The Indian pharma industry experienced a 23% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Syngene International with 1,873 job postings according to GlobalData’s analysis of pharma company job postings. GlobalData’s Pharmaceutical Drugs Development Annual Review provides a comprehensive analysis of the pharmaceutical industry in 2022, focusing on drug development trends, future opportunities and key movements in regulatory, clinical, and market aspects. Buy the report here.
Notably, Management Occupations jobs accounted for a 28% share of the Indian’s pharma industry new job postings in Q2 2023, down by 21% over the prior quarter.
Management Occupations drive pharma hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 28% of the total new job postings in Q2 2023 and were up by 104% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 19% and rise by 30% year-on-year, and third highest were Business and Financial Operations Occupations, which were 30% of the new job postings and 62% higher year-on-year.
Top five companies in pharma accounted for 61% of hiring activity
The highest number of jobs were posted by Syngene International with 1,873, followed by Biocon with 1,387, while the highest increase was at Novartis at 71%.
For further understanding of GlobalData's Pharmaceutical Drugs Development Annual Review, Sales and Forecast, Key Trends and Competitive Analysis, buy the report here.