“The glory of medicine is that it is constantly moving forward, that there is always more to learn. The ills of today do not cloud the horizon of tomorrow, but act as a spur to greater effort.”

— William James Mayo

The pharmaceutical industry in India is marching towards becoming a global hub for medicines and pharmaceutical equipment. It has also made rapid strides in vaccine development, and the industry is witnessing work on a mission-mode basis to set up pharma manufacturing parks across India to expand the country’s pharmaceutical influence worldwide.

According to the Decoding Jobs India Report 2023, the Indian pharmaceutical industry market is set to grow from $49 billion to $130 billion by 2030. To broaden their growth prospects and be future-ready in today’s tech-driven environment, companies are keen to hire digitally-skilled talent to fuel their next growth phase.

Current Job Outlook In the Pharmaceutical Industry

According to Mr. K Kulbhushan, Global Head and Vice President at Dr. Reddy’s, “As the pharmaceutical industry continues to advance in 2023, we will see a growing demand for professionals with skills in chemical engineering, machine learning, and artificial intelligence, as well as project management.”

At present, there are a total of 2.5 million people employed in this sector. The pharmaceutical sector is creating a surge in demand for new roles and opening up several job opportunities. The industry is optimistic about growth, and according to the Decoding Jobs India Report, the expected hiring intention of pharmaceutical employers in 2023 is 16% more than it was in 2022.

Jobs Opportunities In the Pharmaceutical Industry

The industry has scope for multiple roles– be it in cybersecurity to maintain the secrecy of medicinal formulations, blockchain to build resilient delivery models, or robotics and AI to make smarter assembly lines, there’s ample scope and opportunity for professionals from diverse digital skills backgrounds.

Let’s take a look at some of the high-demand jobs in the pharmaceutical industry. 

• Tech-based Roles

 Pharmaceutical executives are looking to reduce their product development costs and time. To achieve this, companies require talent skilled in machine learning, artificial intelligence, and static/dynamic simulation software. As per a study by Pharmaceutical Technology, 70% of drug development is already done by leveraging cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP).

• Quality Assurance & Manufacturing Roles

Quality assurance is one of the core domains of the pharmaceutical industry and is responsible for developing and implementing quality standards for manufacturing drugs and medical equipment. There are several new job opportunities in this department for candidates from BPM (Business Process Management) and  Lean Six Sigma backgrounds who can develop efficient error prevention techniques, streamline inventory management, and improve the material flow.

• Project Management Roles

Project management is another key area of focus for companies, with a focus on ensuring effective collaboration among the teams. This has led to an increase in demand for professionals with knowledge in implementing the agile working methodology.

• R&D Roles

Research and development (R&D) is at the heart of every pharmaceutical company; hence, the need for research-oriented professionals is always high. The Indian Government is also playing a crucial role in promoting R&D by allocating USD 419.2 million towards research and development initiatives taken by the Ministry of Health and Family Welfare.

This has led to job opportunities for scientific technicians who specialize in genomics, biochemistry, molecular biology, drug discovery, toxicology, and several other fields.

• Sales & Marketing Roles

Lastly, if we look at the non-technical side, companies are also looking for experienced sales and marketing professionals to gain a competitive advantage and build a strong relationship with their customers. This opens up doors for job seekers proficient in digital marketing, branding, social media management, and marketing strategy planning in this sector.

Mrs. Namrata Gill, HR Lead at Dr. Reddy’s, says that “The pharmaceutical sales market will require professionals who possess a strong understanding of marketing and product management to excel, as has also been stated in the Decoding Jobs India Report 2023.”

The Way Forward

The pharmaceutical industry is undergoing a digital shift, and there are several job opportunities available for professionals willing to upskill and reskill.

Besides technical skills, companies actively look for candidates with two main traits– strategic thinking and strong problem-solving. So, develop your skill set in these areas. Put in efforts to network with industry professionals and be active on social media to connect with the right people, and clinch the job opportunity of your choice.

Lastly, I would like to leave you with an inspirational quote from Henry Ford, founder of Ford Motor Company, “Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.”

About the author

Pankaj Bansal is the Co- founder of Taggd and Work Universe (a Fund investing in jobs and work tech). He is a non-executive director at Karmayogi Bharat (Capacity building or Civil Servants) and many other startups. Follow him on Twitter at @pankajbansalPB.

By Dainik Bhaskar

The post Unlocking the Potential: Exploring High-Demand Jobs in the Growing Pharmaceutical Industry in India appeared first on .

Have you wondered what are the factors that influences a nation’s economic growth, or what determines the outcome of elections, and what ensures financial stability for every individual? The answer to all these questions is – jobs, or employment.

2022: A roller coaster for the job market

A retrospective look on 2022 tells us that it started on a positive note, with the first half of 2022 witnessing relatively strong hiring. However, Q2 FY22 onwards posted an altogether different story. Global recessionary fears and geopolitical conflicts dampened business sentiments across the world.

Recent months have seen a flurry of layoffs across the globe, especially in IT, sparking fear, uncertainty, and disruption for those affected. There is a palpable concern among employers and employees to know how the job market will shape up in 2023 amid these unprecedented times.

What can we expect in 2023?

As we enter 2023, even though the hiring sentiment seems a bit worn down, there is not a complete pause. The position of the Indian job market remains to be powerful, the population is young and growing, and is going to become the world’s largest labour force by 2027- indicating a large pool of potential employees to fill new roles and positions.

In the coming year, we expect a state of equilibrium – with growth continuing in pockets. We See That Many Segments Of Employers Will Be Optimistic About Their Hiring Activity In 2023 – With 45% Of Employers Surveyed Foreseeing Up To A 20% Increase In Hiring, As Per Decoding Jobs India 2023 Report By Taggd In Association With CII. While the global demand for Indian talent will start becoming visible around mid-2023, India’s job and employment landscape will be driven by domestic demand for talent. Domestic demand also spurred by rise in entrepreneurship, will be an important corner stone for employment. Let me share some positive hiring outlook and sectors in focus:

Pharmaceutical

With the new variant of covid and given India’s G20 Presidency, digital health innovation, achieving universal health coverage, delivery will take Center stage. This should give the employment generation a push in the next 6 to 8 months. Opportunities in medical research, healthcare administration, public health, nursing, and heavy focus on data science, API, AI/ML, R&D can be expected.

Manufacturing

Due to geopolitical reasons, Industry 4.0 and the “Make in India” initiative from the government, we are expecting manufacturing to grow in the next year and build domestic demand in the country. Organisations like Apple and Volvo are moving their innovation centres in India. As many as 50,000 direct jobs have been created in India since August last year, and this momentum is expected to continue.

Automotive

Amid increasing push towards environmental sustainability and Make In India, the auto sector’s job landscape will remain buoyant in 2023. Companies in Auto will look to hire people for product launches and green fuel technology. The top demands are for jobs like program managers, electronic and mechatronic engineers, expertise in fuel cells, system engineers, and AUTOSAR architecture.

Internet Business

Local e-commerce expects to grow on basis of domestic demand. Demand for delivery professionals, expertise in analytics, and performance marketing will drive employment in the sector in the coming year.

IT

Tech companies will be shifting their hiring focus on quality instead of quantity as we exit the market normalization phase. Given the over hiring done in the sector, hiring will not be as buoyant as it was in past, however, demand for niche talent like: DevOps, Cybersecurity, Blockchain, Robotic Process Automation, AR/VR in Online Gaming skills, will continue to persist.

Future of jobs

Confucious said “Choose a job you love, and you will never have to work a day in your life”, I would suggest- “Find love in the job you choose”. It’s essential for both individuals and organizations to stay flexible and adapt to changes in the job market.

As per India Skills Report 2023 by Wheebox, Taggd and CII, for the first time India reported a 50.3% employability score which means 50.03% of the test participants who were young were determined to be highly employable in total. Among the employable young population, 53.28% of women and 47.28% of men were deemed to be highly employable.

Successful job searching often involves a balance of both ‘science and art’, So, ask yourself:

1. Do you have the skills best suited to the roles for which you are applying?
2. If you have the right skills and knowledge, do you know it inside-out? If asked, can you speak on the subject for 2-3 minutes instantaneously and deeply?
3. How can you help your organization grow in the first 90 days of your job?

It’s important to approach the job search from the perspective of the hiring manager than only HR. If your answers to these questions are in the affirmative, rest assured, there are good jobs awaiting you. If not, start building up your skill stack, and gear up to be a part of India’s growth story!

About the author

Pankaj Bansal, is the Co-founder and Group CEO of PeopleStrong, Taggd and Wheebox. He is also a non-executive director at Karmayogi Bharat.

By Dainik Bhaskar

The post The Future of Jobs: Here’s What You Need to Know appeared first on .

Market watchers say sector will be a big jobs driver with boost in infrastructure development, policies and tech; monthly salaries likely up to Rs 30,000-plus in peak season.

“Logistics and logistics e-commerce companies accounted for 3% of the total investment deals in India for 2019, with a total estimated deal size of more than $335 million.”

Where the Jobs Are

Market watchers say sector will be a big jobs driver with boost in infrastructure development, policies and tech; monthly salaries likely up to Rs 30,000-plus in peak season Companies in the logistics space are on a hiring spree this year, driven in large part due to fresh rounds of funding and plans for expansion in new cities. Recruitment companies such as quess and peoplestrong said there would be an almost 20-25% uptick in jobs in sorting and packing centres and in middle and lastmile delivery. Other in-demand work profiles would include fleet and warehouse managers, loading supervisors, and seafarers.

Employment in Logistics

According to a TeamLease report, overall employment in logistics would grow from nearly 11 million in 2018 to almost 14 million in 2022, with the warehousing segment alone expected to create 1,20,000 new jobs. Experts said with the improvement in infrastructural development, a boost in governmental policies and the advancement of technology, the logistics sector is set to become one of the biggest drivers for job growth this year, with salaries of ₹15,000-18,000 a month plus variables in offseason, going up to ₹25,000-30,000 in peak season. “This sector has been largely unorganised thus far, but 2020 is expected to bring in more consolidation as well as expansion in tier 2 and 3 cities, in turn leading to increased hiring,” said Quess – India region chief operating officer Guruprasad Srinivasan. The recruitment company currently has about 10,000 people deployed in logistics startups and expects a 15% increase in mandates this year with a majority of the job roles in sorting and packing centres and middle and last-mile deliveries, he said.

Growth in Investmenets

Estimates from PeopleStrong show that in logistics outsourcing — mainly driven by ecommerce companies — one million new jobs would be generated. This year, there will be more hiring in the technology, analytics, and artificial intelligence domains as opposed to hiring in frontline operations over the last year, said Devashish Sharma, the chief business officer of Taggd, PeopleStrong’s recruitment solutions business. Last month, Walmart-owned Flipkart led a $60-million investment round in last-mile logistics startup Shadowfax. The company is looking to expand its operations, strategy and growth teams, as it pushes an expansion into more cities pan-India and China. “We are looking at ecommerce and product companies to hire people in middle and senior management roles,” said Tanushree Ray, the head of HR at Shadowfax. The company is looking to hire at least 150 people for corporate roles, and is expecting twofold growth on driver-partner side, Ray told ET. Shiprocket, a tech-enabled logistics aggregator platform for direct-to-consumer ecommerce sellers, will be hiring 100 people, half for its technology and data teams and the other half for business operations, while Robinsons Global Logistics Solutions will be increasing its headcount by 15%. “We will be hiring in junior and middle positions, as well as 2-3 key leadership hires. We will also be exploring technology hiring outside India,” Robinsons chief executive Aditya Vazirani said. Logistics and logistics ecommerce companies accounted for 3% of the total investment deals in India for 2019, with a total estimated deal size of more than $335 million, according to estimates from specialist staffing company Xpheno. “Many of the logistics companies have seen growth in Series-C and above stages,” Xpheno co-founder Kamal Karanth said.

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