15
years;newdrug launchesdeclinedandtheirearningsgrowthdropped
TheirR&D pipelinesdriedupandinspite of a dramaticincrease inR&D expenditures,new drug
approvalsdidnotincrease andessentiallyremainedconstanteventhoughR&Dexpendituresmore
than quadrupledsince 1990. The industryexperiencedadramaticlossof R&D productivityascosts
to developdrugsskyrocketed
Source : HR Blog
Recommendedby:
CHRISTOPHERT. ANDERSON,SPHR,CBS
Vice President,HumanResources

2. Mölnlycke HealthCare,Atlanta,GA
email:ctanderson209@sbcglobal.net
https://www.linkedin.com/in/chrisandersonsphr
Mölnlycke Health Care,AbbottLaboratories,HospiraInc.,Hill-Rom,The Ertl Company
Pharma,Pharmaceuticals,Biopharm, Biopharmaceuticals,Medical Devices,Biotech,Biotechnology
http://www.zoominfo.com/z/ChrisAnderson
http://www.yatedo.com/p/CHRISTOPHER+ANDERSON/normal/e23ed9da3ff1b552ba6fcd85dff79f0c
https://www.intelius.com/Find-Phone-Address/Dubuque-IA/Christopher-Anderson.html
https://www.visualcv.com/christopher-t-anderson
https://connect.data.com/contact/view/t3nVaN-mtGLcWTv2axRPyg/christopher-t-anderson
about.me/c.anderson
https://docs.google.com/document/d/1AR4wGYccj9mU4c_LM0HWM8mxGfbszz0v1FCHAd-
J0PA/edit?usp=sharing
https://drive.google.com/file/d/0B9UWO5DpC2g6N3E0RktyOXk1bkk/view?usp=sharing
https://chrisandersonweb.wordpress.com/2016/07/08/christopher-t-anderson-sphr-cbs/
http://www.slideshare.net/JeromeMatthews1/christopher-anderson-vice-president-human-
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https://www.scribd.com/document/317951809/Christopher-Anderson-Vice-President-Human-
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https://issuu.com/christophertanderson/docs/christopher_anderson_vice_president
https://plus.google.com/106489559400980295140/posts/58TnambS599
http://christopher-t-anderson.blogspot.in/2016/07/christopher-t-anderson-sphr-cbs.html
https://penzu.com/p/b337af8c
http://christanderson-things.tumblr.com/post/147232131622/christopher-t-anderson