The Pfizer Job Market

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The job market can be a confusing place when taken at face value, there are plenty of available jobs, but there are not many people to fill those jobs. How can unemployment be so high when there are so many jobs that are just waiting for someone to apply. The truth is that while the job market might seem like you can have any position you can think of, most people just aren’t qualified for them. There are many jobs that require little to no skill to obtain and usually do not provide enough money to live well from. The reality of the competitive job market is that companies seek out not only the best qualified individuals, but the ones who have proven ability in the field. To meet this need, companies have developed recruiting strategies to …show more content…

Previously, Pfizer, would determine what kind of talent they would need for the next 10 years and work to develop that talent from within its current workforce. Due to the highly competitive market, this strategy will no longer meet Pfizer’s needs. The evolution of small bio-tech companies that can produce new drugs much quicker than global giants like Pfizer, means the company must stay ahead by having more new drugs available for the market. The flexibility of the market, particularly how quickly it changes, has forced Pfizer to seek individuals who have multiple competencies. Retreating from their past practice of grooming, they allow for employees to blossom at what they are good at, creating a more flexible …show more content…

Pfizer also provides their Medical and Academic partnership grant, which rewards industrious employees with grants to pursue their own ideas or partner with medical professionals. Pfizer did have to implement cutbacks, 10 percent of their employees, but still receives a high job satisfaction rating of 73% from its employees. The opportunities provided are a big part of that

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